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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (2881)	9/27/1998 6:44:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Chief Minister Naidu 'YOU DA MAN' - Cyber Surge in Hyderabad,oops Cyberbad. Sunday September 27, 5:36 pm Eastern Time Top infotech firms in Hyderabad's cyber surge By Syed Amin Jafri HYDERABAD, India, Sept 27 (Reuters) - Around 30 information technology companies including several industry leaders based in the United States have offered to set up operations in the southern Indian city of Hyderabad, officials said on Sunday. Chandrababu Naidu, chief minister of the state of Andhra Pradesh, who was on a fortnight-long investment-shopping visit to the U.S., returned on Sunday to the state capital, and said his visit was a big success. Naidu said in a statement that Bill Gates, chairman of Microsoft Corp (Nasdaq:MSFT - news), had ''committed himself to the development of Hyderabad as a major development centre in the region.'' ''Microsoft would exercise the option of establishing an independent Microsoft Campus soon,'' the statement said. ''The centre could possibly grow to 1,000 to 2,000 professionals within three years. Gates would visit India in the year 2000,'' it added. Microsoft has already opened a development centre in Hyderabad, the first one outside its home base in Seattle. Hyderabad is sometimes called ''Cyberabad'' following Naidu's passion to boost the industry which he says will play a key role in increasing jobs and income in the sprawling state. The statement said Cisco Systems (Nasdaq:CSCO - news) had offered to work out a blueprint to provide fibre optic connectivity in Andhra Pradesh, which is implementing a plan to link up all its district headquarters through an information technology network. It said the state government had signed a memorandum of understanding with International Business Machines Corp (IBM) (NYSE:IBM - news) to set up a Centre for Electronic Government in Hyderabad. Hewlett-Packard Company (NYSE:HWP - news) had agreed to establish an HP laboratory as part of the state's Indian Institute of Information Technology (Triple IT) coming up in the city, it said. ''General Electric (NYSE:GE - news) said it was considering investing in IT-related back-office operations,'' the statement said. Naidu said Intel Corp (Nasdaq:INTC - news), the world's leading microchip maker, had shown its willingness to participate in the information technology institute and also a project to introduce computer education in secondary schools. ''The Intel chief executive officer will visit India in October and hold discussions on setting up operations in Hyderabad,'' the statement said in a reference to the planned visit of Craig Barrett. Lucent Technologies (NYSE:LU - news), had assured that it would consider establishing a high bandwidth data communications backbone in the state, the statement said. ''Other proposals discussed with Lucent include the setting up of a software development centre and a research and development centre in Hyderabad and establishment of a school focussed on telecommunications in the Triple IT,'' the statement siad. The statement listed Sun Microsystems Inc (Nasdaq:SUNW - news), Motorola Inc (NYSE:MOT - news) and Oracle Corp (Nasdaq:ORCL - news) among other firms showing an interest in doing business in Hyderabad. ''Teledesic promised to set up operations for data access in remote locations,'' the statement said in a reference to the privately-held satellite communications firm. During his visit, Naidu met a galaxy of leading figures including Gates, IBM chairman Lou Gerstner, World Bank president James Wolfensohn, GE's chairman Jack Welch and Scott McNealy, chairman of Sun Microsystems. ''The World Bank president evinced a keen interest in the Vision 2020 (year) document being formulated by Andhra Pradesh....'' the statement said. biz.yahoo.com

To: Mohan Marette who wrote (2881)	9/27/1998 7:15:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

Mohan: I would be a little nervous to have a brokerage account in India, simply because I have to go by the recommendations of the local broker without knowing the fundamentals of the stock. JPR

To: Mohan Marette who wrote (2881)	9/28/1998 12:29:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 12475

Mohan - Be careful trading in the Inidan markets. There are many erquirements and pitfalls that u may no tbe aware of. 1. to buy or sell shares u need to sign form for each 100 shares 2. your broker has to collect money from other broker. no auto credits / debits 3. if your broker cheats you, you really have no place to go for your grievances. and u cant do it from here. your relatives are not going to run around the bureaucracies. 4. if your broker gets into trouble with the income tax people, they can confiscate all the shares in their premises (including yours) and you may not get them back for 10 years or more. meanwhile the co. or its stock may go kaput or the exchange rate may turn all your profits into losses. 5. Unless you invest in well established cos., there is a lot of fraud in new cos. where they go public, use the money to start and fund private cos. Again u have no recourse ratan