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Offshoring in the U.S. Telecommunications Industry--Theodore S. Rappaport
Pages 213-218

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From page 213...
... From piled from public records. other speakers at this workshop, you can get a sense of the rapid growth of global telecommunications markets and the EFFECTS OF THE DOT-COM CRASH massive adoption of wireless and telecommunications technologies -- with surprisingly little job growth, and sometimes The fallout from the dot-com crash of 2001–2003 persists, job losses, in the United States.
From page 214...
... Not so With the dot-com crash, stock prices dropped by orders of in India where government policies encourage and reward magnitude in the telecommunications field. QUALCOMM people for pursuing careers in these fields and encourage dropped from $200 to $20 a share; Lucent dropped from $80 businesses to establish centers there.
From page 215...
... got to how we could make up for lost ground, we had trouble The industry-academy chasm will not be closed by market finding a strategy that would enable us to "save" ourselves. forces, which, in reality, encourage telecom companies to One thing we all agreed upon was that there is now a invest in emerging markets outside the United States where tremendous chasm between U.S.
From page 216...
... industry participation has dropped by more The five major focus areas of R&D, based on all of the than an order of magnitude to 1 in 12 papers presented at company press releases we collected, will give you a sense international conferences. Industry is no longer a participant of the needs being met by the $0.5 trillion of products being in the research dialogue.
From page 217...
... First, R&D invest ments are going to high-growth countries. Second, multi national companies are investing in countries that have made R&D Initiatives by Major Companies telecom a priority, either through tax incentives, research The discussion that follows briefly covers some of the expenditure incentives, or other government policies.
From page 218...
... Reviving this social contract may require government Consider that the data I have presented show that in graduengagement. ate programs in telecom throughout the United States today, Before the dot-com crash, when I headed the wireless the numbers are diametrically opposed to the numbers in center at Virginia Tech, more than 30 major companies this room.


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