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 (578)	2/3/2000 8:48:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Satyam Computers bags $ 60 million Satyam Computers has bagged orders worth $60 million, one from an engineering and service giant and the other from an insurance company. Thus the company has pending orders of $ 120 million which it has to implement over a period of one year. This would only improve the sentiment for the stock. Satyam have successfully made the transition by concentrating into the domains of banking, insurance and engineering part from telecom. These orders will only reinforce this impression. In the last year (FY99) the company had a reported a turnover of Rs 3,781 million and the current order of $ 60 million amounts to almost two third of the last year?s revenue. This would help the company in sustaining its growth in the coming years. Market View: Analysts have rated Satyam as a ?buy? primarily for two reasons. One, because of the company?s depth in the vertical business domains of banking and insurance services as well as telecom and engineering services. Secondly, the subsidiary/JV model of Satyam has paid off (for instance Satyam holds 60% of Satyam Infoway) and there are other subsidiary/JV companies which can be listed/sold. February 3, 2000