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Technology Stocks : iGATE(IGTE)

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To: Sam Citron who wrote (362)	3/9/2000 11:00:00 PM
From: Mohan Marette	Read Replies (1) of 380

Sam, if you haven't listened to Sunil Wadhwani interview on Radio Wall Street today I suggest you do. Man talk about 'missionary zeal'. The interview lasts about 30 minutes and he spells out the strategy very clearly in that time. He said Mascot (Rev $50 mil) will hit the stock market in India by March and three months later the ADR should hit NASDAQ. Three of the 9 iGate companies or so will come out with IPOs with in the next few months in the U.S and others will follow. iGate Ventures-a Venture Capital Fund- has already invested or acquired 3-4 companies since its inception 3 or so months ago and he expects the $75 mil in initial funding (all of which came from iGate's internal accruals) to be fully deployed within the year. iGate plans to fund the VC with $300 mil in additional funds within the year. I see a mini ICGE/CMGI in the making here, the difference being iGate will be much more focused than the others. This thing could turn out to be a home-run.

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