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

To: Mohan Marette who wrote (995)	3/2/2000 10:43:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT Boom time in Electronic City (At Infosys, even the canteen manager is a rupee millionaire. Welcome to India's e-revolution) E-finance: special report Randeep Ramesh Saturday February 26, 2000 Drive along the dusty four-lane highway towards Chennai from India's computer capital, Bangalore, and about 10 miles out you will be struck by the sight of gleaming towers and concrete curves of Electronic City. Home to some 80 companies, Electronic City is the centre of India's silicon plateau. This patch of land - most of it encased in walls and littered with banners for commercial giants such as Oracle and NTT - is the epicentre of an economic earthquake that is shaking the subcontinent. Polite conversation revolves around how to make, when to make and who is making money from the internet. The big banks, like ICICI, have plans for online customer services. All the advertising in the pages of mid-market Delhi tabloids have been bought up by a financial website, sharekhan.com. The upstarts and corporates target the new, moneyed, consuming class of some 200m - more buyers than live in any one European country. And a sizeable number of them are becoming rich on the back of India's new economy. Software is modern India's spice. The industry will be worth œ2.5bn in exports this year - and in three years should top œ12.5bn, making up nearly a quarter of the subcontinent's output. The country's most precious resource is its people. The pool of highly educated, English speaking IT professionals so impressed Microsoft's Bill Gates in 1997 he proclaimed that India would be a software superpower and promptly awarded the first Microsoft professorship outside the US to Delhi's Indian Institute of Technology. The stock market values each employee of Wipro Technology, one of India's computing darlings, at œ1.9m. Foreign companies have rushed into silicon plateau: Novell opened their R&D centre at Bangalore nearly four years ago; the operating system for Oracle' s NC was written in Bangalore; European software company Baan has headquartered its R&D operations at Hyderabad. The tide of colonisation of the Indian computer industry is now over and a generation of home-grown talent is emerging. Most have taken their cue from California's silicon valley - where a quarter of start-ups are run by Indians. Others have read of the exploits of Pavan Nigam, rated by Netscape's Jim Clark as the "best programmer he had ever met"................ newsunlimited.co.uk