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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (93)	10/21/1999 3:21:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

No target really, just playing by ear right now.May lighten up a bit between 50-60 if and when that happens.

To: SouthFloridaGuy who wrote (93)	10/22/1999 9:05:00 PM
From: Mohan Marette	Respond to of 1471

Satyam Infoway to invest 40% of ADS to bolster network KP Senthil Kumar Chennai 22 OCTOBER SATYAM Infoway Ltd plans to earmark a major portion of the $75m ADS money raised for strengthening its infrastructure network in the country. Its next thrust area will be to invest in acquisitions. In his first interview after the Nasdaq listing, R Ramaraj, managing director, \|Satyam Infoway\| told The Economic Times: "So far, the focus has been on getting the money. Now, our prime focus will be on expanding the reach and setting up an International Gateway." The ADS money is expected to get credited to Satyam Infoway's account today. As per the investment plans, about 40 per cent of the ADS funds will go in beefing up the infrastructure, 20 per cent to strengthen the portal development and 10 per cent on brand building. "We will keep the balance (30 per cent) for acquisitions in areas like Internet and e-commerce. The growth in Internet and e-commerce comes through acquisitions also," he said. The company has already set a target to expand its network from 27 locations to 40 by April 2000. For international gateway, the company is awaiting some security clearances. This would ensure better quality of service to its customers. As far as the portal is concerned, Satyam Infoway has made it clear that its focus will be on developing local contents, which should mean a 'purposeful browsing' for the SatyamOnline subscribers. In this line of business, the company might prefer to have partners in content development than going for acquisitions. "We should also attract and retain the talent. The company has an ESOP scheme for the employees. It has set aside about 8,25,000 shares (four per cent of the issue) to be allotted to the employees. Of which, about 1,50,000 shares have already been allotted," Mr Ramaraj said. Satyam Infoway was the first one to have an IP network in the private sector and was also the first private ISP. "Now, having got enough capital, we will be able to leverage on our `first' advantage. With the proposed investments, the momentum in the turnover growth will be maintained," he said. Source:Economic Times (10/23/99)