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To: Lizzie Tudor who wrote (140620)	3/15/2002 8:49:07 PM
From: H James Morris	Respond to of 164684

No question about it, you and Harmond are the premier bargain seekers on SI. Did you ever end up buying a home, or a house with your stock market profits? Ps keep your eyes on PETM : PETSMART INC (NASDAQ)

To: Lizzie Tudor who wrote (140620)	3/21/2002 5:30:26 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Have you ever thought about getting a job at INFY in New Delhi? You got be worth at least $65 per hour until the bay area gets back on its feet. >> New Delhi, March 21 (Bloomberg) -- Infosys Technologies Ltd. and other Indian code writers said they are hiring staff every week to help maintain Oracle Corp. and SAP AG's business management software for companies, which spent $21 billion on such products in 2001. India's second-largest publicly listed software developer currently employs 820 people in its unit that sets up and maintains software to help companies such as Adidas-Salomon AG, the world's second-largest maker of sporting goods, manage inventory and automate customer service. Infosys did not say how many people it expects to hire. Customers such as Adidas and Apple Computer Inc., which bought Oracle's database management software and SAP's business management package, are farming out orders to Infosys and rival Satyam Computer Services Ltd. to maintain and integrate disparate software in a bid to lower costs and boost profit. ``Our value proposition is that we can deliver at a cost that is as much as 30 percent lower than the big five consulting firms,'' B.G. Srinivas, head of Infosys' enterprise solutions division, said in an interview. ``We can do this without compromising on the quality.'' Most of the work in setting up such software is done at the customers' offices overseas. Companies such as Satyam, India's fourth-largest software exporter, charge about $65 for each hour, or about half the rates charged by Accenture Ltd., the world's biggest consulting firm. Indian companies are getting orders to maintain software that manage reams of data even as makers of such packages such as Oracle, the world's biggest maker of database-software, said they expect sales to decline. Satyam Oracle last week said new licenses of database software fell 26 percent in the third quarter. The company also said profit in the fourth quarter will fall short of an earlier forecast. Indian companies are garnering more business from companies to customize existing Oracle and SAP software ``and that is expected to grow,'' said Sachin Mohindra, who helps manage $40 million in Indian assets at Chescor International Ltd. Companies worldwide are expected to spend $36 billion by 2005 on buying and upgrading such packages, from $21 billion last year, according to Boston-based AMR Research Inc. ``There is lot of work floating around,'' said Ganesh Duvvuri, an analyst with B&K Securities Ltd. ``The important thing is to try and move the customization work'' to India which will help improve profit margins of software companies. Infosys expects to move as much as 30 percent of the project work to India. The company currently has about 30 customers for whom it implements and maintains business management software according to their requirements. Satyam, which got 16.6 percent of its third-quarter sales of 4.35 billion rupees ($89 million) from such services, expects business to triple in the year ending March 2003, Vijay Prasad, senior vice president at Satyam said in an interview. ``Faster, better, cheaper, is our motto,'' said Prasad. The company, which employs 800 engineers at its so-called enterprise resource planning division, expects to add a quarter more staff this year, he said. Lawsuits Still, proper implementation is crucial to maintaining customers. Whirlpool Corp. said it lost as much as $650 million in annual sales in 2000 after using SAP's software. Hershey Foods Corp. and W.W. Grainger Inc. sought efficiency and cost-savings from SAP software. Each wound up with order delays, sales shortfalls and damage to earnings. FoxMeyer Corp. went bankrupt and sought $500 million in damages from SAP. ``The challenge is to have a good contract and implementation skills,'' said Satyam's Prasad. bloomberg.com