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

To: Bala who wrote (3990)	4/3/1999 7:28:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Ariane rocket puts Indian satellite in orbit Friday April 2, 8:19 pm Eastern Time (Adds details, background) By Alexander Miles KOUROU, French Guiana, April 2 (Reuters) - Western Europe's 117th Ariane rocket placed into orbit a multipurpose satellite for the Indian Space Research Organization (ISRO)after a textbook launch from French Guiana on Friday, the Arianespace rocket launch company said. The Ariane 42P rocket, equipped with two solid strap-on boosters, blasted off at 7.03 p.m. local time (5:03 p.m. EST) (2203 GMT) from the European Space Agency (ESA) launch center in Kourou on the northeast coast of South America. Twenty-one minutes after launch, space officials said the INSAT 2E satellite separated from the rocket. INSAT 2E was built in India and weighs 5,500 pounds (2.5 tonnes). It will provide telecommunications and meteorology services to the Indian subcontinent, Asia and Australia. ISRO officials said the cost of the satellite, launch and insurance was $120 million. Washington-based INTELSAT has leased nine of the satellite's 17 communications transponders and the lease is expected to generate $100 million of foreign exchange for India. Friday's launch was the second of 13 scheduled Ariane missions for 1999 and the 44th consecutive successful launch of an Ariane-4 rocket. Paris-based Arianespace, which launches and markets the Ariane rocket series, said it had 38 heavy satellites on order to be launched, worth an estimated $3.5 billion. The company's launch operations have been hampered in recent years by the inability of satellite manufacturers to deliver their spacecraft on time. Launching communications satellites from sites close to the equator is more advantageous than from higher latitudes as rockets need less thrust to achieve orbit. Until this week, the Kourou base was the world's only commercial launch site near the equator, giving Arianespace an edge in the lucrative market to launch communications satellites. But last Saturday, an international consortium led by U.S. aerospace giant Boeing Co. successfully test-launched a Ukrainian Zenit rocket from the Sea Launch floating platform near the equator in the Pacific Ocean. Sea Launch is expected to cut into Arianespace's market share -- a company that has dominated the satellite launch market since the late 1980s.

To: Bala who wrote (3990)	4/3/1999 6:46:00 PM
From: Mohan Marette	Respond to of 12475

India's GTL Develops E-C Tool, GE Will Globally Market Bala and thread: If you guys are into Indian stock market and investing check Global Telesystems out.Compared to other IT stocks this company seems like a steal at a P/E multiple of 13.5 or so.Currently selling at Rs.268 and change on NSE and BSE.Check it out and let me know what you guys think. GTL primarily a telecomm company has ventured into e-Commerce and telecomm software solutions in a big way only recently,ie. since 1998.This company may be still undiscovered as an E-Commerce/Software play by the market. Do your own research and let me know if you have any opinion. ================================== By A. Nair InternetNews India Correspondent [March 30, 1999--MUMBAI] Global Telesystems Limited (GTL) has developed an electronic commerce application that will be marketed worldwide by GE Information Services, a division of General Electric. Market sources maintain that the launch of the software, E-Trade CommNet, has established the firm as a leading player in e-commerce software development. While GE Information Services will market the product worldwide, Global Telesystems will customize and maintain the software, officials said. E-Trade CommNet acts as an interface for Internet enabled electronic commerce transactions between cargo agents and airlines using the Electronic Data Interchange technology. The E-Trade CommNet aims to establish electronic exchange of information and documents, which is currently being exchanged manually amongst the entities of the cargo community in India. According to initial reports, a copy of the product has already been installed with an Internet Service Provider (ISP) in Bahrain. The reported price for a single installation is over US$300,000. According to officials, Global Telesystems has also received US$3 million from GE for developing this software. In addition, it will share revenues with the latter. While details of revenue sharing between Global Telesystems and GE Information are not available, GTL will receive 10-15 per cent of the selling price as annual maintenance charge, sources state. GTL also claims to have developed a telecommunication protocol stock to connect the US-based ARINC network, according to informed sources. A major benefit of e-commerce related software development is that it not only offers a one-time gain in terms of the initial selling price, but ensures annual incremental gain as transactions take place. This implies a sustained growth in earnings over the next several years. GTL, which has emerged as a major player in e-commerce and Internet related software development, had recently also tied up with India's excise department to enable manufacturing units to transact documents with the excise department on the Net. Since it began commercial operations in 1987, the company has grown by leaps and bounds. Currently, the company has created a platform for a further spurt by basing its future growth in the key areas of e-commerce and IT-based management solutions such as enterprise resource planning and supply chain management. The company has distribution and servicing tie ups with Tata, Keltron, Escorts, India Telecomp and Rajasthan Communications. It also has tie ups abroad with V-Band Corporate and Maxom, both of the United States; Lane Telecommunications of the United Kingdom and Murata Machinery of Japan. GTL recently entered into a strategic alliance with Teledata of Singapore. It also provides tele-solutions. The Citiphone banking system was one of the prestigious recent assignments. For the Internet Business Solution business, GTL will provide customized solutions that intend to use the Internet to transact business. GTL will provide turnkey solutions to customers who may like to establish e-commerce presence and will also create communities and online marketplaces that create a favorable environment for buyers and sellers to transact. gtl.co.in

To: Bala who wrote (3990)	4/3/1999 7:15:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Global Telesystems Ltd started e-commerce and networking services Bala: Here is a bit more news on the subject I picked from Walletwatch,India,do note the last paragraph carefully. ============================== Global Telesystems Ltd, which started out as a telecom equipment company has been organising itself now in the wake of exciting opportunities in e-commerce and networking services. GTL is now engaged in designing value added networks, designing software for system integrations / exports and undertaking project management /engineering assignments. A large distribution network of 26 branches, 250 dealers and 1600 retailers spread across the country provides GTL with an edge over competition and also helps it move up the value-added products chains. The current order book position stands at about Rs 120 crore for consumer telecom, Rs 150 crore for software development including e-commerce and messaging, Rs 150 crore in networking and around Rs 15-20 crore for engineering services. All the orders are to be executed over the next 12 months and GTL is expected book further orders during the year as well. GTL will soon be known as a software company and valuations will reflect the same. It may be worthwhile to include the scrip in your portfolio for medium-term gains.