[link|http://biz.yahoo.com/ap/050509/india_sun_eastward.html?.v=3|Sun Microsystems Expands in Four Offshore Sites to Replace Silicon Valley Hub]
"BANGALORE, India (AP) -- Sun Microsystems Inc. has chosen four of its facilities around the world to take the place of its Silicon Valley office as the research and development hub, the U.S. computer hardware and software maker said on Friday.
The four research and development centers are in the Indian city of Bangalore, the Chinese capital of Beijing, Russia's St. Petersburg and the Czech Republic capital, Prague.
"We are over-invested in high-cost geographies like the U.S., and underinvested in low-cost geographies like India," Stephen Pelletier, the company's senior vice president of global engineering, told reporters in Bangalore.
...
"We are not pulling out," he said. "We are going to have a big presence in the Silicon Valley for a long time."
What does this say abouit the the future of hi tech in the US?