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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3658)	2/5/1999 1:52:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 12475

Mohan Yes I did notice PER peak in a couple of days but now it is down to 60 as are all stocks. I think you have a winning strategy and feel that MMPT will probably move up next week when the market goes up. I am, unfortunately, stuck in NDB and will have to wait till the next move up to exit. My other position is in NAVR which is going to announce an IPO spinoff of its NETRADIO div. next week. ANd today they started trading options in NAVR. That is why its one of the very few stocks that is green on my screen. If I exit NDB and MMPT is still around 40 something, i will probably enter. Please keep me posted on your future picks. Hopefully I will have cash to invest. ratan

To: Mohan Marette who wrote (3658)	2/5/1999 3:05:00 PM
From: Mohan Marette	Respond to of 12475

NIIT targets global leader status by 2002 Our Bureau in Chennai NIIT Ltd plans to emerge as the world's number one information technology (IT) training company by the year 2002. NIIT, with a turnover of Rs 648 crore (Rs 100 crore = Rs 1 billion) and a market capitalisation of over Rs 4,000 crore, is already among the top 10 IT training companies in the world, according to Rajendran. "Every three years we sit together and draw up a vision for the company. Our aim is to become the world's number one IT training company by the year 2002," Rajendran said. "This is a realistic goal and we are confident of being there," he added. The company has identified the creation of an integrated enterprise wide information technology (IT) training solution - eMPOWER-IT - for corporates. Speaking at the launch of the solution in Chennai Rajendran said that the new technology solution has been designed with NIIT's 16 years of experience. "During the first few years we were in the technology absorption mode. We then moved on the technology consolidation and dissemination mode. We are now in the fourth phase - technology creation," Rajendran said. Meanwhile, Rajendran said NIIT has identified a series of international companies for possible acquisition. The company is hopeful of completing an overseas acquisition during this year. It has been scanning the global market for companies in the $50-100 million range. The company is keeping its options open on the funding of these acquisitions. An American Depositary Receipt (ADR) issue was one of the sources of funds being considered. However, the recent fall in the New York Stock Exchange has had an effect on NIIT's planned ADR issue as well. "It is all a question of timing. Identifying the company and deciding on the source of funds will all fall into place at one time," Rajendran said. He also did not discount the possibility of going ahead with the overseas acquisition without an ADR issue. NIIT is yet to identify the investment banker who will be given the responsibility of finalising the acquisition. business-standard.com