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Strategies & Market Trends : India Coffee House

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To: gunther who wrote (1177)	5/31/1998 7:00:00 PM
From: Mohan Marette	Read Replies (1) of 12475

'The devil is in the details'- High Tech fears over India. gunther and all: Here is an interesting article on U.S sanctions and its effects particularly with respect to high tech industry. wired.com +++++++++++++++++++++++++++++++++ Excerpts. Source: Wired News. +++++++++++++++++++++++++++++++++ "In the wake of India's nuclear weapons tests and the subsequent and swift imposition of economic sanctions by President Clinton earlier this month, major US corporations and investors are holding their collective breath to see just what, exactly, the sanctions will entail, and who will be hurt. And perhaps no other industry is more unsure about its fate than America's high-tech sector. ........................................ "Scheibel responded, saying, "We have very specific circumstances in the marketplace that require access to specialty professionals such as those coming out of India, and the talents and skills are what help our domestic companies create and build jobs. It'd be a very crude approach to statecraft to tie one to the other."

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