Interesting day in the "computer Techs" in the US stockmarket. Americans that understand that politicians lie and have no intention of protecting American jobs made a great deal of money today.
Hewlett-Packard Co., our "American reseller of computers and printers made elsewhere", rose $1.38, or 3.4 percent, to $41.88 for the biggest gain in the Dow Jones Industrial Average.
And Cognizant Technology Solutions Corp. climbed $4.56, or 17 percent, to $31.84 for the biggest gain in the Standard & Poor's 500 Index. This "computer-services provider" for Aetna Inc. and the MET forecast first-quarter earnings that beat estimates as clients outsource work to it and via Cognizant, to India. The major insurance companies that run those "feel good because we help you" ads then use Cognizant to destroy American computer programing jobs. But American compamies do tell us about how hard it is to get Americam programmers. Indeed, the MET has started to totally avoid American compputer workers as they set up a wholly owned Indian computer programing shop in India. This despite what is reported by many as a final product from Cognizant that is an example of very poor programing quality control by Indian "programers. Indeed those H1 visa that the GOP corporations are pushing are really just allowing Indians to spend "their junior in college year abroad" - a view based on their programimg skill level being that of an American or EU computer major in the junior year of college (but without the English skills). Bill Gates lied to Congress on the need for all those H1 visas - and nowhere is it more obvious than in the hiring pattern of America's computer-services providers, and the corporations that use those "American" computer service providers to hide their two faced telling kids to be computer engineers while sending those kids' future jobs to India.