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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9765)	11/24/1999 7:32:00 PM
From: Mohan Marette	Respond to of 12475

RESEARCH ALERT - Satyam Infoway started Wednesday November 24, 5:06 pm Eastern Time NEW YORK, Nov 24 (Reuters) - Merrill Lynch said in a research note that it started coverage of Satyam Infoway with a near-term accumulate recommendation noting the Indian Internet firm's rise since its initial public offering. -- said Satyam leverages a common infrastructure in different, inter-related directions. -- said the Indian Internet market is starting from a low base, but the firm thinks it should see high growth, propelled by deregulation. -- said Satyam allows investors a quality stake into what is, along with China, one of Asia's premier Internet market opportunities. -- noted that Satyam was the first private national ISP in India; was first to introduce ready-to-use, off-the-shelf CD-ROM registration, making the Internet a consumer product and was a pioneer of bundled sales. It was also the first to offer 24-hour, seven days a week, call center support in local languages around India and the first to offer international roaming to its subscribers. -- said portal Rediff on the Net, which has filed to go public, is aggressive and marketing oriented, but Rediff's entry into access would not be easy, the note said, pointing to how long it took Satyam to get where it is today. -- added that as U.S. subscriber growth rates begin to slow, the U.S. investment and Internet community will seek exposure to high growth from regions such as India and companies such as Satyam. -- said valuation alone will not cause a significant drop in the stock's price as long as the company continues to report strong growth in key metrics such as subscribers, pageviews, and revenues. -- Its ADR was last up 6-9/16 at 80-3/16 on the Nasdaq. It made its U.S. debut in October at $18 per ADR. biz.yahoo.com

To: Mohan Marette who wrote (9765)	11/24/1999 8:08:00 PM
From: JPR	Respond to of 12475

Mohan, Ratan and all: happy and safe Thanksgiving. Pakistani Commissioner-designate gets a Royal Runaround from the Queen and ROBIN COOK the British Foreign Secretary gives a short shrift to Akbar's entreaty to meet him. Queen snubs Pak envoy deccanchronicleonline.com London: Pakistan's suspension from the Commonwealth and strained relations with the British foreign office are delaying its high commissioner-designate, Professor Akbar Ahmed, from assuming office. Prof Ahmed has not managed, so far, to get an audience with Queen Elizabeth II to present his credentials as the Foreign and Commonwealth Office here has been busy trying to chalk out the protocol procedure the present situation merits. Prof Ahmed's attempts to set up a meeting with British foreign secretary Robin Cook have also proved futile. Cook has been one of the most vocal critics of the military takeover in Pakistan. The situation is delicate. The Queen, as the head of the Commonwealth, is supposed to have endorsed Pakistan's suspension. But bilateral diplomatic relations between the UK and Pakistan remain in place. Therefore, a foreign office spokesperson pointed out, there is no reason why Prof. Ahmed should not be able to start work soon as Islamabad's envoy in London. "The new Pakistani high commissioner will be presenting his credentials very shortly. The suspension from the Commonwealth is not connected to Britain's relations with Pakistan. Our objection is to the genesis of the new Pakistani government, not to the Pakistani State," said the spokesperson. The FCO cited Nigeria's case as a precedent. "Nigeria was suspended from the Commonwealth during its years of military rule but they had their envoy in London. As soon as a civilian government took office last year, the Commonwealth suspension was also revoked." The Commonwealth Ministerial Action Group suspended Pakistan from the Commonwealth on October 18 following General Musharraf's coup on October 12. The suspension was later endorsed at the Commonwealth Heads of Government Meeting in Durban. "Pakistan's suspension from the Commonwealth is not a complete one. In fact, the Pakistani flag was flying even at the Durban meet but they were not allowed to participate in the meetings.