Robert Castellano

Industrial Production: Tech Worse Than We Thought

These numbers are for U.S. production. Everyone knows that most semiconductors are being manufactured in Asia. Also, Jolly_Rancher is right, the technology market is motivated by greed, and the technology companies lay off employees to boost stock evaluations so that they can collect on massive stock options. CEO salaries pay for their cappuccinos and martini lunches, and they can drop the to $0 and they won't flinch. Their real money comes from the tens of millions of dollars in the options. Take a look at any 10K and calculate it out. I've been analyzing the semiconductor industry for 25 years as President of The Information Network (theinformationnet.com), so I've seen it all time and again.