Hi Amol,
From my basic knowledge of Basic Stamp II, I used PBasic2 when I programmed it long time back. Are you looking into LabVIEW interfacing with Basic Stamp and something like that? I found this document at parallax.com which you may find useful.
http://www.parallax.com/dl/sw/LabviewBS2.pdf
Regards,
Sastry V
NI.
Sastry Vadlamani
RF Principal Software Engineer
Aerospace and Defence BU
National Instruments
Certified LabVIEW Architect