Satyam Computer Services

Satyam may plan for buyback....

Posted by : marketman

As expected few days back,now satyam management considering buy back of its shares to protect the value of investors.... so,at around 300,the scrip may continue to get support for the near term....

Satyam may plan for buyback....

Posted by : phk

vkk43,,Ok Sir, next week if timex,goes much below 15rs,i will again take a chance//,as it will be for a long term ,i will sell half, if i get reasonable gain ,thanks for your reply,always greatfull,PHK,

Satyam may plan for buyback....

Posted by : phk

thanks,vkk43,my total 9 lakhs investment had gone up to 36 lakhs, at 21000 index, now it is 15 lakhs,godrej group ,reliance group,some tata groups,are my main investment,now again have to wait for some years,sir,PHK/

Satyam may plan for buyback....

Posted by : vkk43

At 60, u can buy some qty of IH.

Satyam may plan for buyback....

Posted by : phk

sir if i get 60 can i buy little or still wait (for tommrow)?

Satyam may plan for buyback....

Posted by : vkk43

Y can possibly get at around 13/- shortly. Pl. wait. My advice only. In this market we should buy on every fall and not in one instalment as we are not sure how long this bearishness will last and the price fall in shares. For IH, next support is at 60/- only.

Satyam may plan for buyback....

Posted by : phk

thanks vkk43,for telling me to wait, i did not buy today, now to mmrow if this trend continues i may get at13/50 or even 13// it is very difficult to catch low price in market,and in long term it will efect my profit,as i have to buy any way,Should i wait still or take this oppor,to mmrow? at 65 i have bought ind hotels/phk/

Satyam may plan for buyback....

Posted by : vkk43

Now it is available below 15/-.

Satyam may plan for buyback....

Posted by : phk

vkk43,,Ok Sir, next week if timex,goes much below 15rs,i will again take a chance//,as it will be for a long term ,i will sell half, if i get reasonable gain ,thanks for your reply,always greatfull,PHK,

Satyam may plan for buyback....

Posted by : shareviews

Satyam and Wipro, nothing much for the investors to expect for the time being.

Large Software Companies may go backrupt overnight

Posted by : snack

It may be useful to understand what exactly is this "hedging" which every body is talking about - as something which is disastrous. If a company DOES NOT hedge, then it is keeping itself open to risk. Let us say TCS has sold services for 10 million USD and booked the revenues at Rs.41 per dollar. If by the time the client pays, the dollar improves to Rs.45, then TCS is actually getting an additional Rs.4 crores - which is booked as miscellaneous income. Similarly, if the dollar drops, then they book a loss. To avoid such miscellaneous incomes/losses, TCS goes to a bank and hedges its receivables - i.e 10 million USD at the revenue booked rate of Rs.41. If the hedged rate is different, then as per accounting standards, they immediately book the difference against their revenues the same month. Now, in this case, irrespective of the dollar movement, they will receive Rs.41 per dollar - which makes no difference to their bottom lines.

Companies which are not in the forex business, do this hedging to avoid affecting their main stream revenues from ANY fluctuation in the forex markets. This is prudent financial practices. When the dollar dropped, there was a hue and cry that IT companies DID NOT hedge. Perhaps if they had not hedged now, they would be sitting on additional "unearned" pots of cash....but by hedging, they just maintian status quo.

Bill Gates positive on US IT business now

Posted by : IT_Bulls

No depression, major recession, from US finance crisis: Bill Gates.

The slump triggered by the collapse of the subprime housing market requires "some type of correction," Gates added, "but fundamentally ...

Companies` willingness to invest, right now we haven`t seen a huge disruption in that."


"The amount of innovation taking place, the amount of investment is actually greater today than ever,"
Gates said.

"Because you not only have more American companies with more scientists and engineers and innovators, but now you have ...

People from all over, including lots of people in India and China, now contributing to new drug design, new software design, new energy generation design."

Large Software Companies may go backrupt overnight

Posted by : snack

If this is somethinglike the F&O, then there is an option for rollovers, till the price reaches the costs again - so that there is no real need for booking M2M, isn`t it ? Only in mutual funds, etc, there is always a M2M markups, so that redemptions are priced at current markets always. In a single company, or single investor situation, why should one ever book M2M`s - other than , perhaps for tax advantages. If one really does not need to exit, then one need not worry about losses. For instance, if a person has bought Reliance Share as a long term strategy, should he panic and sell if the price drops - or for that matter, sell off if the price gets a minor rise ?

In a time when the US markets are in trouble, why should dollar appreciate ? I read somewhere that the dollar is going up against the rupee mainly because the US funds are frantically raising cash to pay their debts. And this is raised by selling their positions in India - against rupee - and using this rupee to buy up dollars - which is pushing up the price of the dollar. This certainly seems very temporary - and also the introduction of the currency trading has brought speculation, which is making the dollar stronger.

And at any rate, normal companies, which are not in the currency trading business, can only hedge to the extent of exposure - namely their outstandings (like debtors or receivables). Is that so substantial ?

Large Software Companies may go backrupt overnight

Posted by : usgoel

Dear All,

This is a serious issue and must be brought to light for all investors of software companies.

As all know, software companies are already getting hit by slowdown in US and worldwide.

But even worstening is the fact that big companies like TCS, Infosys, Stayam, Wipro and HCL have done huge hedges (upto around 3 years of their revenue estimates) at around $41.

What that means is that, they are in huge M2M losses which they are not booking. So, even though their book shows large profits, fact is that they don`t have tha profit in hand because all that is already gone in paying M2M. So that is only booking profits / captial.

If the dollar further jumps, it gives birth to 2 conditions. Either these large companies will cut there shorts or they have to pay M2M but their real capital won`t allow them to pay M2M

I don`t know anybody who has worked in Futures and options but it is like that you have sold a future of a stock at say 100 and it has risen to 120. Though you have not booked loss in your books, but actually, you are sitting on loss of 20.

Say when you sold that future at 100, you estimated that it won`t go above 125 so you won`t ever run into losses more than Rs.25, so being in that illusion you short 4 futures at Rs.100 although thus leaving behind only Rs.25 per lot with you as holding capacity.

This essentially means that software companies MAY GO BANKRUPT OVERNIGHT IN WHILE THEY STILL SHOWING PROFIT IN BOOKS AND EMBARASSING THE INVESTORS TO THINK, WHAT ACTUALLY HAPPENED.

Remember, when HCL booked M2M on Rs.43 (so booked only 2 rs. m2m) and it actually booked 360 crore Rs. now imagine that companies like infosys , tcs, satyam and wipro have much larger short in terms of Dollar and they already are in loss of Rs.6 per dollar (with dollar climbing over 47). So all the big software comanies are sitting on very huge losses and may go bankrupt any time.

My advice is please be aware of this fact and act accordingly.

Be a wise Investore and be informed !

Satyam may plan for buyback....

Posted by : stkstudent

All the time during the trading, for the deal to take place, the buyer`s price and the seller`s price have to match. Otherwise either the buyer or the seller has to make his price match the others price, depending upon who is keen to make the deal. The process remains constantly on during the trading hours and the actions are based very much on the general market sentiment. Practically every investor is generally aware about the process. Thanks for your prompt responses.