Webtek does our high-end software development and is a jewel in the business. It has been a center of excellence to provide cutting edge e-commerce solutions for us. Increasingly, that domain knowledge is being used for other companies. In the long term, Webtek may be spun off. New Economy is largely dependent on equity or quasi equity products.
Straight debt is a bit out of fashion, but structured equity linked debt is the new force.
Internet will give consumers a tremendous choice and will force businesses to be more efficient. Those that fail to adapt will perish. In India the spotlight at present is on ICE stocks. India follows the west on everything, so nothing new here. Pharmaceuticals and biotechnology will be hot in a few years.