Just Rolling Along….

Hi folks…

This happens to be my first post in “Voice of Sree Buddha”.

A novel idea of a campus blog is fabulous and I must cheer all the brains behind this great venture. And here is Vishnu R Sharma, an alumnus of SBCE, CSE (2003-2007).

As we all know, blogs are now the strongest medium of communication and I am happy to be in touch with you all through our campus blog. With all your consent, I am starting my part in “vosree” with my post named “Just Rolling Along…”

When looking back, those four years in SBCE are the most precious moments in my life. While typing this, my mind is trying to recollect all that shaded days. But in today’s edition of my post, I am not going to tell you anything regarding my college days.

Here I am going to share a serious problem the World is facing now and as you all are budding techies, you must be aware of this. Every one came to know about the Subprime crisis in US and its repercussions in World economy through news already. Lets look what it is…

The subprime mortgage crisis is an ongoing economic problem characterized by contracted liquidity in the global credit markets and banking system. An undervaluation of real risk in the subprime market is cascading, rippling and ultimately adversely affecting the world economy. The crisis first hit home prices, then mortgage investments that financed the housing boom, has now claimed two of Wall Street’s most venerable names – Lehman Brothers who declared bankruptcy and Merrill Lynch which sold itself to Bank Of America.

The crisis at two iconic organizations could have come at a worst time for the Indian IT majors already reeling under slowdown in their biggest market US. The US financial market crisis is only likely to add to the troubles of Indian tech majors.

As the heat of global slowdown spreads, several players in the IT and ITeS sector have modified recruitment policies, keeping them in sync with the changing market conditions and their pockets. The confidence level in the markets is low compared to the levels that existed three years back. It is very difficult to forecast where the markets are headed in the recent future.

So here are some Survival tips as suggested by HCL tech CEO Vineet Nayar.

· Join the right company, not the one that pays you the most

· Invest in skills and competence on your own

· Work hard to improve your skills and try to attain new skill sets.

· Have patience, the good times will return

· Be confident

Hope for the best……See you again….

Vishnu Sharma -19 Sep 2008

http://22cybertown.googlepages.com