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Strategies & Market Trends : India Coffee House

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To: Nandu who wrote (2937)	10/3/1998 3:32:00 PM
From: Mohan Marette	Read Replies (1) of 12475

India's Y2K Problem - Goodbye Y2K well Hello Euro. Anil: Since you own Satayam Computer Services stock I thought you might be interested in this article.Well actually anybody who is invested in software companies in India (or anywhere for that matter) who derive a sizeable portion of their revenue from Y2K related work should read this I think. Excerpt from the article-Source India Today. "Of course, the overnight loss of between 15 and 30 per cent of their business will hurt any company, but it will still not be as harsh as the impact on companies-like, say, the Rs 117.60-crore Satyam Computer Services, 60 per cent of whose revenues are Y2K-related. There are, of course, other potentially-large markets that the Y2K specialists can set their sights on so long as the demand for customised software, writing code for which is the bread-and-butter of India's software companies, doesn't peter out. india-today.com

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