IITian is Bell Lab chief
New York: An IITian, Arun Netravali, is to be head of Bell Labs, one of
the world's most respected research and development organsations with some 30,000
inventions to its credit. Mr Netravali is at present executive vice-president, research,
at Lucent Technologies, which owns Bell Labs. The
incumbent at Bell Labs, Dan Stanzione, moves to Lucent Technologies as advisor to its
chairman and chief executive officer Rich McGinn.
Mr Netravali, 53, will report to Mr McGinn. He is one of
the world's leading experts in multimedia communications and holds some 60 patents and has
authored several scientific papers.
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Deshpande is richest
US-Indian
San Francisco: Gururaj "Desh" Deshpande, chairman and founder
of Sycamore Networks, is the richest Indian entrepreneur in the US. This follows the
spectacular run of Sycamore on the Nasdaq where its shares are quoted at $270 on an
initial public offering price of $38. Mr Deshpande has a 21 per cent stake in the company
and owns shares worth about $3.02 billion.
Mr Deshpande, at this worth, is not only the richest
Indian-American entrepreneur, but may be the richest Indian as well. The Forbes
magazine had named Azim Premji, chairman of Wipro, as the richest Indian in September 1999
with a net worth of over $2.8 billion. Mr Premji, with Wipro stocks appreciating, may now
be worth $3 billion, but Mr Deshpande, with Sycamore shares moving above $270 per share,
may have a net worth of over $4 billion.
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