How have midcap technology stocks gone down; NIIT Technologies [Get Quote], Hexaware Technologies [Get Quote] and even 3i Infotech?
I think that the technology companies are doing pretty much what would happen whenever a situation arises, whether it is an overflow of orders from the large companies to the small companies. But after Infosys Technologies results; where they were able to surprise the market, the question that needs to be answered is if the large caps can surprise on the upside, why to waste time and try to figure out what is going to happen in some of the smaller companies. They are not that expensive, so probably one is safer at a stage in the market to just be in the larger companies where the visibility is clear and where their ability to withstand any shocks, especially in terms of costs is also a lot better. Given again the situation where we apparently now have a shortage of manpower, easily one needs to have companies, which are marked in names because they will be able to attract the best new talent that is coming into the market. The smaller companies will probably find it difficult to manage