Sybase (SY) CEO John Chen joins the guys for this conversation. His company provides software and services that deliver information to mobile devices such as your BlackBerry.
Will China surpass the US and become the world’s next super-power?
“Nobody could predict that,” Chen says. “If we don’t become more competitive then, (yes) we will lose our position.”
What does the US dominate now, other than financial services?
“Creativity and inventions,” says Chen. “We do well in creating and that (translates) to film and media and pharmaceuticals and the like.”
Is it possible to hold the Chinese to higher quality standards?
“Absolutely,” says Chen. China understands the standards, they just can’t regulate them well and that presents opportunities and risks. “Opportunity because we can help China regulate better and risk because they (might) do better than we could.
How do Americans compete when American business thinks in quarters and Chinese business thinks bigger picture?
“If I could answer that, I’d write a book,” says Chen. He also says the US need to be permitted to own part of the Chinese market as they can own portions of ours.
Would the Chinese receive that idea?
“We’ve got a lot of work to do… In software (Chen’s field) they have developed a little bias for their own,” replies Chen.
Do we have more leverage because of the Beijing Olympics?
“Yes and we’re losing valuable time,” Chen says. “(Because) over time we will lose leverage (to Europe.) “Although I’m not sure the Olympics will be the tipping point.”
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Trader disclosure: On May 22, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (SWY); Najarian Owns (MDT), (STI); Bollings Owns Coffee, Sugar, Gold, Silver; Bolling Owns March Natural Gas Futures and Is Short April natural Gas Futures