The Myth of the New India

For Pakis, IT = making bombs to blow up planes...International terrorism

and zeemax, enough already...you were the one to bring up the ``reference to your family`` when you told us your wife wanted to be a suicide bomber....

#152 by harish_hyd

Glad you accepted the truth ... finally. I know Zia Chishti. Now he owns the TRG group as well ... look that one up too ...

And yes, sorry about the name calling. It was in response to Arjun`s reference to my family. That`s real low-down. But I did point out it was Hamidm`s terminology.

As for the Brit-bogus latest nightmare scenario show ... now playing in Leicester Square, refer to #151.

#150 by zeemax

You guys are beyond pity .... why`re you so jealous of brilliant Paki techies? Because they are better than you madrasi head-waggers? (terminology credit hamidm2).

I admit Pakis are better than Indians at IT, only this IT is not nearly synonymous with Information Techhnology. The latest news is that some Brit-Pakis have been busted for plotting to blow up airliners. Got the hint?

Also, the fact that you`ve resorted to name calling shows you`re very frustrated. Please take a chill pill and don`t expose yourself like you did not too long ago.

#147 by arjun_m

Yeah Yeah ... same ol` same ol` story. ``Power of Dreams`` (Award winning BBC Documentary ... look it up.)

This time the two Bengali kids who had hidden the chemical WMD in their home, have poured these in shampoo bottles and trying to take these on-board ...

Pathetic ....

#146/149 by arjun_m/#145 by harish_hyd

You guys are beyond pity .... why`re you so jealous of brilliant Paki techies? Because they are better than you madrasi head-waggers? (terminology credit hamidm2).

BUSINESS SUMMARY
Align Technology, Inc. engages in the development, manufacture, and marketing of Invisalign, ... It operates in the United States, Japan, Europe, Asia-Pacific, and Latin America. Align Technology was founded by Zia Chishti and Kelsey Wirth in 1997. The company is headquartered in Santa Clara, California.

Take some Burnol ...

#148 by harish_hyd on August 10, 2006 4:27am PT

Zeemax is clutching at imaginary straws...

#146 by arjun_m

Align is a Paki company like Sycamore is an Indian company..or Tibco is an Indian company.. it`s NOT...

It is worse than that. At least Sycamore and Tibco have some Indian imprint, the company Zee was trying to pass off as a Paki co. has nothing even remotely connected to Pakistan. He was either trying to be too clever by half or got it completely mixed up.

Zeemax: Anybody you know? Your wife who you said wanted to be a suicide bomber?

DM: Please tell us all again how the your buddies, the pakis, are just like us....

Mid-flight mass murder plot `thwarted`
Thursday, 10 Aug 2006 09:49

A terrorist plot to blow up planes in mid flight between the UK and the United States has been thwarted, police have said.

The Metropolitan police confirmed this morning that 21 people were in custody after being arrested overnight following the incident and that properties are being searched.

Those detained are from London, Birmingham and the Thames Valley regions, with sources suggesting that they are British-born but of Pakistani origin.

West Midlands police say that two men were arrested in Birmingham in the early hours of the morning as part of the operation and are now in custody. No firearms were discharged during the arrests, a spokesperson added.

Scotland Yard said it believed the aim of the terrorists was to detonate explosives that had been smuggled on board the aircraft in hand luggage.

``We think this was an extraordinarily serious plot and we are confident that we have prevented mass murder on an unimaginable scale,`` Deputy Commissioner Paul Stephenson of the Metropolitan police said.

#144 by zeemax on August 10, 2006 2:46am PT

Nice try but no cigar...

Align is a Paki company like Sycamore is an Indian company..or Tibco is an Indian company.. it`s NOT...

Try again...and this time, try not to clutch at imaginary straws....

#144 by zeemax

Smell the coffee Arjun_Ram Mihrumal? Are these figures good enough for you? Or do you need more Burnol?

Yaar Zee, it is you who`ll need the Burnol, and lots of it. The company which you`re cleverly trying to pass off as a Paki company, Align Technology, Inc. (http://www.aligntech.com) is actually an American company that manufactures an orthodontic product. The other Align Technologies (http://www.aligntek.com) is a Paki ``software development`` company whose web site is so amateurish that if I were a prospective client, I won`t give the company a second look.

#142 by ahmedmadani

Any other interesting comanires with pakistan on american or english bourses ?

Align Technology Inc. (NASDAQ:ALGN)

Market Cap: $375.15 Million
Revenue: 204.16 Million

Smell the coffee Arjun_Ram Mihrumal? Are these figures good enough for you? Or do you need more Burnol?

#130 by dost-mittar

(Bbabu may find this of interest too)

DM, this post may be a bit lengthy, but this subject is of mutual interest, and may contribute to some clarity of thought.

The planning of a nation`s economy, is a job which is too important to be left to common sense ... no matter how well-intentioned. Here we`re talking of the future of generations after generations to come.

The examples you quoted, would no doubt be correct. But as I emphasised before, state sector need not be inefficient or incompetent or wasteful, while I admit it turns out this way in many countries. But, at the same time, there are numerous countries which do maintain their state sectors much better and more effeciently than any private sector. One small example is the state-owned DP World of Dubai which owns and manages 19 major container terminals in the world in competition with Li-Ka Shing`s Hutchison Group.

In my own personal opinion, the success or failure of a state sector depends largely on the work ethic, which is a cultural trait. With guaranteed jobs and protection, our people regard work as an unecessary evil which is best avoided to the farthest extent. Therefore the derailing of state sectors and reverting to the carrot-and-stick of private enterprise. But again, it need not be so. If the principle is agreed, people can be educated.

Thus my stand, as a principle, is on the indespensibility of a large state sector in the nascent stages of industrialization of particularly countries like India/Pakistan.

In order to develop a firm base for global competition, full import substitution is essential. Import substitution is just not feasible economically for private entrepreneurs unless the Govt becomes a partner through tariff barriers/incentives etc., and then you end up like Ayub Khan`s Pakistan and suffer the consequences of a failed industry when, ultimately, they are `forced` to liberalise due to global trends e.g. WTO.

Japan`s example is not a good one because Japan industrialized under the umbrella of USA, as did Taiwan and Korea. But that`s a different subject. However, studying the process of value-addition in these countries is very important.

You had mentioned in your #109 about ``steel plants which `accomplished` the impossible task of producing the most expensive steel in the world with the cheapest labour, iron ore and coal...``. Well ...

Quite interestingly, I have always admired India for sticking unwaveringly with its Ambassador automobile project of 1950s technology, when by the 1960s they could easily import Toyotas for less than half the price, just as Pakistan chose to do. But if India had done that, it would not have achieved 100% deletion in its automobile sector by now (Pakistan is around the 40% mark on average). Malaysia too did exactly what India did by sticking to its Proton car project despite the seemingly nonsensical cost. It didn`t appear to be common sense at all. But all that cost was not to build a `car`. It was to firmly establish a domestic vendor network of component parts. Both were successful.

As for the service sector, it cannot be relied upon for long term growth. Firstly, service exports are captive to the whims of the foreign principals abroad who may or may not have any stake in the project itself and; secondly, the service buyers are just a few highly developed countries and any limitations arising on their end jepordises the entire economy, completely beyond the control of the exporter. On the other hand, the entire world, whether rich or poor, is a market for manufactured goods.

Just yesterday, Powergen of UK announced closure of its Indian call centres, with staff in the UK dealing with its customers instead. The firm said it was ``not prepared to achieve savings at the risk or expense of customer satisfaction``. It was apparently due to varying accents and limitations of comprehending turns of the phrase. The move cost upward of 450 jobs.

Last year, a ship off the coast of Dubai somehow managed to lower its anchor right on top of the submarine cable underneath. Resultingly, Pakistan`s entire software export/call center industry was crippled for a week (switching to satellite) before it could be repaired. Even though there`s one more submarine cable now, it would not be difficult to advertantly / inadvertantly damage both.

But the main reason why I oppose service sector is because the only value it creates is through trickle-down. Trickle down can make a strong economy stronger or recover it from cyclical troughs (USA/Japan recessions recovered through asset-price bubbles) but it cannot build durable economies from scratch.

Rgds

Re: # 141
This interesting stock for sure there is some safety built in. Insiders that uiis ghouri family hold atleast 2 million shares. so 2x1.5=3 million, total capitalization is about 25 milliom , so almost 12% is owned by family so they will do best to have better performance.If if they do not they loose , fear is key.Also interesting is some Shaid and other burki are insiders wonder is this same fellow who write in Dawn and favorite of Rajasahibs economy commentator former finance minister of our country. They have new work in Australia and company is going from 1977 under this name that is not bad.

Any other interesting comanires with pakistan on american or english bourses ? If they are please let me know, its interesting to see companies doing business in foregn countries.
Good afternoon.

Re: # 140
Friends I studied chart given by Arjun. ( here I assume he has no made`` corrections``) Its very interesting stock and and buying is going to be very exciting time. In 2000 it reached 80 dollars and it has collapsed in 2002 to 0.2 dollars. So who brought in 2000 are dead and buried 100 ft.
But one look otherway others misfortune is your fortune. Those who hold in 2002 are doing fine its 700% return in 2006. Not bad return. But companies always who are good survive this is one of story. It has respectable P/E ratio of 41.00 which is line with and higher than coolie sweat shops of India. It has been up to 2.5 dollars. I think GOP can give some work to stabilize stock. At least they can buy stock to help company. My little study says its highly speculative stock, are analyst not covering ? No forward P/E rations and no target price is bothering investment mind. But I am asking my daughter for 100 units and will report as things move. We have to understand to believe is to act. Let us see how expaks does or they just want to make cheap money in housing in Karachi/

Re: # 123

Re: # 124
Mr Arjun this company is fine. It has 530 employs. It has higher P/E than you coolie shop called wipro. The stock exchhane people shoe its competior to Wipro company. Now nice white rich people know better than you, they have listed company in american exchanges. It is going be fine co in future. Note even big companies have loss ( negative earnings now and then). It has higher P/E than wipro and Patani and all garage coolie things from Bangore. People fill this company has more potential than indian companies with tiny P/Es. You may not like but sure as wise you are you must have been purchaing stock at $ 1.5 and when it goes to $4.00 you will be rat to cash at slighest bad news. If you keep with sahares you can become ``lakhpati``. I think you are tryimng to damage company and waiting like vulture capitalist to pounce on stock and hold for 5 years and make lots of money. All pakistanies should by 100 shares to show support to pakistani company. As to believe is to act and aking my daughter to buy 100 shares. Hope many will support. Instead of marching and rioting in pakistan it better to buy and support pakistani company. its is complimentary to be mentioned as competitor to companies like Wipro, patani etc. It has proved a pakistani star company is borned on NY Satta bazzar. Hope you buy and get quick rich. You need to visit mental doctor for controlling your ``paki Hate``.
Thanks Mr.Zeemax as do not understand why experts from Pakistan in USA did not tell this factor, even I use to feel sad and use to feel there is not even company in usa by pakistani softies. Thanks for mentioning hope real test is buy 100 each and get good profit after 5 years atleast 2 to 3 times. Less than 5 years is not proper time to use this company as investment vehicle for wealth. Here indians are better they show support by buying indian companies in USA sattabazzar. Hope we pakistanis can also pass test of our belief or will have to accept cursingings by Arjun.
good day

Re: # 128

Your thinking appears similar mine. There is lot of change but still lot has not changed. I liked that you do not have contempt for your progress. I always find probvlem with left wing and do gooders is they whine lot. complaint is is ok but whining pathetic. The way they write with such comtempt is paert of impotency. I do not know why generation of
1.5 million job with good paying jobs and which are new way type of work is referred with comtempt.As with force multiplying effect about 15 million people have moved to middle class. Generally left winger do not do a damn things and if some body does they do not like as does not fit in theory. Normally their policy is to do nothing by your hands of give help to poor, also can not tolerate others helping as they want poor to starve and want law and order, revolutions which are patently cruel and hoax. They find easy way out by demanding Govt to generous with collected taxes of citizen and be devoid responsibilities. They feel marching , riots is way to do nothing, I think they do not want to improve situation as doctor`s dilemma. If patient improves doctor looses, so he should not die at same time not improve. Other thing they know only to parrot a standard ``line`` and have not even bothered to study the original documents which they quote all time. I am feeling soon party will be over for leftist due to mental bankruptcy.