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SectorWatch.biz Issues MarketStats on IT and Communications Companies TTCS, INFY, ATHR, WIT, SAY, PVSW

Stuart Smith (July 21st, 2009) Writes:

IRVINE, Calif., July 21 /PRNewswire/ — SectorWatch.biz announces the availability of MarketStats for leading IT and Communications equities in the news and driving markets today. MarketStats offers a perspective on the aforementioned equities and the opportunity for investors to respond with articles, blogs and opinions.

Investors can view MarketStats by visiting: www.SectorWatch.biz – a division of FiSpace.net, a dynamic social networking site for investors.

Today’s MarketStats for IT and Communications companies include Tie Technologies, Inc. (Pink Sheets: TTCS), Infosys Technologies Ltd. (Nasdaq: INFY), Atheros Communications, Inc. (Nasdaq: ATHR), Wipro Limited (NYSE: WIT), Satyam Computer Services Ltd. (NYSE: SAY), and Pervasive Software Inc. (Nasdaq: PVSW).

An audio interview featuring Tie Technologies, Inc. can be heard here: http://www.smallcapvoice.com/ttcs/index.php

View a fact sheet on Tie Technologies, Inc. here: http://www.smallcapvoice.com/ttcs/factsheet.html

TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for users’

...

Global Investment News Briefs Tuesday, April 14th, 2009

Contrarian Profits (April 14th, 2009) Writes:

Goldman Targeting PE With Another Fund; Current Media Unplugs IPO Plans; Tech Mahindra Taking Majority of Satyam; Victims Push For Madoff Bankruptcy; Express Scripts Buys WellPoint Unit; Citi May Sell More Japan Assets; Oil Drops on Energy Agency Forecast

Goldman Sachs Group Inc. (GS) created a $5.5 billion fund to purchase private-equity assets on the secondary market, Bloomberg reported. The GS Vintage Fund V - Goldman’s fifth private-equity-targeting fund - will acquire portfolios ranging from $1 million to $1 billion. Citing “current market conditions,” Current Media Inc., owner of youth-focused network Current TV, has withdrawn its plans for a $100 million initial public offering. “It’s ...

Tech Mahindra Bids Highest for Satyam – Zacks Tale of the Tape

Zacks Market Commentaries (April 13th, 2009) Writes:
India's Tech Mahindra Ltd. won the bid to acquire a controlling stake in the beleaguered software giant Satyam Computer Services Ltd. (SAY) on Monday for over $500 million.

Tech Mahindra offered a bid of 58 Indian rupees per share for a 31% stake in Satyam, beating two other rivals: engineering major Larsen & Toubro Ltd and private equity firm WL Ross & Co.

Tech Mahindra, in which Britain's BT Group (BT) has 31% stake, will make a public offer to acquire an additional 20% in Satyam at the same price.

Last January, software giant Satyam shocked investors by revealing that its assets were overstated by more than $1 billion. Although founder B. Ramalinga Raju, co-founder B. Rama Raju, CFO Srinivas Vadlamani and three other employees have been arrested for cheating and forgery, investor confidence on Satyam has dwindled.

The acquisition is expected to restore confidence in India's

...

Zacks Analyst Blog Highlights: Pfizer Inc., Wyeth, Satyam Computer Services Ltd., VNUS Medical Technologies Inc. and Lincoln National Corp. – Press Releases

Zacks Market Commentaries (April 7th, 2009) Writes:
For Immediate Release

Chicago, IL - April 7, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Pfizer Inc. (PFE), Wyeth (WYE), Satyam Computer Services Ltd. (SAY), VNUS Medical Technologies Inc. (VNUS) and Lincoln National Corp. (LNC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Monday's Analyst Blog:

Pfizer Kept at a Hold

At the current level, Pfizer Inc. (PFE) is trading at 7.2x our 2009 EPS estimate of $1.89. We recently downgraded our recommendation on the shares from Buy to Hold based on our reservations that Wyeth

...

Zacks Bull & Bear of the Day Highlights: TransDigm Group, Satyam Computer Services, Apartment Investment, Mid-America Apartment and Marriott – Press Releases

Zacks Market Commentaries (March 19th, 2009) Writes:
...

Satyam Computer Services (SAY) – Bear of the Day

Zacks Market Commentaries (March 19th, 2009) Writes:
With the arrest of both Satyam Computer Services Ltd.'s (SAY) ex-CEO and ex-CFO, the interim management announced that it'll make all attempts to clean up its books and appoint a new auditor. A new Board has been formed to spearhead the task of salvaging the company, and three members have already been appointed by the Government of India itself.

A majority stake sale is currently being undertaken, and the Board of Directors announced that it will release the Request for Proposals (RFP) to all registered bidders. Previously, the Indian government announced that it would not step up to help Satyam with any financial assistance, citing the company's current receivables of approx. $350 million.

Given the recent developments, we had earlier downgraded SAY shares to a Sell and have suspended our estimates and target price. Zacks Investment Research

Sell Satyam – Target Suspended – Analyst Blog

Zacks Market Commentaries (March 18th, 2009) Writes:
With the arrest of both Satyam Computer Services Ltd.'s (SAY) ex-CEO and ex-CFO, the interim management announced that it'll make all attempts to clean up its books and appoint a new auditor. A new Board has been formed to spearhead the task of salvaging the company, and three members have already been appointed by the Government of India itself.A majority stake sale is currently being undertaken, and the Board of Directors announced that it will release the Request for Proposals (RFP) to all registered bidders. Previously, the Indian government announced that it would not step up to help Satyam with any financial assistance, citing the company's current receivables of approx. $350 million.Given the recent developments, we had earlier downgraded SAY shares to a Sell and have suspended our estimates and target price. Read the full analyst report on "SAY"Zacks ...
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No Ests for SAY – Analyst Blog

Zacks Market Commentaries (January 16th, 2009) Writes:
The saga of Satyam Computer Services Ltd (SAY) appears to be coming full circle now with the arrest of both the company's ex-CEO and ex-CFO, along with the interim management's announcement that it'll make all attempts to clean up its books and appoint a new auditor.

A new Board is being formed to spearhead the task of salvaging the company, and 3 members have already been appointed by the Government of India itself.

The option of a merger/takeover is on the table, although it is abundantly clear that there are no suitors at the current time. Recently, the Indian government announced that it would not step up to help Satyam with any financial assistance, citing the company's current receivables of approx. $350 million. Given the recent developments, we are downgrading SAY shares to a Sell and have suspended our estimates at the current time.

Udayan Mukherjee contributed to

...

Satyam (SAY) Rocked by Scandal

Contrarian Profits (January 15th, 2009) Writes:

Rocked by scandal, Satyam Computer Services Ltd. (ADR: SAY) is embarking on a massive corporate restructuring, but with India’s reputation as an investment destination and world leader in information technology at stake, time is of the essence and the government could be forced to step in with a financial bailout.

“We are considering all options and will soon announce definite steps to help the company overcome the current crisis as it is the question of saving jobs and an international brand,” Commerce and Industry Minister Kamal Nath said Monday. “The Prime Minister is closely monitoring the developments on Satyam.”

Indian authorities last Friday detained former Satyam Chairman B. Ramalinga Raju on charges of forgery, breach of trust and criminal conspiracy after the founder of India’s fourth-largest software exporter confessed to falsifying about $1 billion in cash on Satyam’s books and exaggerating

...

Satyam Update: No Gov’t Bailout – Analyst Blog

Zacks Market Commentaries (January 15th, 2009) Writes:
In this blog post, cited are Satyam Computer Services, Ltd. (SAY), Wipro (WIT), Infosys (INFY) and Nortel Networks Corp. (NT).In another blow to the struggling and beleaguered Satyam Computer Services, Ltd. (SAY), the Indian government announced earlier today that it would not step up to help Satyam with any financial assistance. We had indicated in our previous post that possibility exists for a government bailout, although there was no precedence in the Indian financial history of a bailout of such magnitude. It appears that the govt. rejection of a request by Satyam Computer Services Ltd. for financial assistance of 1.5 billion rupees ($30.8 million) to meet short-term payment needs puts the company in dire straits.It is also a clear indication that the company should not expect any financial support, either private or public, until the financial mess is sorted out ...

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