plus 7% now,
Chart:
http://stockcharts.com/gallery/?sify
Short,middle and long term indicators
http://quotes.barchart.com/texadv.asp?sym=sify
Company Profile:
Sify Limited operates as an integrated Internet, network, and electronic commerce services company in India. The company provides various services, such as corporate network and data services, Internet access services, and online portal and content offerings. Its services enable business and consumer customers to communicate, transmit, and share information; access online content; and conduct business remotely using its private data network or the Internet. The company's network/data services address the network, security, and application services. It offers end-to-end integrated solutions, such as wide area network, services, security services, and application services, as well as various Internet protocol and virtual private network offerings, including intranets, extranets, and remote access applications. In addition, it offers a suite of security solutions, including security design, audit, procurement, and integration. Internet access services offer dial-up Internet access, email, and Web page hosting to consumers. It also offers public Internet access through a retail chain of iway cybercafes, as well as through cable television operators. As of March 31, 2004, the company had approximately 680,000 retail Internet access subscribers. The company owned and operated 67 telecommunication facilities serving approximately 250 cities throughout India, as of the above date. The company was organized under the laws of the Republic of India in 1995. It was formerly known as Satyam Infoway Limited and changed its name to Sify Limited in 2003. The company is headquartered in Chennai, India.
great pick la-onda!
I was looking for an Indian Tech company to trade because that is all I hear about from my dad in the IT world. This will do ;) (applauded)
thx
nice pick. Great potential.
what would be your price target ? 7 $ ??
Regards
O.
i would appreciate a comment on my llink:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3523543
positiv or negativ?
I would appreciate your opinion.
Thanks in advance
O.
updated chart after small pullback,
would this be a good entry price ???
I missed this one. Used to follow SIFY a few months ago, during the IIJI craze, then lost interest.
Looks like several up days in a row. Today up 10%, good volume (700K) for SIFY. I see no news. It easily passed the 200dma ($5.00) today. Volume was heaviest around 10am-10:10am.
Anyone know anything else?
SIFY: Volume Spike; 19% > 20-adsv, Stock +13.21%
Monday , October 24, 2005 10:50 ET
This is the 1st VOLUME alert for SIFY in the past 7 calendar days.
Trading for Sify Limited ADR (NASDAQ NM: SIFY) has been heavier than usual in today's session. By 10:50 ET, the stock had already traded 899,600 shares via 741 trades. The cumulative volume is 18.50% above its 20-day average of 759,165. Normally the stock experiences around 651 individual trades per session.
So far, today's volume surge has caused a net rise in SIFY's stock price. At the time of this alert, the stock was trading at $5.740, up $0.670 (+13.21%).
One year ago, the Company's shares closed at $5.610. The price has gained more than 2 percent since then.
Over the last 10 trading session SIFY has traded in a range between $4.750 and $5.590 and is currently trading 22.75% below its 52-week high of $7.430 set on December 01,2004 and 50.66% above its 52-week low of $3.810 from May 02,2005.
In the previous 3 sessions, SIFY trading has displayed a mixed trend. Closing results have been as follows:
October 21, 2005 --- closed at $5.070 up $0.090 (+1.81%) on 222,800 shares
October 20, 2005 --- closed at $4.980 down $0.010 (-0.20%) on 319,200 shares
October 19, 2005 --- closed at $4.990 down $0.190 (-3.67%) on 550,900 shares
The Company last released news on October 14, 2005:
"CORRECTING and REPLACING Sify to Announce Second Quarter Financial Results on October 25, 2005"
Strong today.
http://finance.yahoo.com/q/bc?s=SIFY&t=5d
based on this information ?
Silicon Valley Entrepreneur Raju Vegesna's Investment Partnership to Infuse Rs 1721 Million Into Sify in Addition to Acquiring Satyam's 31.61% Share; Investment a Vote of Confidence in Company's Performance and Future
Thursday , November 10, 2005 06:14 ET
CHENNAI, India, Nov 10, 2005 (BUSINESS WIRE) -- Sify Limited (Nasdaq:SIFY), India's premier Internet, network and eCommerce services company, and Satyam Computer Services Limited (NYSE:SAY), announced today the acquisition of Satyam's 31.61% of Sify's shares for US $5.60 per share in cash by Infinity Capital Ventures, LP, a company controlled by Silicon Valley entrepreneur Raju Vegesna. The total purchase price for the Satyam shares is US $62.6 million.
In a separate transaction, Infinity Capital also agreed to purchase directly from Sify approximately 6.7 million newly-issued shares at a purchase price of Rs 256.09 (about US $5.60) per share in cash. The closing of the direct purchase from Sify, representing an additional investment of Rs 1721 million (about US $ 37 million at an exchange rate of Rs 45.73), is expected to occur in late 2005 upon receipt of stockholder and regulatory approvals. The sale of the Satyam shares has been completed and is not contingent on the Sify issuance. The total position will represent approximately a 40% ownership interest in Sify.
Commenting on the acquisition of Satyam's shares in Sify, Mr. Raju Vegesna said, "Sify has done very well to innovate and grow its businesses in Internet and network services in India. The company represents the right fit in terms of market opportunity, innovation and leadership in this fast growing market, and I am excited at the prospect of helping Sify realize its great potential by building upon its market-leading iWay cyber cafe and Enterprise Solutions business segments while further exploiting Sify's expertise in Internet and network technologies."
Mr. Vegesna further noted that, "Sify's existing core businesses provide a strong platform for future growth both organically and through possible acquisitions -- growth that I hope to help enable with, among other things, the infusion of Rs 1721 Million in new capital, strategic inputs and assistance in developing alliances with other innovators in this space. Among other things, these contributions should help Sify leverage its expertise and experience into new business opportunities by supporting the company's efforts to expand its international operations."
Commenting on the transaction Mr. B. Ramalinga Raju, Chairman of Satyam Computer Services Ltd., said, "The move would enable Satyam to further focus on its core business and unlock the value of its investment. Leveraging Satyam's brand and committed support, Sify has emerged as a strong player in the data and network space in India. I am sure that Sify's management team will continue to scale up Sify's growth with the active support of the new investor."
Satyam's divestiture is in line with its stated objective to emerge as pure play IT services and Solutions Company. As against its original investment of US $ 5 million in Sify, Satyam has received a total consideration of about US $117 million till date, making it a highly successful and value creating investment for Satyam's shareholders.
Mr R Ramaraj, MD & CEO of Sify Limited said, "We have always enjoyed a strong supportive relationship with Satyam. We are particularly happy that Satyam is divesting to a strategic investor with a long-term interest in Sify's growth and future. We look forward to working closely with Mr Raju Vegesna to build on Sify's track record of growth, quality standards and innovative services, and to continue to lead the market in India and internationally."
Sify has zero debt and will have cash on hand of about Rs 2863 million (about US $62 million at an exchange rate of Rs45.73) post infusion. With this additional investment of Rs 1721 million, Sify's equity base will expand by 6.7 million shares for a total of 44.8 million shares on a fully diluted basis including stock options outstanding. In connection with the transaction, Sify agreed to appoint Mr. Vegesna as Chairman, and an additional person to be designated by him to its board of directors.
The company, already a leader in its key lines of business, now has additional resources and capital to build on its leadership position for growth and profitability. Sify will continue to focus on three broad areas: consumer services including portals and Internet access, corporate services and international IT infrastructure management services. The company will look at investing to enhance its capability in the portals space, in network expansion and quality of service delivery, innovative service products and acquisitions for growth.
10$,,,,,,,, only the beginning, jmho
http://www.3stocksonfire.org/trading/index.php?topic=3927.msg36832#msg36832
http://finance.yahoo.com/q/co?s=REDF
redf p/s 33.75
sify p/s 3.60
India shares jump as Sensex reaches new high
By Jasmina Kelemen, MarketWatch
Last Update: 2:57 PM ET Dec. 16, 2005
SAN FRANCISCO (MarketWatch) -- Indian shares trading in the U.S. Friday surged after the Bombay Stock Exchange hit a new high, while other Asian shares rose more modestly.
Revenue - Quarterly Results (in Millions)
FY (03/06) FY (03/05) FY (03/04)
1st Qtr 23.5.. 16.9 ....13.0
2nd Qtr 26.7. 18.8 .....14.5
3rd Qtr NA.... 21.9 .....15.6
4th Qtr NA ....23.0 .....21.4
Total ...50.2.. 80.6..... 64.5
Sify Limited (ADR): Earnings Estimates
http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Symbol=sify
If this stock was eligible,I think it would win The Stock Picking Contest ! ;D
"Lucky for you Fousc"! ;)
Great Pick la-onda = Applaud..... ;)
Press Release Source: Sify Limited
Sony's Indian Idol 2 Ties up with Sifymax
Wednesday January 4, 7:29 am ET
Sifymax to Showcase Unprecedented behind the Scenes Videos, Contestant Profiles and Daily Updates
CHENNAI, India--(BUSINESS WIRE)--Jan. 4, 2006--www.sifymax.in (.com), India's leading broadband website from Sify Limited (Nasdaq:SIFY - News), India's premier Internet, network and eCommerce services company, announced today its partnership with Sony Entertainment Television, for hosting previous episodes of Indian Idol 2, live chats with contestants and judges, video messages and video conferencing with contestants, as well as exclusive 'behind the scenes' videos . These will be available only on www.sifymax.in (.com). Sifymax will also provide an unique platform for users to come face to face with the judges and contestants through live video conferences that will be held across 15 cities in India.
Speaking on the exclusive partnership with Sify, Tarun Katial, Executive Vice-President and Business Head Sony Entertainment Television said, "I am really excited about this exclusive tie-up with Sify. Indian Idol reached out to millions of Indians last year and continues its success this year as well. Looking at the mass frenzy of Indian Idol we are happy to partner with Sify. Their extensive reach includes its popular online portals (www.sify.in, www.sifymax.in), network of over 3000 iWay cyber cafes and large broadband home audience, all of which help us engage the entire nation. At www.indianidol.sifymax.in (.com), we are offering millions of Indian viewers interesting spaces like videos, pictures, blogs and many interactive options where they can freely voice their suggestions, thoughts and opinions, giving us an opportunity to receive viewer feedback on the show."
Commenting on this initiative Mr. Surya Mantha, Sr. Vice President, Portals Sify Ltd said, "Our earlier partnership with Sony Entertainment Television for FameGurukul was a resounding success. Our partnering with them again for Indian Idol reiterates the popularity of Sifymax among Internet users. Besides catching up on episodes they've missed, viewers can also interact with their favourite contestants through video messages or a live chat! The magic of broadband comes alive with the SifyMax -- Indian Idol partnership."
The winning team of Indian Idol's popular judges -- Farah Khan, Sonu Nigam and Anu Malik, who made waves with their insight, constructive criticism, disagreements and funny anecdotes will once again create magic on screen. While the judges address the challenging task of whittling down thousands of aspirants to the deserving few, the popular hosts of 'Indian Idol' -- dashing actor Aman Yatan Verma and vivacious Mini Mathur will take on their roles as presenters and close confidantes of the contestants.
Every episode of Indian Idol 2 can be accessed at www.indianidol.sifymax.in (.com). Besides catching up on episodes they've missed, users can get complete information on the show, contestants, judges and enjoy the interactive features of daily polls, message boards and wallpaper downloads on the site.
About Sify Max:
www.SifyMax.in (.com) is India's first broadband content portal with an enormous range of music, news & exciting audio and video entertainment content. This includes fifteen radio channels with 24X7 music across genres like Bollywood hits, Indipop, Pop, and International in Hindi, English and Tamil. Music videos, movie clips with behind the scenes footage, interviews & the latest movies trailers from Hollywood, Bollywood and other Indian films are available to entertain users at the time of their choice. News from trusted & popular channels including BBC World, Headlines Today and Aajtak ensure users can catch up with the news when convenient. SifyMax also aggregates the best podcasts on the web! The site is designed to be absolutely delightful for broadband Internet users.
For more information about Sifymax, visit www.sifymax.in (.com).
About Sify
Sify is among the largest Internet, network and e-Commerce services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 146 cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services and hosting. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the iWay cyber cafe chain across 132 cities and towns. The company's network services, data center operations and customer relationship management are accredited ISO 9001:2000.
For more information about Sify, visit www.sifycorp.com.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risks Related to Our Business" in the company's report on Form 6-K for the quarter ended September 30, 2005 which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov.
Contact:
Sify Limited
Mr. David Appasamy, 91-44-2254 0770 Ext. 2013
(Investor Relations)
[email protected] or
The Global Consulting Group
Truc Nguyen, 646-284-9418 (Investor Relations)
[email protected]--------------------------------------------------------------------------------
Source: Sify Limited
Update this thread.....
AP
Aftermarket Movers: Outlooks Away
Monday February 6, 5:08 pm ET
Sify, whose CEO last week predicted the company will turn its first-ever profit in the fourth quarter, added $2.55, or 24 percent in the regular session to close at $13.33 on the Nasdaq, and added another 12 cents in the after-hours session. Rediff.com, which saw a jump of $5.13, or 22.1 percent in the regular session to close at $28.35 on the Nasdaq, gave up 35 cents aftermarket.
out at 13.15 yesterday... ahhh shoulda woulda coulda...
glta... lookin good. Now in hec.
g
looks like we will see earnings rally here. They might give good earnings too :)
Sify to Report Second Quarter 2006 Fiscal Year Financial Results on Tuesday, October 17, 2006
Tuesday October 10, 7:39 am ET
CHENNAI, India--(BUSINESS WIRE)--Sify Limited (Nasdaq: SIFY - News), a leader in Consumer Internet and Enterprise Services in India with global delivery capabilities, today announced that it will report its financial results for the second quarter of fiscal year 2006, ended September 30, 2006 on Tuesday, October 17, 2006 before the market opens.
ADVERTISEMENT
In conjunction with the earning release, Sify Limited will host a conference call at 9:00am EDT hosted by Mr. Raju Vegesna, Chairman of the Board and Chief Executive Officer and Mr. Durgesh Mehta, Chief Financial Officer.
Interested parties may participate in the conference call by dialing 877-407-8031 (U.S. or Canada) or 201-689-8031 (international), which will also be simultaneously broadcast live over the Internet at www.sifycorp.com or www.vcall.com. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.
The online archive of the Web cast will be available shortly after the conference call, or investors can listen to the replay by dialing 877-660-6853 or 201-612-7415 and entering account number 286 and conference ID number 214202. Please allow for some time post conference call to access the archive of the Web cast.
Looking good ;)
SIFY brokedown inspite of good results ???
SIFY is trading above its 50dma today on higher then usual volume. Looks like a good entry in the low 9s for a med to long term hold.