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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: P. Ramamoorthy who wrote (11517)5/13/1998 12:03:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 13949
 
Re.: Wonder if trade sanctions are also possible that could prohibit business with India over the nuclear blasts?

1) No doubt the nuclear tests in India will tip the scales away from Indian Y2K companies in the signing of new contracts.

2) However, many Indian Y2K companies are already so backlogged with existing work that they probably couldn't take on new work even if they wanted to.

3) The deciding factor in the price of many India-based stocks, IMO, will hinge on investor emotions. The US and other counties will impose sanctions against India. Common sense dictates this will manifest itself tomorrow in India-based stocks.

Story on sactions against India:
expressindia.com

- Jeff
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