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

To: Mohan Marette who wrote (715)	2/14/2000 10:33:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT NIIT plans to acquire some US software companies NIIT has plans to acquire some US base software companies in the current year (the company's year ends in September). Six companies are reported to have been short-listed. NIIT derives 50% of its business from training and the balance from software development. The company has around 114 centres of its own and around 890 centres of franchisees within the country. The acquisition, if were to come through would boost NIIT?s software revenues, which are expected to grow at a much faster rate than its revenues from the training business. However, the funding of the acquisition is open to question. Secondly, while most Indian software companies have plans to acquire US based software companies including Infosys, Leading Edge etc. none has so far succeeded in making a noteworthy acquisition. This could be due to the fact that the good companies, which have a niche or are growing fast are not willing to sell out with the US economy itself doing quite well. Hence even NIIT would need to be cautious about the quality of the business of the potential acquisition as well as not over pay in terms of valuation. Market View: Most analysts have rated NIIT as buy primarily due to its impressive growth of revenues from software development. The training business provides the company with a cushion of stable revenues and decent margins. February 14, 2000 -EqM

To: Mohan Marette who wrote (715)	2/14/2000 11:25:00 PM
From: Marvin Mansky	Read Replies (2) \| Respond to of 1471

Honorable Mohan: You certainly know SIFY and have been very informative. There is no doubt that SIFY is a force to be reckoned with in India.

To: Mohan Marette who wrote (715)	2/15/2000 1:37:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 1471

Consolidated Statements of Income - Source SEC K6 SATYAM INFOWAY LIMITED CONSOLIDATED STATEMENTS OF INCOME (Expressed in Indian Rupees, except share data and as otherwise stated) <TABLE> <CAPTION> Three months ended December 31, Nine months ended December 31, ---------------------------------------------------------------------------------------- 1999 1999 1998 1999 1999 1998 Rs. US $ Rs. Rs. US $ Rs. ------------ ----------- ------------ ------------- ----------- ------------- (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) <S> <C> <C> <C> <C> <C> <C> Revenues:.............................. 184,682,108 4,244,590 22,013,765 392,909,169 9,030,319 57,372,490 Cost of revenues....................... (77,685,221) (1,785,457) (18,152,244) (184,795,363) (4,247,193) (31,549,258) ---------------------------------------------------------------------------------------- Gross profit/(loss).................... 106,996,887 2,459,133 3,861,521 208,113,806 4,783,126 25,823,232 ---------------------------------------------------------------------------------------- Operating expenses: Selling, general and administrative expenses.............................. 171,158,559 3,933,775 52,473,324 380,365,208 8,742,018 133,653,386 Amortization of goodwill............... 28,998,120 666,470 - 28,998,120 666,470 - Amortization of deferred stock compensation expense.................. 6,162,079 141,624 - 6,644,118 152,703 - ---------------------------------------------------------------------------------------- Total operating expenses............... 206,318,758 4,741,869 52,473,324 416,007,446 9,561,191 133,653,386 ---------------------------------------------------------------------------------------- Operating Profit / (loss).............. (99,321,871) (2,282,736) (48,611,803) (207,893,640) (4,778,065) (107,830,154) Other (expense)/ income, net........... 27,589,206 634,089 (7,537,235) 7,501,249 172,403 (17,602,191) ---------------------------------------------------------------------------------------- Profit / (Loss) before taxes........... (71,732,665) (1,648,647) (56,149,038) (200,392,391) (4,605,662) (125,432,345) Income taxes........................... (716,599) (16,470) - (716,599) (16,470) - Minority Interest...................... (850,924) (19,557) - (850,924) (19,557) - ---------------------------------------------------------------------------------------- Net loss............................... (73,300,188) (1,684,674) (56,149,038) (201,959,914) (4,641,689) (125,432,345) ======================================================================================== Loss per Equity Share.................. (3.55) (0.08) (4.65) (11.61) (0.27) (12.45) ============ ========== =========== ============ ========== ============ Weighted Equity Shares used in computing loss per equity share....... 20,643,962 20,643,962 12,065,427 17,401,245 17,401,245 10,074,768 </TABLE> ===================

To: Mohan Marette who wrote (715)	2/15/2000 7:09:00 AM
From: vip	Read Replies (1) \| Respond to of 1471

Mohan: Another ISP to be listed here soon! NEW DELHI, Feb 15 (Reuters) - India on Tuesday approved a proposal by Internet service provider Dishnet DSL Ltd to raise foreign equity through the issue of American depositary receipts/global depositary receipts up to 45.125 percent of its paid-up equity capital. ``The cabinet committee on economic affairs has approved the proposal of Dishnet DSL Ltd for induction of foreign equity through the issue of ADR/GDR up to 45.125 percent in the paid-up equity capital of the company for expansion of the activities of the company as a leading Internet service provider,' Information Technology Minister Pramod Mahajan told reporters.