Kaufman Bros. has kept Sify’s (Nasdaq: SIFY) rating and price target of $8 unchanged. The Microsoft (Nasdaq: MSFT) alliance news did provide some nice gains but I think this is an opportunity for some people to get out. Longs will probably get a better entry point in the future. The stock kind of ran out of gas [...]
Rediff (Nasdaq: REDF) reported third quarter numbers today that looked pretty good. The stock opened up huge in pre-market but sort of settled down by the end of the day for just a 2.80% gain.
Let look at the highlights from the third quarter (ended December 31, 2006):
3Q revenues totaled $7.75 million – 54% [...]
ContentSutra: Rediff (Nasdaq: REDF) will be launching an online game this quarter according to its Founder and CEO, Ajit Balakrishnan. They are working on this initiative in-house instead of making acquisitions. Online gaming hasn’t really taken off in Indian and all accounts indicate that Sify’s (Nasdaq: SIFY) entry into online gaming has been [...]
Rediff.com India Limited (Nasdaq: REDF), India’s number one internet portal, reported its Q1 numbers on Thursday July 20th, 2006. Investor’s applauded the numbers and sent the stock up almost 17%.
Let’s look at the highlights of the quarter:
Revenues for the quarter ended June 30, 2006 were US$5.78 million – 37% YoY increase. (Rediff didn’t provide QoQ [...]
IndianTelevision: World cup turned out to be coupe for online portals such as Rediff (Nasdaq: REDF) and Sify (Nasdaq: SIFY).
Thousands of clips of World Cup football related content were viewed on Sify’s broadband portal Sify Max in the first two weeks of the tournament. The most watched clip was the Brazil v/s France match [...]
Background: Rediff.com India Limited (Nasdaq: REDF) is India’s leading online portal. Rediff has had a rough time since reaching its all time high of 33.75 in February 2006. Jim Cramer recommending Rediff on his Mad Money show was the primary reason the stock made it into the 30’s. The stock moved [...]
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