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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: BigJake who wrote (11498)	5/12/1998 1:22:00 PM
From: SOROS	Respond to of 13949

Dear Nanda, The fallout in Y2K has been unmerciful. Enough levity -- this correction has really hurt! Why don't these governments and private companies get off their egotistical, self-serving, pompous, ostrich-behaving butts and address the problem like it should be???? When a tragedy hits, they will lay the blame elsewhere. I remain, SOROS

To: BigJake who wrote (11498)	5/12/1998 1:30:00 PM
From: megazoo	Read Replies (1) \| Respond to of 13949

<Wouldn't that increase opportunities for US and Canadian Y2K players not using Indian off-shore resources?> people can think whatever they want, but i will be waiting tomorrow to grab CBSL and SYNT at firesale prices. it's not like the American Y2K programmers are out of work. It's more like this nation's economic growth will come to a sweeping halt if Y2K is not resolved. Just today Ameritech said it will take 250 Million to fix its Y2K problem. This is height of the market at its inefficient best. My advise to you (not you, BigJake, per se) would be not to buy today. The climax will come tomorrow. You probably can get CBSL at 19 and SYNT at 20. And then you close your eyes and think the following: Capitalism reigns supreme in this country. Compared to the calamity that Y2K will bring to the nation, by way of ECONOMIC - that is green dollars in plain English - slowdown, this issue of Indian nuclear test will be considered a bed of roses. biz.yahoo.com ''U.S. business interests need Indian software programmers,''... ''U.S. companies are not doing charity to India by giving software orders,'' ... you make the call.

To: BigJake who wrote (11498)	5/12/1998 8:57:00 PM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 13949

Re.: Wonder if trade sanctions are also possible that could prohibit business with India over the nuclear blasts? It is possible. I posted in CMND and CBSL threads about the political nature of the nuclear blasts and why the off-shore software biz may not be affected (just my opinion). Institutional money already got out of the stocks quickly as usual. Sell first, ask questions later. More about the issue - The party (BJP) that came to power in the recent election promised a list of actions (agenda) they will take, if they were voted to the office. Somewhat similar to the Contract with America that Republicans used a few years ago. One of the items on their list is India should be free to pursue nuclear testing and options (I do not know the exact words). The problem was that this party did not win a majority in the Parliament to form a stable government. They put together a coalition govt. with parliamentarians from several political parties. Somewhat similar to Israel where a coalition of several parties is needed to hold the majority. Now, this party is showing to the people of India that they will do what they promised to do. With the nuclear blasts done, they checked off one item on their list. They will go to other items on the list, with the hope of building confidence in their ability to deliver their promise. It is all political. I think that the nuclear blasts sent a wrong message to other countries, at a time when economies are becoming interdependent in the global sense. Hope the setback in stocks (CBSL, SYNT) is only temporary. Ram