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To: fedhead who wrote (132950)	10/16/2001 2:17:22 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>Here is another list of companies which should do well NVDA, USPH, ADVP, CPRT, BVF, CYTC. Anindo, a very nice list. I must commend you. I did short NVDA not too long ago and gave up after I realized after its last split, it was another 800ib gorilla.

To: fedhead who wrote (132950)	10/17/2001 1:38:01 PM
From: H James Morris	Respond to of 164684

>17 Oct 00:32 BOMBAY (Dow Jones)--Foreign institutional investors have increased their equity holding in Infosys Technologies Ltd. (INFY) to 34.61% at end-September, up from 29.15% in April, reports the Business Standard newspaper. The cap on foreign institutional ownership is 49%. Equity holding of owners in the company declined marginally to 28.92%, from 29.15%, in the same period, the report said. As of end-September, financial institutions including mutual funds and the Unit Trust of India held 10.11% equity in the company. Other shareholders of the company, including the Indian public and Infosys employees, owned 26.36%, the report said. -By Dow Jones Newswires; 91-22-2884211; djn.in@dowjones.com

To: fedhead who wrote (132950)	10/18/2001 11:25:45 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Not many people are interested in this Nadaq listed ADR because it trades at more than a 50% premium over the Bombay price of the corresponding shares. (If you buy the stock on the Bombay stock exchange, when you sell it you won't be allowed to convert the proceeds into dollars.) Also, software companies are not taxed in India and sooner or later that must change. So seeing that the price is unreasonably high and the earnings also, why touch the stock? Because it may grow to be the largest software house in the world. They are the leading such company in India. The price advantage of using them is about 8 to 1, I estimate. It's scary if you are running such a company in the industrialized world, trying to compete with them. As communication gets more ample(visual images in a conference call, for example), their advantage will increase. Annually, for every 60 applicants INFY hires just one. They get, naturally, top people. Their salaries, equal to about $500 per month, are high by Indian standards. A negative for the stock is the backwardness of India, which may somehow grievously harm them in the end. I don't want to elaborate fancifully but if you have lived in a poor country you will know what I mean. Most stocks that are high risk are also low reward in my experience. This one looks like the genuine high risk high reward stock, by which I mean that the possibilities range here from losing 90% of your money to octupling it in a decade.