Satyam Infoway Ltd-(Nasdaq:SIFY) Message Board

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

SIFY 11.62

+0.6%

Oct 31 9:30 AM EST

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To: Nandu who wrote (1434)	6/9/2000 9:45:00 AM
From: IngotWeTrust	of 1471

Thanks, Nandu! Also found in same URL: upside.com Any more information available on Merrill's SIFY report referenced below??? Thank you! <snipit> "E-commerce conundrum The performance of Rediff's IPO will greatly hinge on how investors view the developing world of Indian e-commerce. Merrill Lynch recently boosted its rating on the stock of Satyam Infoway to buy (and its 12-month target price to $61) citing Satyam's diverse revenue streams. The ISP shouldn't expect earnings from e-commerce activities for some time, according to the brokerage. However, earnings for subscription fees, corporate services and b-to-b work look more promising. As a result, revenue could hit $58 million this fiscal year, a jump of nearly 50 percent over last year. Satyam, which Merrill Lynch says should dominate India's Internet space in the years to come, went public in October on the Nasdaq. Its shares fell flat with investors. But they did reach a high of $113 in February. The company now trades near $29. <snipit> O/49r

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