First Albany upgraded Infosys Technologies
(NasdaqNM:INFY - news) to buy from accumulate. The firm said the
stock offers more than 75 percent appreciation in less
than one year. The company's stock has dropped about
30 percent recently on concerns about supply of a
key component and increased competition, but the firm
said the company has very strong product and marketing
Infosys<INFY.BO>says not to mull stock
split Oct 8
BANGALORE, India, Sept 27 (Reuters)
- Indian software firm Infosys Technologies Ltd
<INFY.O> on Monday denied it will consider a share split
at its board meeting on October 8.
point of time, no such corporate act is contemplated in
the ensuing board meeting," S. Gopalakrishnan, deputy
managing director said in a statement.
posting here but what the hell. Besides, I like a
happy name like Anand... So here it is.
Infosys Technologies Ltd Cut to `Hold' at Batlivala &
September 26, 1999,
10:41 p.m. PT
Mumbai, Sept. 27 (Bloomberg Data)
-- Infosys Technologies Ltd (INFO IN) was downgraded
to "hold" from "buy" by analyst Sanjeev Goswami at
Batlivala & Karani Securities Pvt Ltd.
As the famous liner goes
"You buy out of
compulsion and sell out of conviction"
Buy it or u'll
miss it only on the basis of arguments
momentum & free float is finding reason for why it is
and convinving urself about its
un-convincing valuations. I
am reasonably sure that
astronomical valuation, even after
factoring sexy growth
rates, will take a toll on its stocks. As
earlier, wait for other IPOs from India and ull see
hot money chasing them, for their unique business
have said I would like to point out the
difference in the
naming convention between US &
While breaking of shares is called 'Split' in the US,
called 'Bonus' in India. Why ? Because, the
celebrated with great pomp & people are
prepared to pay
higher price for the share (they see it
as 'Buy 1 Get 1 Free).
Thus any bonus
announcement will lift the stock price.
If the rumor
you mentioned turns out to be true, I could
imagine where INFY goes from here.
there is strong rumour in the Indian market that
INFY is going for 1 for 5 split. In Indian market most
of the time rumours turn out to be true than in the
BTW results are coming out on 8 of October. So wait
for two weeks????
I have not seen anyone posting any logical
rationale for INFY price being so high. Longs on the board
seem to be just mesmarized by the hype.
love or hate this stock...but need to have logic for
saying that this puppy will keep flying upwards for
Down is more likely in next two months than up...
A BIG investor can buy it all too.. IF he thinks
it is cheap or values the fundamentals with the
price of the stock:
After all,a market exists
only bcos some percieve it as a good buy while others
think it is overvalued and sell..
could be right and the stock might soon see
and I could be wrong..
All I care is: The
huge premium on the ADR's which is unexplained..
Comparing a cost of burger here to India is stupidity.. (I
am not sure who gave such a STUPID
comparison/explanation).. and applying that analogy to the stock of
Any way : good luck to all..
I still love the
stock and will Jump on it as soon (if at all?) the
premium on ADR drops to a reasonable level..
I am neither an insider nor a hypester.
just bring out facts which are not easily available to
I do a lot of research on companies thru various
I thought it is a good deed to enlighten the
victims / likely victims of Doomsayers like you &
with facts so that they don't loose their hardearned