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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (4803)	6/30/1999 9:33:00 AM
From: Mohan Marette	of 12475

Wipro plans initiatives to outpace industry The company wipro.com ============================ Date: 6/30/99 3:41:22 PM (Source:Probity Research) According to reports, Wipro plans to outpace the industry by focusing on e commerce, systems software and telecommunications. The initiatives include expansion of software development centers at Bangalore, Hyderabad and Chennai, formulation of a comprehensive strategy to exploit e-commerce, encashing retail and utilities related opportunities to offer systems integration solutions. The company has appointed Morgan Stanley for corporate restructuring and a possible NYSE listing. Post Y2K (which constitutes about 7% of the company's FY99 sales), the management is confident of exploiting Euro and Internet related businesses. In BSE today, Wipro was trading at Rs4117 up Rs12.5 since yesterday's close.

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