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Technology Stocks : Infosys: First Indian Company on NASDAQ -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (1)	2/15/1999 4:44:00 AM
From: Chinacat	Respond to of 67

The idea a while back, that they had presented, was that they would try to IPO their US subsidiary. I haen't heard about this yet, and the Indian Software Companies thread on SI seemed to have died, so I set up this thread for people to contribute any news they might have. I'll keep looking for Infosys news, meanwhile if you hear anything, please let me know. Cheers

To: chalu2 who wrote (1)	2/15/1999 4:07:00 PM
From: Chinacat	Respond to of 67

techstocks.com

To: chalu2 who wrote (1)	3/5/1999 12:45:00 PM
From: Chinacat	Read Replies (1) \| Respond to of 67

Bangalore, India - February 12, 1999. - Infosys Technologies Limited, a company registered under the laws of India, announced that it has filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 1,800,000 American Depositary Shares, which represent 900,000 equity shares, excluding the underwriters over-allotment option. NationsBanc Montgomery Securities LLC, BancBoston Robertson Stephens, BT Alex. Brown and Thomas Weisel Partners LLC will be the managing underwriters of the offering. Infosys Technologies Limited is an information technology services company headquartered in Bangalore, India. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offer is made only by the Prospectus, a copy of which may be obtained from Nationsbanc Montgomery Securities LLC, 600 Montgomery Street, San Francisco, California 94111. Nandan M Nilekani Managing Director, President and Chief Operating Office