Can you please explain what CTS stands for in this context? On Sun, Feb 1, 2009 at 2:05 AM, raghavendra chary <[email protected]>wrote:
> On Sat, Jan 31, 2009 at 2:20 PM, Zubin Wadia > <[email protected]<zwadia%40gmail.com>> > wrote: > > > Raghu, > > > > That's the 12 Trillion $ question. I honestly don't know the answer. > These > > are unprecedented times. > > > > Also, keep in mind that "downturn" in the IT industry is only subjective. > > > > Out here in the US: > > > > - Healthcare IT is going to get serious investment from the Government > for > > Electronic Health Records. > > - Government Agencies are going to see = or better budgets in 2009-2010 > for > > IT spending because it is understood that IT is beneficial to running a > > more > > efficient operation. > > - GreenTech will continue to move along - smart power grid management > > systems, solar power, battery technology - all are getting healthy > > investment. > > > > If you look at India specifically, you will notice that companies like > > Citigroup and Sony are either selling their BPO units or outsourcing > their > > technology operations. Sony will be outsourcing $100M in contracts this > > year > > alone - TCS is in the running for them from what I have read. Add GE, > Citi, > > BritTelecom, Nokia and BankOfAmerica to that pile and you are looking at > > $4BN. That's not insignificant. > > > > Additionally, in the event TCS/Infosys/Wipro/HCL/Cognizant/Satyam start > to > > really feel the pinch - the right thing to do would be for the Government > > of > > India to step in and leverage their excess capacity and skills to > > fast-track > > some public service projects. There are no shortage of aspects IT can > > improve for India. Cloud Infrastructure for a billion person > constituency? > > I > > like the sound of that. > > > > So, yes, the news is overwhelmingly negative - but the media loves to do > > that. The reality is that our industry is trimming the fat and "leaning" > > out > > their operations. The day you see 50,000 person companies shrink to > 10,000 > > person companies that then merge or get acquired - is the day you really > > should panic. Fortunately, I don't see that day in the near future > because > > IT remains essential. > > > > Cheers, > > > > Zubin. > > > > > > > > Thanks,Zubin > > For your valuable analysis !!! > as far as my knowledge goes we should remain optimistic hoping for the > better > and what about CTS ?? > > Raghu > > [Non-text portions of this message have been removed] > > > [Non-text portions of this message have been removed]
