Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mohan Marette who wrote (183)	11/16/1999 11:10:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Analysis of quarterly results - Source SIFY Analysis of Quarterly Results: During the quarter ended 30th September 1999, the turnover of the company has increased by 616% compared to relevant period for the previous year. There has been steady growth in the turnover compared to that of the previous period, the details of which are shown in the following graph During the period under review, the company incurred a loss of Rs.76.91 million after providing for depreciation and amortization of Rs.10.94 million and Interest provision Rs.5.91 million............ Internet Access The company has during the quarter ended 30th September 1999 expanded its base by launching Internet Services in various parts of the country. As on 30th September the company offers Internet services at 27 cities throughout the country. The company has a little over 87,000 Internet subscribers as at the end of September 1999. The company has tie-ups with computer and peripheral manufacturers like Wipro, Vintron, HCL, Compaq HP etc., by which SatyamOnline Internet connections are bundled with PCs and printers. The company launched a novel scheme for the first time in the field of education - bringing the first virtual university of India. The company has tied up with Indira Gandhi National Open University (IGNOU) helping them with their Project VCI (Virtual Campus Initiative). With this students of IGNOU will be able to access information from the Web as well as obtain courseware and interact with the faculty, peer groups and external experts. The growth of subscribers to the Internet Access business has been growing consistently the details are available in the following graph Electronic Commerce The company became the first in India to provide Frame Relay services on the ATM Backbone. With Frame Relay services, business with multiple locations across the country can have point-to-point dedicated virtual circuits which support multiple protocols with guaranteed bandwidth, irrespective of the traffic. The advantage of this service is that it does not require a physical line. This service is expected to revolutionise the whole concept of WAN in India besides ideal platform for businesses running multi-critical applications like ERP packages, Intranet and database applications. The response for the Electronic Commerce continues to be encouraging and the company has bagged good orders from reputed organisation across the country. The company has launched a new value-added messaging solution called "Smart Connect " which is set to revolutionise messaging scenario in India. Smart Connect has been positioned as the one-stop solution to a company?s messaging needs at a fixed investment per user per year for unlimited messaging and is a service offering which utilises Lotus Notes Mail and runs on the Satyam:Net. Internet Portal The company's portal SatyamOnline went ahead with a new look venture, keeping in mind the varying requirements, of its browsers. The new look is targeted towards providing wholesome value to the visitor in order to take steps towards making SatyamOnline.com as the first port of call on the web. New sites like Polit-Ex, Boxoffice and other unique and novel sites were launched to enhance the popularity of the channels. SatyamOnline portal now gives a unique free mail ID to each user and it is expected to be a great success. With the addition of several new sites as well as the revamping of sites on the page the traffic to the channels apart from the portal site has increased considerably during the quarter. The page views to our portal and its channels has been increasing consistently and was around 12 million for the month of September 1999. During the period under review, the company has introduced a new advertising effectiveness measuring model which enables the advertisers on the Internet to measure the number of times the advertisement appears while browsing the Net (called impressions) and pay only for that exactly. This measuring model is a globally accepted technique to help businesses that advertise online. This solution which can help optimise advertising spends and ensure maximum returns on investment has already found favour with many businesses advertising on the portal SatyamOnline. The portal SatyamOnline has also added another feature to this package, an 'ad management system', which can effectively plan, monitor and schedule advertisements as per client requirements. Using this system, the advertiser can define the frequency of their advertisements (as to which part of the day / night should the advertisement appear), assign weightage to the campaign (which advertisement should appear when) and also provide a log report (visitors to the site). SatyamOnline, the portal site and its channels delivering interactive and comprehensive content on a wide range of topics like automobiles, music, shopping, news, movies, etc, have a high visitor base, who not only seek the contents provided but also participate in online shopping. Recent Development Satyam Infoway Ltd announced a Joint Venture with Bank of Madura to set up E-Commerce services aimed at Persons of Indian Origin (PIOs). The Joint Venture to be located in India and later in the USA, will set a comprehensive portal to offer products and services to People of Indian Origin living abroad, and also ensure their service delivery. The Joint Venture will offer the following services: Shopping for goods and services for delivery in India and overseas Buying property in India and having it managed by certified property management agencies. Investments in financial services, stocks and Mutual Funds in India including brokerage, depository and advisory services. Investments in gold and jewelry within India. Travel services into and within India, including linkages to pilgrimage services sites for self and relatives / friends in India. Providing linkages to organizations serving public causes, cultural organisations and educational institutions in India. Some of the unique services offered by this Joint Venture would be: certification of quality and vouching for accuracy of information, and of vendors. Further, the portal will also offer an escrow account mechanism that will hold payments of behalf of the customer until the product is delivered to the customer and also until the "money-back" period on the product is over. satyam.net.in