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Strategies & Market Trends : India Coffee House

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To: Nandu who wrote (5147)	7/16/1999 1:07:00 PM
From: Mohan Marette	Read Replies (2) of 12475

India Infosys says unaware of cause of ADR rise BANGALORE, India, July 16 (Reuters) - Indian computer software firm Infosys Technologies Ltd (Nasdaq:INFY - news) said on Friday that it was not aware of the reason behind the rise in its American Depository Receipts (ADRs). Infosys is the only Indian company listed on Nasdaq. ''Other than the earnings release issued on July 9, 1999, the company is not aware of any new development that might be affecting trading activity,'' said N.R. Narayana Murthy, chairman and chief executive officer of Infosys in a statement. biz.yahoo.com

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