Satyam Infoway Ltd-(Nasdaq:SIFY) Message Board

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

SIFY 11.69

+1.0%

2:27 PM EDT

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To: Mohan Marette who started this subject	8/22/2001 7:43:48 AM
From: pinebox	Read Replies (1) of 1471

Annual Mtg held August 2, 2001 Record Revenue Growth Big Losses A few acquisitions Internet Cafes launched in 5 PoPs...12 more scheduled Co-Branded AOL's IM "Bagged" several prestigious international web design and content awards. Saw major loss in ISP pricing power for services Ask shareholders for permission to dilute by 1/3 by authorizing new authorized shares for issuance in order to pursue more acquisitions. Seem to pay heavily for goodwill when they buy others...don't understand the accounting advantages of that practice frankly. Stated they have a firm grip on the "path to profitability" -- I don't see it frankly. These are the points that stuck in my mind as I waded through the Annual Meeting and Consolidated Financial Statements Circular, just received in the mail. Comments anyone...besides the obvious that is?

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