Indian computer companies wait for 2010
Business will be pants until then
Friday, 29 May 2009, 14:05
DON'T EXPECT the Indian tech sector to rebound until 2010, the outsourcing giant Infosys has warned.
S. Gopalakrishnan, chief executive officer of Infosys, said that no one is going to spend anything until the middle of 2010.
Infosys is predicting its first drop in annual revenue, because it gets 90 percent of its sales from North American and European clients and they are not interested at the moment.
Revenue in the year ending March 31 will fall at least 3.1 percent to $4.52 billion, the company said last month.
Infosys has about $2 billion in cash, according to Bloomberg, so it probably can affort to sit tight until then.
Some analysts even suggest that the outfit might buy something in Europe in the meantime. µ
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Indian Prophets Everywhere squeal, Thats lot of 'puters to Buy, with printed moneies. Activation from India should swell. Buddy Can You Spare Dime?
Again. All that cash to spend like a drunk sailor in a brothel? And what do they do? March in step to the tune of the Thin White Duke, Ziggy Stardust himself, who opened the flood gates for the current economic problems, all thanks to his “Bowie Bonds.” Back in 1997, Bowie issued “Bowie Bonds” as a way of getting his royalty money up front. This crisis was not caused by a Polish plumber or a Bangladeshi shop worker. Party per saltire, and no shred of 'SORRY: you are no invited', Game-changing players in the UN, EU, Nato, the WTO and the G8. Bowielivia, this is your wake up call. The War on Photo Voltaic Panels, is a war which Joe Punter must win, and big silicon must lose. The gravy train appears to have collided with these buffets. You'll be underwhelmed when limited to running just three applications at a time. We need low-level tit-for-tat cheap-as-chips SOCs, and we ned them now, because running an upstart on a GPU alone is about as sensible as your grand, your mother, your dog and clowns plus world using chopsticks to eat yoghurt. You fancy an 'amen', man? Well aight. Hunky-dory.
Careful, George Bust is Satan and Barack Obama is the Christ! He is going to spend us into prosperity, take from the rich and give to the poor, and like God his words will recreate the world!
..not... god save us from blind ignorance..