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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (3533)	1/22/1999 11:10:00 AM
From: Sam Citron	Read Replies (2) of 12475

Sure, Mohan. WSJ says this re Infosys: "N.R. Narayana Murthy, chairman and managing director of the Bangalore, India, software and consulting concern, says his company is monitoring market conditions "almost on a daily basis" in preparation for listing ADRs on the Nasdaq Stock Market. "We are fully prepared; everything is in place. It's now just a question of pressing the button when the market is more conducive," says Mr. Murthy. People familiar with the listing say they expect the ADRs to start trading during the first quarter of 1999. The company will attempt to confirm investor demand for its ADRs by watching the market for initial public stock offerings as well as price-earnings ratios for comparable Nasdaq-listed companies, says Mr. Murthy."

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