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Article: India: India will be a beneficiary of the US financial sector debacle.
- Article from:
- TendersInfo
- Article date:
- October 21, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: datta303
Venture capitalist Vinod Dham is no stranger to an economic slowdown. In the early 1980s, the man who would later be called the father of the Pentium chip told his wife he had entered the wrong profession. Dham was working with chip maker Intel Corp. in Silicon Valley, California, and his boss, Intel president Andy Grove, had told employees they might lose jobs as times were tough. In 1982, International Business Machines Corp. (IBM) infused $250 million (Rs1,220 crore today) into the company and Dham kept his job. Five years later, the US stock markets fell, he lost all his money and had to return the two plots of land he had bought in DLF City ...