From Barron's 7-23-07: "The rising rupee is dampening earnings at India's leading tech companies, most of which derive more than half their sales from clients in the U.S. As a result, Nasdaq-listed Infosys (ticker: INFY) saw around five cents swept off diluted earnings per American depositary share for the first quarter of fiscal 2008, which for India's companies began April 1...However, Infosys posted diluted earnings of 46 cents a depositary share in the quarter, compared with 31 cents a year ago. Gilford Securities has raised its estimates for fiscal 2008 to diluted earnings of $1.95 on revenue of $4.187 billion, from $1.85 on revenues of $4.165 billion."

From Barron's 7-23-07: "Shares of Infosys, Syntel (SYNT), Wipro (WIT) and Cognizant Technology Solutions (CTSH) have lost between 5% and 12% of their value over the past three months, even as the Nasdaq gained nearly 8%."

From Barron's 7-23-07: "Shares of Infosys, Syntel (SYNT), Wipro (WIT) and Cognizant Technology Solutions (CTSH) have lost between 5% and 12% of their value over the past three months, even as the Nasdaq gained nearly 8%."

From Barron's 7-23-07: "Shares of Infosys, Syntel (SYNT), Wipro (WIT) and Cognizant Technology Solutions (CTSH) have lost between 5% and 12% of their value over the past three months, even as the Nasdaq gained nearly 8%."

From Barron's 7-23-07: "Only NYSE-listed Satyam Computer Services (SAY) has bucked the headwind -- its stock is up almost 10% in that time thanks to a concerted effort to hire cheaper college grads and keep costs down."