Monday, February 07, 2005
The new kings of capitalism
Wonder how many kings capitalism will have :P - one seems to be turning up almost every day, these finance journalists have an obsession with the grandiose - they trumpet anything and everything that they can lay their hands on as the next kingy thing. But still, a beautiful article on private equity in the Economist: The new kings of capitalism
The Drexel Alumni
Many of the alumni of Drexel Burnham Lambert today hold top positions across Wall Street. A nice article in the New York times about how the alumni still have fond memories of the time when they used to shake up the financial world: The Drexel Diaspora
Most of the junior bankers chose Drexel over other top-flight banks. They picked it because they thought they could learn more, advance faster, make more money and - corny as it sounds, even on Wall Street - become part of history.
Many former Drexel employees speak glowingly of Mr. Milken. "He's so brilliant, it's like getting near the sun," Mr. Wagner said.
"There's a difference between being very competitive and can-do, and winning at all costs, all costs is costly."
Most of the junior bankers chose Drexel over other top-flight banks. They picked it because they thought they could learn more, advance faster, make more money and - corny as it sounds, even on Wall Street - become part of history.
Many former Drexel employees speak glowingly of Mr. Milken. "He's so brilliant, it's like getting near the sun," Mr. Wagner said.
"There's a difference between being very competitive and can-do, and winning at all costs, all costs is costly."
Friday, February 04, 2005
Global IT industry structure
The computers hardware and software market is worth $1 trillion, the telecom market is worth $1.3 trillion and electronic goods market is worth $300 billion dollars.
Article based on a talk by Prof. Nik Dholakia at XL: 'India poses a nebulous threat to US'
Article based on a talk by Prof. Nik Dholakia at XL: 'India poses a nebulous threat to US'
India's IT Industry to cross 1 lakh crore in 2004-05
India's IT industry is likely to exceed 1 lakh crore (approx $28.3 bn) in turnover in 2004-05. The ITes segment will grow at approx 20% (up from 18%), the IT services and software segment will grow at 58.8% (down from 59.3%) and hardware at 21.2% (down from 22.4%). Presently the ITes and the ITS segments contribute over 78% of the turnover. Further, increasing from the present 3.5% contribution to the GDP, IT will contribute over 4% of GDP in 2004-05 fiscal.
Article in the Hindustan Times: IT industry to cross Rs 1 lakh cr in 2004-05
Article in the Hindustan Times: IT industry to cross Rs 1 lakh cr in 2004-05
Thursday, February 03, 2005
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