Do you see an Infosys, TCS or Wipro acquiring companies like Capgemini?
There has been some talk…. That’s like saying that I have this canoe which is quite buoyant, and so I am going to strap a leaky canoe to it and improve buoyancy further. You buy revenues, but you buy very, very troubled operations. They are troubled not only because of cost structures, but because of the employee base in their overseas operations. These are employees who don’t expect to move, they stay put. These are employees who still have cultural stereotypes about Indian managers. And these are employees who are not used to working offshore. My sense is that programmers in India have made a virtue out of a necessity and are much rigorous and much more willing to be compliant with step by step processes, which is why quality levels on maintenance projects are better. Imagine trying to retrofit that onto cultures. Instead, companies on their own are migrating to larger deals. I think where you would want to do deals is where there are some complementary skills –- things you don’t hav
