6 AM Pacific

Thomas Weisel Shutters Discovery Research

Last week Thomas Weisel Partners announced that it is shutting down its small cap research offering, Discovery Research. The 8-K filing says

Thomas Weisel Partners Group, Inc. (“Registrant”) announced today that it would discontinue its Discovery Research coverage of U.S. equities. That coverage is being discontinued as a result of the recruitment of key Discovery Research personnel to BNP Paribas Securities (Asia) Limited, a BNP Paribas affiliate. Thomas Weisel Partners is pursuing its legal remedies in connection with these departures. Discovery Research, a subscription-based research product, was produced out of Thomas Weisel Partners’ office in Mumbai, India. Thomas Weisel Partners intends to continue to conduct other business and operations through its Mumbai, India office.

There are two different reasons why I find this news interesting. More »

How Will IT Services Fare in the Coming US Recession

Most commentators put a high probability on the US going into a recession. What began with a problem of imprudent housing loans in the US has snow balled into a crisis for the Financial Services industry and an almost certain slowdown in consumer spending. How this impacts the Indian IT Services industry requires some analysis. More »

Contaminated Food

The ongoing saga of contaminated toothpaste and food imports from China into the US is in its third month but is far from over.

For those of you who haven’t heard about it here’s what’s been happening.

In October 2006, at least 100 people in Panama died from cough syrup contaminated with diethylene glycol, a poisonous low cost substitute for glycerine. In May 2007 the contaminated glycerine was traced back to its Chinese manufacturer Taixing Glycerine Factory. The same month, the US FDA issues guidance to the industry to test products containing glycerine for diethylene glycol. On June 8, the FDA issued a ‘toothpaste FAQ’ for the general public. More »

The real deal with offshore captives

Recently Forrester Research released a report that says that offshore captives, which have been much in vogue for the last three years, are “imploding”. A blog post here makes for interesting reading, especially the comments. More »

The H1-B visa program needs a revamp

This year the INS received 150,000 H1-B visa applications for the coming year starting in October, on the first day that it started accepting applications - for a total of 65,000 visas! An article in the New York Times takes a look at the issues surrounding this. A table from the same article reproduced below gives you the breakup of the visas requested by company. Indian IT Services companies are the only companies at the top of the list.

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Offshore Backlash Redux

It’s back. With the Democrats in Congress and soon perhaps in the Whitehouse and an economy that most think will turn sour soon, it is almost the perfect storm. Trade in services, fondly called “offshoring” is back on the front pages and it bodes ill for global business. More »

Platform BPO

A few years ago, I wrote a piece on Rediff titled “Who Needs Software Products”. The Rediff business editor at that time added “…Services are Prime” to the title and totally took the punch out of it, but that’s a different matter (one of the reasons I decided to do my own blog!)

Anyway, in that article I posited the following: More »

Wanted: VCs for a Flat World

India is a hot venture destination. My earlier post about TiEcon Delhi talks about the excitement I could sense amongst both the entrepreneurs and the VCs at the conference. In the same post, I also outline how I think the venture scene in India will play out – very different from what it looks like today in the US. Much of the VC community does not realize just how different it will be and is leaving big underserved gaps in the market.
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Tech Blowback

Heard this really interesting anecdote from friends at Infosys.

Infosys’ Enterprise Solutions group implements ERP and other packaged software for their clients. Infosys also does ongoing maintenance for software companies on their packaged software. Sometimes ongoing maintenance involves what is called Level 3 support where a software developer needs to take the call from a user because it goes into detailed technical stuff.

So the story goes like this. Infosys ES while implementing a package for some client in the US encountered a problem with the software that they needed help with before they could proceed. They talked to the client who told them to call the software vendor’s help line. The Infosys consultant in Pune then calls the vendor’s toll-free number. He starts talking to the guy at the other end. He’s getting this echo on the phone. He walks towards the voice and lo and behold, the guy on the other end of the phone is right there in Infosys Pune on the same floor!

The Future of Business English

If you are in India you probably hear the phrase ‘Tell me’ many times a week from someone who just answered your call. The phone conversation goes something like this. ‘Hi, this is Basab.’ The other guy says ‘Oh hi Basab. Tell me.’

‘Tell me’ is a literal translation of ‘Bolo’ in Hindi or something equivalent in other Indian languages. This is a uniquely Indian phrase. Good English would require ‘Tell me’ to have an object at the end of it. Like ‘Tell me why’ or ‘Tell me something’. More »