Thomas Victor

Infosys Sees Some Customers Delaying Finalizing 2008 IT Budgets

From thestreet.com, "INFY..downgraded at Goldman Sachs to Neutral from Buy due to lower visibility, reduced growth outlook, and limited catalysts. See need for increased investor confidence in 2009 estimates, as well as potential impact of U.S. recession. Maintained $45 price target"

Tech Sector Spooky, Nasdaq Down 14.7% Since Halloween Peak

At the lower prices, people are buying INFY and CTSH today, CTSH ended up 4.57% on more than normal volume.

Cognizant’s Growth Will Come From Europe

The lackluster Q4 guidance "doesn’t seem tragic at all" if it's just for a quarter but what if it is just the beginning of a lower growth phase for CTSH, INFY etc.?

Indian Outsourcing Stocks: Beware The Stronger Rupee

Eric,

Dayanand is correct, no way that CTSH is not going to be impacted by rising Indian wages. The key thing is where is the army of the software developers located?

My pick now is ACN.

All of my meagre investment money is in INFY and WIT. Otherwise I would now buy Accenture (ACN). Look at it's P/E ratio. I'm an Indian with a US MBA and currently working in a large California IT shop. I have experience of both the top US mgmt consultants and offshore software companies INFY, HCL & Covansys. Our company has sporadically offshored to those three.

ACN is located at the top of the food chain in this situation. They already have the established elite top level US consultants. Their problem is to rapidly establish a high quality software factory in India, luring away stars from INFY, TCS etc. plus recruiting from campuses.

That seems easier for ACN to do than for, say INFY, to establish a Mgmt Consulting presence in the US, and EU. Similar to Mittal and Tata making deals with Arcelor and Corus who are higher up in the food chain maybe the Indian companies should buy out ACN

Thomas