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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (947)	2/29/2000 10:41:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

'Return of the Native'- Web Moguls' Return Passage to India By CELIA W. DUGGER BOMBAY, India -- During the past generation, tens of thousands of Indian engineers left home for America and many got rich -- some fabulously rich -- in the technology boom. Along the way, they became symbols of a brain drain that scholars believed was sucking the best and brightest minds out of third world countries. But an increasing though still modest number of India's biggest American success stories, whose lives are now firmly rooted in the United States, are beginning to come home to India, too, and not just to visit relatives, but also to start companies, invest their capital and indulge in philanthropy. Some of them say they should no longer be seen as proof of the brain drain, but as signs of a brain trust -- a view economists say is still overly optimistic. Even so, in an era when airplanes, telephones, e-mail and fax machines have transformed the lives of prosperous emigrants, economists say that the linear idea of a one-way brain drain is giving way to a different paradigm of brains that circulate between native and adopted countries. That pattern is now emerging in India, which watched as perhaps 25,000 of its top graduates left for the United States since the late 1960's. In the years when the technology explosion hit America, these Indians emerged as major players and now run more than 750 technology companies in California's Silicon Valley alone. nytimes.com