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Old 10-13-2010, 04:33 PM   #21
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Could be, but I also suspect that the typical high tech firm's workforce is younger on average than in most other industries, and thus they may have lower per-employee health insurance costs -- allowing them to be a bit more generous than average?

Just a thought -- not sure there's anything to it, but it seems to make sense.
I think that might be true in general. When a big organization goes out to bid on health insurance the bidders probably consider employee demographics but that is just a guess.

We were small, about 100 employees. We were only offered "off-the-shelf" plans that were not customized for us. We paid the same rates as a company with mostly older employees would have paid. The plans were not customized for our industry either aside from being small business plans.
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Old 10-13-2010, 04:47 PM   #22
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Microsoft's growth has slowed. While they are still on very solid footing, they are facing increased competition. Some of their cash cow products will experience increased competition on the consumer and business sides of their business.


It is a bit of a sign that they are going to have to tighten up and watch their money a bit closer. The days of investors throwing money at them are over... and there are many new competitors springing up.


MS workers will no longer be getting rich off of options (like the old days).
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Old 10-13-2010, 05:09 PM   #23
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MS workers will no longer be getting rich off of options (like the old days).
That is for sure true, as options have been dropped and replaced by stock grants.

Ha
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Old 10-13-2010, 05:15 PM   #24
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Could be, but I also suspect that the typical high tech firm's workforce is younger on average than in most other industries....
That used to be the case about 20 years ago, but those 30 somethings are now 50 somethings and still in the tech industry. Sometimes I find it hard to remember that 1990 was 20 years ago.

While still a 'young' industry, most high tech companies that I have worked at or with have a sizable 'older' population.
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Old 10-13-2010, 05:32 PM   #25
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While still a 'young' industry, most high tech companies that I have worked at or with have a sizable 'older' population.
This is very true at my company; the ages of our core engineering staff run from 45 to 65. Even recent hires have fallen into this range because our work load demands experienced people.
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Old 10-13-2010, 06:58 PM   #26
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This is very true at my company; the ages of our core engineering staff run from 45 to 65. Even recent hires have fallen into this range because our work load demands experienced people.
+1

So true. We just hired a 50 year old engineer for his experience and intelligence.
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Old 10-13-2010, 07:01 PM   #27
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So true. We just hired a 50 year old engineer for his experience and intelligence.
Someone has to train all the new hires in India...
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Old 10-13-2010, 09:21 PM   #28
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Microsoft's growth has slowed. While they are still on very solid footing, they are facing increased competition. Some of their cash cow products will experience increased competition on the consumer and business sides of their business.


It is a bit of a sign that they are going to have to tighten up and watch their money a bit closer. The days of investors throwing money at them are over... and there are many new competitors springing up.


MS workers will no longer be getting rich off of options (like the old days).
FYI...

1. Microsoft just posted (all time) record EPS

2. They have $46 BILLION dollars of cash, they don't need investors to give them anything

3. They don't give options anymore, it is now restricted stock
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Old 10-13-2010, 09:41 PM   #29
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FYI...

1. Microsoft just posted (all time) record EPS

2. They have $46 BILLION dollars of cash, they don't need investors to give them anything

3. They don't give options anymore, it is now restricted stock
It probably has a profit margin in the high 20s also. While people focus on oil and health ins. profit $; I think both have profit margins around 8%.
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Old 10-14-2010, 06:19 AM   #30
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It probably has a profit margin in the high 20s also. While people focus on oil and health ins. profit $; I think both have profit margins around 8%.

It is heck of lot cheaper to buy fast computers, stock the fridge with sodas, and energy drinks than buying off shore oil rigs, or conducting FDA clinical trials.
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Old 10-14-2010, 06:52 AM   #31
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It is heck of lot cheaper to buy fast computers, stock the fridge with sodas, and energy drinks than buying off shore oil rigs, or conducting FDA clinical trials.
Poing taken, but you're forgetting the cost of human capital. It takes a lot of $$$ to employ people skilled enough to design new operating systems and other types of software. Especially why you have to compete with other cash rich software companies.
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Old 10-14-2010, 01:02 PM   #32
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I'm pretty sure employees of Microsolft won't get much poorer if they have to pay for their health insurance. Plus those premiums paid are pre-tax $$.
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Old 10-14-2010, 05:56 PM   #33
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Microsoft workers to pay part of health care in 2013 | Beyond Binary - CNET News

The company didn't go into details on what exactly employees will have to pay, but said there will be a maximum amount that workers will have to pay both individually and as a family. Microsoft currently pays 100 percent of the cost of coverage for workers as well as for a spouse or domestic partner and children.

++++
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This could be a small step toward decoupling health insurance with employment. More and more companies paying less or even dropping health coverage as a benefit. If the Federal Government starts moving in this direction, it could be the final blow for employer based heath care coverage.
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Old 10-14-2010, 10:34 PM   #34
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Someone has to train all the new hires in India...
So true. That was the straw that broke this 53 yr old back when they sent me to India.

I watched a good movie this year on an experience I really related to, as it was Mumbai that I was sent to. Although I had a very good experience I'm afraid it was not for me.

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Old 10-16-2010, 07:20 AM   #35
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FYI...

1. Microsoft just posted (all time) record EPS

2. They have $46 BILLION dollars of cash, they don't need investors to give them anything

3. They don't give options anymore, it is now restricted stock
Owned it for along time... cashed out years ago.

They have several cash cows that throw off a lot of money. Big profit to revenue ratio.

But that is priced in the stock.

They have increased competition and not much new growth.

Keep in mind for a company that large to see meaningful growth... it has to be a huge business opportunity with big growth potential.

Perhaps they can pull off the move Apple did (without the financial troubles)... and reinvigorate growth with some new products or services.

Right now... they are beginning to look like a large company with "Me Too" products.
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Old 10-16-2010, 12:08 PM   #36
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So true. That was the straw that broke this 53 yr old back when they sent me to India.

I watched a good movie this year on an experience I really related to, as it was Mumbai that I was sent to. Although I had a very good experience I'm afraid it was not for me.

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And now it's a TV show.
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Old 11-02-2010, 12:04 PM   #37
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We paid a small amount of the medical premium with Megacorp. Over the years, the amount kept increasing. Now that DH is retired, we pay nothing for his insurance, but pay $230 a month for me.

It will be interesting to see if there are any changes at enrollment time this year...
We just enrolled today. We kept the same plan as last year. Fortunately the coverage and deductibles did not change, however the premium increased 20% for next year's coverage.

I'm just grateful we still have insurance.
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Old 11-02-2010, 12:26 PM   #38
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Have just finished studying the paperwork for our 2011 coverage. We are staying on the same plan and feel fortunate that the only increase seems to be 10% for the premiums. Copays etc. look to be the same.

DH works for a megacorp in tech and they certainly don't pick up the tab for full healthcare. Even if we were on the lowest level HMO we would be dipping into out pockets. Think the days of any company providing total coverage out of their till is long gone.
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Old 11-02-2010, 12:38 PM   #39
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DH's retiree health insurance premiums just increased 56 percent for the same coverage.

The caveat has always been that megacorp can cancel retiree health insurance at any time, so we're thinking they reduced their subsidy as well as the rates going up.
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Old 11-02-2010, 12:38 PM   #40
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Just got our open enrollment info as well.

We both work for big IT companies and while the per pay period cost stayed the same, the plan that we were in has been dropped so we switched to a high deductible plan.

It will cost us $150 per pay period or $3900/year to have a high deductible ($3,000 / family) Health Plus Savings Plan. Once the deductible is met all expenses are paid 100%.

And this is a subsidized rate so I can't even imagine what this plan would cost on the open market unsubsidized.
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