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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (48956)	2/25/1999 5:36:00 PM
From: Michael Bakunin	Respond to of 132070

Indeed, this is about India, one of the few things on which we appear to agree so far. Which is why I own JFI long, but have puts on Intel. I think India's prospects are better; India has problems, too, but I don't think overcapacity is among them.

To: BGR who wrote (48956)	2/25/1999 6:28:00 PM
From: Monish Shelat	Read Replies (2) \| Respond to of 132070

BGR, I remain optimistic on India and am long the Indian market both through IFN and shares in select Co's in India. However, do not share your enthusiasm for any massive buying of computers for the next 2-3 years. Remember, India did not get hit by the Asian flu, but growth is 5-6% only and the manufacturing sector is still not doing too well Even if there are purchases of computers, I have trouble seeing Indian companies lining up to buy P3's or even high to mid range P2's. And definately don't expect the big boxmakers like IBM and Compaq to be big sellers. Think more of Wipro et al, with their connections to get the contracts. Monish