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

To: Mohan Marette who wrote (408)	12/19/1999 2:30:00 PM
From: Mohan Marette	Respond to of 1471

"First there is envy. And then there is Sify"-IndiaWorld according to Jain WHY THE NET IS A BIG DEAL It's the biggest-ever Net deal in India. IIT-ian Rajesh Jain strikes pay-dirt as Satyam Infoway puts Rs 500 crore, cash down, for his Indiaworld.......... Jain, armed with a degree from IIT (electronics engineering) and a Masters in Computers and Communication from Columbia University, had developed an image processing software which could enhance images digitally. Says he: "We had developed some very high-end algorithms to be used mainly for medical sciences and metallurgy industry. Although we sold our product to ICI's Alchemy Research Centre, I think we were ahead of our time." The project bombed and Jain was back in the US in September 1994. "Sitting at a friend's place in Sunnyvale, California," he recalls, "Sanjay, a friend, and I decided to start a news and information service, primarily for NRIS whose only source of news was India Abroad." And IndiaWorld, the first website from the country, was born.... Initially, they started with Laxman cartoons and stories from India Today. "For two-and-a-half months, we upgraded our site each day on ISD calls at the cost of Rs 1,500 to Rs 2,000 per day, but not a single day was missed," Jain beams. Then, VSNL started Internet connectivity. And IndiaWorld was formally launched from a US server on March 13, 1995. Recalls Jain: "As E-mails poured in, we knew we were on our way to victory. One smart thing we had done was to ensure a lot of archived content. Imagine suddenly having 30 Laxman cartoons to browse through!" Meanwhile, the US company started demanding half-a-million dollars to host their server. "There was no way we could pay that kind of an amount," says Jain. "I remember, on a Sunday evening I called up Amitabh Kumar, then director (operations) of VSNL and explained the problem. It was the Diwali weekend. Kumar not only agreed to put up our server, he ensured that everything was up and running before Diwali." Thus Indiaworld.com became Indiaworld.co.in..... outlookindia.com