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Technology Stocks : iGATE(IGTE) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (373)	3/11/2000 1:31:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 380

OT Nasdaq devours another Indian-American venture By Richard Springer OAKLAND: The IPO of Versata Inc, co-founded by Indian-American Naren Bakshi, was hugely successful as the stock soared on Nasdaq (from 68-3/4 to 92-3/4), increasing the net worth of some 60 Indian investors in the US and India by at least $1 million each. The stock was the second biggest gainer on Nasdaq and the second best IPO for the week, beating the rise of 3Com's much-heralded Palm IPO by 287 per cent to 150 per cent. The stock backed off 21-1/2 on March 5 to 71-1/4, but even at that price the minimum investment of $25,000 made by some Indian investors in the San Francisco Bay Area, Chicago, Cleveland, Philadelphia, New Jersey and in India was still worth over $1 million, Bakshi told the California newspaper India-West . About 176 employees also became instant millionaires, he said. timesofindia.com