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

To: Mohan Marette who wrote (1316)	3/22/2000 10:50:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

More on Sify,TechnologyNet partnership. Satyam Infoway Partners With TechnologyNet to Enable Indian IT Firms Reach Global Market CHENNAI, India--(BUSINESS WIRE)--March 22, 2000--Businesses are constantly challenged on the technology end where operational costs are very high due to rapid changes and obsolescence in technology and the onslaught of new products once every three to six months. This is also confounded with the problem that the procurement costs are high due to increasing needs of upgrade, acquisition and maintenance. There is a need to minimize the procurement cost at the buyer level through various procurement options. Seizing this opportunity, Satyam Infoway has joined hands with TechnologyNet to launch a Technology Channel on Satyamonline.com to enable a marketplace for buyers and suppliers of IT solutions. TechnologyNet and Satyam Infoway have entered into a strategic partnership to make available the global marketplace for the Indian IT suppliers and buyers. This relationship is part of the series of business agreements being entered to as part of the current visit of President Clinton and the Department of Commerce from the USA. The strategic partnership agreement will be an agreement in the Information Technology area that will be formally signed in presence of the Secretary, Department of Commerce on Friday 24 March 2000 at Hyderabad. The agreement is significant in that Satyamonline.com now becomes part of the global network for the IT product E Marketplace. Mr. R. Ramaraj, MD & CEO, Satyam Infoway Ltd. said, ``TechnologyNet has been a pioneer in creating this E Marketplace in the USA for IT solution providers, buyers and distributors. Through this strategic partnership, we are now offering the global marketplace for the Indian IT solution providers. Satyam Infoway is very pleased to be associated with TechnologyNet in adding one more service to the net community'. Mr. Alan Weinberger, Chairman and CEO, TechnologyNet said, ``The business alliance between TechnologyNet and Satyam Infoway fosters International relationship between USA and India. This agreement directly addresses the government's request to create a 'U.S and India dot-com link`` between thousands of I.T firms in the two countries'. biz.yahoo.com