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To: IngotWeTrust who wrote (48123)	2/5/2000 5:41:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116753

Hate to break the gold party up and i coud be wrong but i have hunch this is going to keep up the us market bubble for a bit yet. Fair or unfair i do not know. Saturday February 5, 7:15 am Eastern Time Indian firms to drive Asia listings at US markets HYDERABAD, India, Feb 5 (Reuters) - Indian companies will lead listings from the Asian region at U.S. stock exchanges this year, a senior official of the New York Stock Exchange (NYSE) said on Saturday. ``I feel this year we'll see as many as 10 listings (from India) in the U.S., both in Nasdaq and the NYSE,' James Shapiro, senior managing director of the NYSE, told reporters in the southern Indian city of Hyderabad. ``It's going to be the busiest country in Asia this year,' Shapiro said, adding that last year's three Indian listings had boosted appetite for other local firms among U.S. retail and institutional investors. Shapiro is in Hyderabad for a financial conference. Software services firm Infosys Technologies Ltd (NasdaqNM:INFY - news), a favourite of local stock markets, became the first Indian company to list it shares on any U.S. exchange when it made its debut on the Nasdaq stock market in March. Satyam Infoway (NasdaqNM:SIFY - news), a subsidiary of India's Satyam Computer Services Ltd , also got listed on Nasdaq in October. Shapiro said telecommunications and technology companies based in China, Hong Kong and Taiwan were also expected to be very active in listing shares on the NYSE this year. Financial services company ICICI Ltd is the only local Indian firm which listed its shares on the New York Stock Exchange last year. ``I am certain that we will add to the group of Indian companies traded on the NYSE--certainly within the first six months of the year,' he said. At a conference in Bombay earlier, he had said: `` Most Indian companies which come to the U.S. are not start-ups but have established businesses and names ... NYSE will position itself as a market for global companies, companies which have a global investor base and global operations.' Shapiro said the Indian government's efforts to privatise firms would help companies to seek listings on the NYSE. ``So many firms are converting their Global Depositary Receipts to American Depositary Receipts to raise the profile of the companies. The best things about Indian companies listed on the U.S. is that they serve almost as billboards for the Indian economy,' Shapiro said.