Outsourcing: Silicon Valley East
http://www.msnbc.msn.com/id/11571580/site/newsweek/
Americans once feared their jobs would be shipped to India, but the
backlash was overdone. Now everybody's winning.
By Keith Naughton
Newsweek
March 6, 2006 issue - During the height of the dot-com boom, Dan
Scheinman was one of Silicon Valley's most popular tech execs. As the
chief of mergers and acquisitions for Cisco Systems, he couldn't go to
a party without being besieged by entrepreneurs eager to sell their
business to the deep-pocketed tech giant. Now Scheinman is once again
the toast of dinner parties, but he's being pitched on new properties
over tandoori chicken and Darjeeling tea in Bangalore. For Cisco, India
is the new frontier, where it's investing $1.2 billion to build a
gleaming R&D campus that will employ 3,000 people. "Bangalore feels
like the center of the technology world," says Scheinman. "There's a
level of chaos, energy and a sense that anything is possible."
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