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: IceCube who wrote (378)	12/15/1999 1:46:00 AM
From: 2MAR$	Respond to of 1471

SIFY will be the Raj, of the Indian Internet ...;-)

To: IceCube who wrote (378)	12/15/1999 11:27:00 AM
From: Mohan Marette	Respond to of 1471

Satyam not keen on IndiaWorld trade-mark The confusion created by ASAP solutions of the US might have contributed to the recent volatility in the stock, along with the unfavorable market conditions of course. =============== satyam.net.in Sudipto Dey New Delhi, Dec 14: Satyam is not interested in the IndiaWorld trademark and is willing to give it up. Reacting to claims by US-based ASAP Solution on IndiaWorld.com and associated trademarks, Satyam Infoway managing director R Ramaraj told The Financial Express, "We have nothing to do with IndiaWorld.com." "Satyam bought IndiaWorld for the 13 dotcom properties including Khel.com and Khoj.com which generated a lot of international traffic," he said. "These sites will give international presence to Satyam's web portal and will be a big advantage for attracting advertising," he added. He said Satyam was aware of a the claim by ASAP of USA. "Our merchant bankers did point this out at the time of the deal. However, our interest was limited to the universal resource locator IndiaWorld.co.in and the other portals under its banner," he said. He said Satyam would not mind giving up the IndiaWorld brandname. The combined resources of Satyam Online and IndiaWorld's portal sites will give the company 30 million page views per month. Ramaraj said in the coming months, the company will make efforts to synergise the newly acquired portal sites to that of Satyam Online. Satyam Infoway recently acquired IndiaWorld for a sum of Rs 499 crore. This comes close on the heels of the company raising $90 million from American Depository Receipts (ADR). Satyam Infoway had a turnover of around Rs 10 crore in 1998-99. In the quarter ended September 1999, the turnover was about Rs 24 crore.On financing of the deal, Ramaraj said Satyam has already paid an upfront amount close to Rs 150 crore. However, the company has time till September 2000 to work out the remaining part of the financing. expressindia.com