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

To: Mohan Marette who wrote (10154)	12/21/1999 2:06:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Wipro goes the Infosys way Wipro is planning an American Depository Receipt (ADR) which would fund its future acquisitions in India and abroad. It also has major expansion plans for its e-commerce business. Wipro has one of the strongest revenue portfolios with almost 50% of its revenues coming from high-end projects such as systems software, networking and e-commerce. The company focusses on five vertical domains: technology solutions, technology based products, telecom and datacom solutions, finance, healthcare and utilities. The company has bagged new e-commerce orders worth $ 35 million. The orders are from traditional brick and mortar businesses such as Home Depot, Farmers Insurance, Franklin Templeton, Otis Elevator and Nike in the US. The other companies Wipro has received orders from include Daiwa Institute of Research, Mitsubishi and Sony in Japan and Thomas Cook in the UK. Market view: Wipro?s premium valuations are expected to sustain owing to the quality of its software services and the fact that 75% of its stock is held by its promoters. (December 21, 1999 -Quantum)