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

To: arin8192 who wrote (905)	2/27/2000 12:27:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Clinton may visit Hyderabad on March 24,likely to visit Satyam,Hitech City&IIIT arin,it appears Clinton may visit Hyderabad and while there he is likely to visit a few places including Satyam Technology Center. I don't know whether Clinton's visit would do anything in particular for SIFY but it certainly won't hurt the stock. As for the budget, I heard it is going to rather 'harsh'. Most likely a lot of the subsidies will go,(never understood the logic behind giving subsidies to the middle-upper- and rich class), rich farmers may be taxed,there may be initiatives to bring more eligible people under the income tax regime as only about 3% of the eligible population pay income taxes (pretty dismal if you ask me) & it may be business/investor friendly by and large. There is talk about software companies coming under net of the 'tax-man' but I think it is very unlikely. Computer hardware sector may get some reprieve from import duties so as to bring down the cost of the PCs to consumers. Anyway we'll find out the details in a couple of days. timesofindia.com

To: arin8192 who wrote (905)	2/29/2000 7:28:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT Budget Highlights- Software companies to pay 3% tax 29-02-2000 16:50:25 Software companies will end up paying 3% tax and not 8% as was earlier expected. Finance Minister had announced in the budget that 20% export income of all the companies would be taxed. However he has not abolished section 10 of the Income Tax Act under which income earned in software technology park is exempt and the software companies have been kept outside the purview of MAT. Thus despite a lot of noise generated by tax levied on software companies in reality the tax is nominal. Besides a large number of companies involved in software development work abroad are paying tax, thus the impact will be marginal. -(Probity)