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Infosys Technologies Ltd. (INFY)
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We thought everyone might run for the exits after news of the gigantic Satyam (SAY) fraud hit, but the company's peers are taking the news alright. In pre-market activity, shares of Wipro (WIT), Patni (PTI) and InfoSys (INFY) were all down this morning, but at mid-day the news isn't having a huge i...
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Satyam Computer Services (SAY) shares will open down more than 90% this morning, following the revelation that the company’s founder and now-resigned chairman, B. Ramalinga Raju, has confessed to cooking the company’s books. That’s shaken investor faith in other Indian IT outsourcing stocks.
In sho...
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blogs.barrons.com
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Jan 05, 2009
about
WIT, INFY
Six tech companies with offices in Bangalore, India have received e-mailed bomb threats, according to IDG News Service. Among the threatened companies were Indian IT outsourcers Infosys (INFY) and Wipro (WIT). The threat reportedly came from an e-mailer in Bangalore, according to police officials c...
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notablecalls.blogspot.com
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Jan 02, 2009
about
SAY, INFY
We have two tier-1 firms out cautious or even negative on Satyam Computer (NYSE:SAY) this morning:- UBS notes Satyam stock has rallied more than 25% over the past week on increased probability of a management change. While they think a smooth management change would be positive for the stock, the ma...
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investors.com
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Dec 26, 2008
about
INFY
Indexes traded narrowly mixed in what figures to be another light session. The Nasdaq composite slipped 0.1% , with Infosys Technologies (INFY)...
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blogs.barrons.com
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Dec 17, 2008
about
SAY, INFY
The astonishing turn of events yesterday involving Satyam Comptuer Services (SAY) may have left the company with a permanent taint. Certainly, it raises questions about management’s judgment; if nothing else, it shows a tin ear for predicting the reactions of investors.
To review: Satyam yesterday m...
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Satyam Computer Services (SAY) shares have lost more than half their value today after the company announced a pair of related acquisitions that have triggered allegations of extremely bad corporate governance.
More specifically, Satyam says it has agreed to buy 100% of Maytas Properties, a develope...
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It’s been no secret that companies are taking great lengths to cut costs (and with that employees) and conserve cash whenever possible. One option that companies are embracing to do just that is outsourcing. “It’s a boon for outsourcers right now ” David Zahn COO of Austin Texas-based Consero Global...
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Wipro's second-quarter net profit rose 1.2%, below market expectations. Aadil Ebrahim, investment manager at Bowen Capital Management gives his outlook for the Indian tech sector, with CNBC's Amanda Drury.
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minyanville.com
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Oct 20, 2008
about
G, INFY
Iconic Irish company Waterford Crystal (WATFF) will lay off most of its workforce and shift production elsewhere having already contracted most of its production to Slovenia. At its height in 2002 Waterford employed 3 200 people but that number will soon drop to approximately 125. The company’s plan...
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sramanamitra.com
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Oct 13, 2008
about
INFY
What is the outlook for India’s outsourcing industry amidst the market turmoil? The Indian IT major, Infosys Technologies (INFY) had expressed their concerns about the recession when they announced their Q407 results earlier this year. Their Q2 results and the outlook for 2008-09, announced on Octob...
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Tech companies commonly outsource jobs to India, but rarely do we see a CEO so unabashed about it. Cisco CEO John Chambers tells the NYT that he wants to expand the workforce in India from 4,000 to 6,000 employees over the next three to five years, and he wants 20% of his managers to either come fro...
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The Indian IT outsourcing companies are going to see a hit to earnings from the sagging global economy, Pacific Crest’s Kanchana Vydianathan asserted this morning. While still generally bullish on the sector, she cut estimates this morning for Satyam (SAY), Wipro (WIT), Patni (PTI), Infosys (INFY),...
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zacks.com
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Oct 03, 2008
about
INFY
It continues to strengthen strategic alliances and reorganize businesses in order to counter the effects of business cycles. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the...
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blogs.barrons.com
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Sep 24, 2008
about
INFY
With worries about corporate technology spending rising, and the financial sector in turmoil, it might be time to step away from the Indian IT services companies.
Bhuvnesh Singh, an analyst with Credit Suisse, this morning cut his recommendation on the sector to Underweight from Market Weight, and w...
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There may be an interesting trend in the I.T. outsourcing game, and one that will seem counter-intuitive if you have witnessed the currency trends and jobs...
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blogs.barrons.com
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Aug 25, 2008
about
INFY
Infosys (INFY) this morning announced a deal to acquire the U.K.-based SAP consulting company Axon Group (AXO.L) for $753.1 million in cash. The deal is expected to close in November. Axon has about 2,000 employees. In 2007, Axon had revenue of $378.3 million and after-tax profits of $37.4 million....
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The Second of Two Parts.
By Martin Hutchinson
Contributing Editor
Global investors need to “hit the BRICs” – literally.
Back in 2003, the Goldman Sachs Group Inc. (GS), eager to push its clients towards global investing – especially in the emerging markets – invented the acronym “BRIC” (Brazil, R...
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financialskeptic.blogspot.com
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Jul 14, 2008
about
INFY
Infosys Technologies (INFY) Q1 revenues that were up approximately 24% from the corresponding quarter last year. The sequential growth was anaemic at 1.1%. Infosys has made a reputation by leveraging cheap skilled overseas labour to replace expensive skilled domestic labour. Pay someone $2 per day...
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