cordially invites you to a

HOLIDAY PARTY

and a talk

“Current US Recession with Special Reference to IT Bust”

by

Mr. Lakshman Achuthan, Managing Director

and

Dr. Anirvan Banerji, Director of Research

ECONOMIC CYCLE RESEARCH INSTITUTE (ECRI), New York, NY

(In March this year, Mr. Achuthan and Dr. Banerji stunned everyone by announcing that the US, after ten years of the longest and most sustained growth in its history, had entered a recession. In the last week of November, US officially confirmed the recession of its economy)

Date and Time, Friday, December 14, 2001, 6.45 p.m.

CO-SPONSOR

NetIP-NY

PROGRAM

6.45 p.m. – Cocktail (Open Bar), 8.00 p.m. – Presentation by Mr. Achuthan and Dr. Banerji,

9.00 p.m. – Dinner

Contribution: $35 ($30 for GOPIO and NetIP members)

Place: Maharaja Restaurant

230 East 44 St. (Between 2^nd and 3^rd Avenues), New York City, Tel: 212/973-9825

(Discount parking at $6 available at the parking lot adjacent to the building)

For reservation and information, please call:

Lal Motwani 718/470-1026, Suresh Peddu 917/653-4302, Dr. Thomas Abraham 203/329-8010, Sudha Acharaya 718/523-7668, Anand Ahuja 212/859-3538, Dr. Sushila Gidwani 914/693-4219, Urmila Chandanaveetil: 212/213-1669, Dr. Parveen Chopra 516/868-8465, Bhanu Dwarika 718/426-9345, Ramesh Kalicharan 718/291-9090, Dr. Surendra Kaushik 914/762-6168, Chander Khurana 516/705-0664, Jaswant Mody 732/968-0867, Dr. Jagat Motwani 516/421-4688, Muthu Mudaliar 732/213-4275, Dr. K. Raghunathan 732/463-1220, Ashook Ramsaran 718/353-1900, D. Saran 718/845-0742, Prakash Singh 718/465-5254, Girish Vaidya 718/271-4065

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Contact: GOPIO INC., P.O. Box 1413, Stamford, CT 06904, Fax: 203/322-2233

E-Mail: gopio@optonline.net, Website: www.gopio.net