SIFY

[la-onda]

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.

[eliteG]

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

[saffeysite1]

nice pick.  Great potential.

[la-onda]

what would be your price target ? 7 $ ??

Regards
O.

[la-onda]

i would appreciate a comment on my llink:

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3523543


positiv or negativ?

[la-onda]

I would appreciate your opinion.
Thanks in advance
O.

[la-onda]

updated chart after small pullback,
would this be a good entry price

[3puttssuck]

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?

[la-onda]

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"

[fill_the_gap]

Strong today.

http://finance.yahoo.com/q/bc?s=SIFY&t=5d

[la-onda]

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.

[miris]

10$,,,,,,,, only the beginning, jmho

http://www.3stocksonfire.org/trading/index.php?topic=3927.msg36832#msg36832

[miris]

http://finance.yahoo.com/q/co?s=REDF

redf p/s 33.75
sify p/s 3.60

[miris]

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.

[miris]

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