Mr. Knowitall,
Thanks for the response.

that means, my new employer has to still file for new h1 petition but, would not be cap counted. Is it not some thing like h1 transfer with change of status.. 'coz I read some where that even h1 transfer is more or less like applying for new h1 petition which is a non-cap one.. I could be wrong.. anyways.. thanks for the response...