Net Losers.WHILE LATIN AMERICAN INFORMATION TECHNOLOGY COMPANIES caught a chill during the April showers in the U.S. high-tech market and Nasdaq, Goldman Sachs' index for these companies still beats the pants off the regional corporate index and the Standard & Poor's 500. Further, Kent Hargis, a Latin American investment strategist for Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , says the region's information technology companies are being "inappropriately punished for their Internet element." While all of the LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. e-Watch companies have online operations, the predominantly old-fashioned telephone companies still outweigh the 100% New Economy entrants such as Terra Networks Terra Networks, S. A., usually referred to as "Terra", is an Internet multinational company with headquarters in Spain. Part of Telefónica Group (the former Spain's public telephone monopoly and now one of the most important telecommunications companies in the world), Terra , El Sitio and StarMedia Network. Perhaps, investors are worried about what even a small Internet operation can do to a traditional company's bottom line. Last year, pure Internet companies crowded the cellar, racking up impressive losses on puny pu·ny adj. pu·ni·er, pu·ni·est 1. Of inferior size, strength, or significance; weak: a puny physique; puny excuses. 2. Chiefly Southern U.S. Sickly; ill. sales. |
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