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This is the second Quarterly earning report for Excelan after it had gone public. Back then, companies printed and mailed quarterly reports to all share holders.

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1987 started with a bang. The stock market had been surging. Dow crossed 2000 for the first time. Microsoft and Sun MicroSystems had gone public in 1986.

By the year 2000, having an Indian boss in Silicon valley was finally seen as a normal thing. At Excelan in 1985, I used to joke about the world turning upside down when an Indian had become a chief and all the chiefs were Indians!

I had this cover etched for posterity.

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DOT Hatao, Desh Bachao: Get rid of the Dept of Telecom to save the country

This was my clarion call to reform telecom sector. PM Vajpayee after taking the oath for the office in the fall of 1998 talked about IT as India’s Tomorrow. I got inspired and requested a meeting. In that meeting I told PM that if he thinks IT industry is India’s future then he has to do a couple of things quickly. A strong industry can not be built on a third world telecom infra-structure that India had at the time. I also told him that he also has to allow a VC industry to emerge in India.