No. of Recommendations: 1
Here is another gem to consider in the foreign stocks. Satyam Infoway is on the grow !!

Who they are

Satyam Infoway Limited is a national provider of Internet access and Internet services to consumers and businesses in India.

Satyam Infoway is the second largest national provider of Internet access and Internet services to consumers and businesses in India. As of the end of December 1999, the Company had more than 118,000 consumer Internet subscribers. The Company's network presently serves 34 cities throughout India. The products of Satyam Infoway include consumer internet access services, on-line portal and content offerings, and corporate network and technology services. The portal, www.satyamonline.com, is the country's leading portal with services in areas such as travel, finance, health and shopping, etc. Over 350 large corporations use Satyam Infoway's Business-to-Business products and services. UUNet Technologies, Sterling Commerce and Open Market are some of Satyam's distinguished partners.

Financials

Satyam Infoway's revenues grew significantly compared to the relevant period for the previous year. Total revenues for the fiscal quarter ended December 31, 1999 were Rs.184.6 million ($4.2 million) as compared to Rs.22.0 million in the corresponding quarter of the previous year, representing an increase of 839%. Revenues for the nine months ended December 31, 1999 were Rs.392.9 ($9.0 million) as compared to Rs.57.4 million for the nine months ended December 31, 1998, representing an increase of 685%. Satyam Infoway commenced its Internet Service Provider operations in November 1998 and, as of December 31, 1999, had approximately 118,000 subscribers compared to approximately 87,000 at September 30, 1999 and approximately 4,700 at December 31, 1998.


So, as I see it, there are 1 billion people in India, 250 million of them middle class, well educated english speaking. So the top demographic of India is larger than the whole population of the US, they have money, and they speak english. A huge market you might say? Just getting started?

Revenue growth of almost 900% last quarter? hmmmm
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