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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 11.99

-0.3%

Dec 23 3:53 PM EST

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To: TraderTerry who wrote (400)	12/16/1999 10:24:00 PM
From: Mohan Marette	Read Replies (2) of 1471

No dispute over IndiaWorld sites: Satyam Business Times Bureau CHENNAI: Satyam Infoway Ltd is moving ahead with its proposed acquisition of IndiaWorld Communications Private Ltd, despite reports of alleged trademark infringement by the owners of IndiaWorld.com. According to a company release here, there is no dispute regarding the Internet address www.indiaworld.com.in or the popular sites operated by IndiaWorld Communications Private Ltd including samachar.com, khel.com, khoj.com and bawarchi.com. ``There is a dispute only regarding the service mark "IndiaWorld". The company has been assured by the current owners of IndiaWorld Communications Private Ltd that no infringement has taken place to date,' the statement said. Further, Satyam Infoway doesn't believe that the disputed name or marks are material to the business strategy involving the acquisition. The critical attributes of the acquisition, from its point of view, are the Internet addresses and the related substantive content of the sites. Those are rightfully owned by the Jain group and agreed to be sold to Satyam, the company stated. timesofindia.com

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