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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 12.50+2.7%Dec 26 9:30 AM EST

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To: shiv who wrote (373)12/14/1999 10:40:00 PM
From: Mohan Marette  Read Replies (1) of 1471
 
Satyam eyes more Web deals, AOL rumor not denied.

Satyam sets eyes on more Web deals

Pioneer News Service/New Delhi

Satyam Infoway Ltd has said it would invest more money in acquisitions of webcentric companies like IndiaWorld.

This is investment time, said Satyam Infoway managing director R Ramraj, adding that however, expectations of IndiaWorld type of valuations can not be be met.

Dismissing speculations on a back-to-back deal Mr Ramraj said ``these will go away after our next buy-out'. He, however, did not deny whether the company was holding talks with AOL for a possible partnership.

dailypioneer.com
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