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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: RikRichter who wrote (1733)	5/29/1998 8:52:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 2761

Has anyone listened to NPR's comments ? This evening's MarketReport segment was very critical on getting engineers from the Indian subcontinent. Friday, May 29, 1998, 6:30 PM EST Report As Washington looks for ways to punish India and Pakistan for their nuclear tests, one option is a crack down on the numbers of Indian and Pakistani professionals allowed to work in the U.S. This is an issue that is already causing concern among American high-tech companies, as Scott Horsley reports from the Marketplace Technology desk. Horsley: "High-tech industry leaders are still waiting to see just what sanctions the U.S. government slaps on India and Pakistan. But the possibility that visas for high-tech workers from those countries could be affected has some in the industry nervous. Many high-tech companies in the U.S. are populated by engineers from the Indian subcontinent. Editor Vandana Kumar of India Currents magazine says there are some 80,000 Indian nationals living in Northern California's high-tech capital." Kumar: "Especially in the Silicon Valley, there are Indians everywhere, but in the high-tech industry there are a lot of Indians who work in this particular industry." Horsley: "When the Senate voted this month to allow more high-tech workers from foreign companies into the U.S. it specifically excluded engineers who have worked on India's nuclear program. But industry officials here say if the U.S. government wants to discourage weapons development, the worst thing it could do would be to send more engineers back to India and Pakistan. Work visas are just part of the possible high-tech fallout from India and Pakistan's nuclear testing. U.S. exports to those countries may also be restricted, and depending on the extent of the restrictions an industry lobbyist says the effects could range from painful to excruciating. I'm Scott Horsley for Marketplace."