Monday, July 9, 2007

Sify Limited (ADR) (Public, NASDAQ:SIFY)

is an internet company based in India (see full description below) and it looks like the long consolidation could be about to end. I would consider this stock for purchase above 9.10.

Did you see the action in OSTK today? NICE!!

Keep an eye on WRSP too, it is looking ready to go.

Sify Limited (Sify), formerly known as Satyam Infoway Limited, is an integrated Internet, network and electronic commerce services company in India, offering end-to-end solutions with a range of services delivered over a common Internet backbone infrastructure. Its services enable its business and consumer customers to communicate, transmit and share information, access online content and conduct business remotely using the Company's private data network or the Internet. Sify's Internet and network services include corporate network/data services, Internet access services, online portal and content offerings, and other services. Sify conducts substantially all of its business in India. Its subsidiaries include Sify Communications Limited (formerly Safescrypt Limited), Indiaworld Communications Limited, and Sify Networks Private Limited. As of March 31, 2006, the Company operated 171 points of presence serving more than 250 cities across India. In June 2006, Sify acquired Globe Travels.