Date updated:07-21-2007
From Barron's 7-23-07:
"...the cause is India's currency, the rupee. Once one of the most enfeebled currencies in Asia, it has been on a tear in recent months, appreciating by an unprecedented 7.1% in the second quarter alone...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. A further drag on industry leaders is surging salaries -- a worrying new phenomenon caused, perhaps inevitably, by the increasing size, wealth and power of India's tech sector. Both factors have hit stock prices."
Nonetheless, the basic themes in India's remarkable recent run haven't been shaken. The country's top technology companies are among the most aggressive in the world, keeping costs low, reinvesting heavily and continually pushing into non-U.S. markets. And despite the robust rupee's fiscal-first-quarter toll, the broader earnings outlook remains bright..."Currency is the overriding near-term issue -- it's going to be choppy trading for a while, but that may create opportunities for investors."

-
INFY
Infosys Technolog - $50.87
- +2.85%
- $50.51
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."

-
SYNT
Syntel - $40.03
- +1.86%
- $39.39
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%."

-
WIT
Wipro Ltd. - $19.85
- +2.11%
- $19.41
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%."

-
CTSH
Cognizant Technol - $44.83
- +1.54%
- $44.25
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%."

-
SAY
Satyam Computer S - $5.38
- -2.00%
- $5.35
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."
- Top Professional Portfolios
- 1. Navellier & Associ...
- 2. Fidelity Contrafund - ...
- 3. Argus Management
- 4. Charlie Munger
- 5. Calamos Advisors
- show all
- Top Do-It-Yourself Portfolios
- » John Shier
- » Joy
- » tsamanuli Portfolio 1
- » Albo's First Portfolio
- » Fundsonly Portfolio 1
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- » Renaissance Technologies
- show all
By Roberto Pedone According to Jim Cramer, investors shouldn’t read too much into Thursday’s market action. He reminded investors that the market has gone up for six...
By Roberto Pedone Posted on Nov. 12, 2009 According to CNBC’s “Fast Money” traders, stocks continued to move higher this week, maintaining their strength off the ...
By Jonas Elmerraji Posted on Nov. 11, 2009 Recently we put our short-squeeze focus on smaller stocks; this week we’re going large-cap. With higher trading volumes, mo...
By Jonas Elmerraji Posted on Nov. 10, 2009 After six straight days of gains, the markets are taking a breather today, which gives us the chance to focus our attention b...
A. yes...he's making his own videos.
A. The only one I own : SLX,
too hard pick a winner out all of them
Analyst Upgrades for Nov. 13, 2009. Read more here. more
Here are some of the largest % gainers from Nov. 13, 2009. more
Analyst Downgrades for Nov. 13, 2009. Read more here. more











Comments not available