Sify

SIFY: KBRO reiterates ‘Hold’ and lowers Price Target to $7

Following is an excerpt from the note Sameet Sinha, Senior Equity Research Analyst, at Kaufman Bros. (KBRO), sent to clients:
FISCAL 1Q08 RESULTS IN LINE BUT CAPEX TO INCREASE IN 2008

Results generally in line. Sify reported fiscal 1Q08 revenue of $34.6 million in line with our estimate of $34.5 million. Gross margins came in […]

July 23rd, 2007 | Posted by Himanshu Pandya in Sify | No Comments »

SIFY: KBRO reiterates ‘Hold’ rating after the recent run up due to the Microsoft Alliance

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 […]

July 12th, 2007 | Posted by Himanshu Pandya in Sify, Rediff | No Comments »

SIFY: Kaufman Bros. reiterates ‘Hold’ rating.

Following is an excerpt from the note Sameet Sinha, Senior Equity Research Analyst, at Kaufman Bros. (KBRO), sent to clients:

TRANSITION CONTINUES; MAINTAIN HOLD

Higher SG&A affects EBITDA. Sify reported fiscal 4Q07 revenue of $33 million versus our estimate of $32.2 million. Gross margins came in at 46.7%, above our estimate of 46.5%; adjusted EBITDA […]

April 23rd, 2007 | Posted by Himanshu Pandya in Sify | No Comments »

Kaufman Bros: Sify Q407 Earnings Preview

Following is an excerpt from the note Sameet Sinha, Senior Equity Research Analyst, at Kaufman Bros. (KBRO), sent to clients:
PREVIEW OF FY4Q07 EARNINGS

SIFY is expected to announce fiscal 4Q07 earnings before the market opens tomorrow, followed by a conference call at 8:30 a.m.
Estimates. Our estimates call for revenues of $32.2 million (up […]

April 21st, 2007 | Posted by Himanshu Pandya in Sify | No Comments »

A pathetic quarter for Sify. So far, CEO Raju Vegesna has failed to turn the company around.

I realize that Raju Vegesna only took over as the CEO in July of 2006 but so far he has failed to turn Sify (Nasdaq: SIFY) around.  The fact is that he bought the majority stake in Sify back in November of 2005 so he as been with the company as its chairman for over a year now.  […]

January 22nd, 2007 | Posted by Himanshu Pandya in Sify | 2 Comments »

No love lost between Yahoo! India and Sify

Alright this is a strange story and worth sharing. (via DNAIndia)
Apparently, six Yahoo! India (Nasdaq: YHOO) employees used forged ID cards to get into Lakme India Fashion Week and took unauthorized photographs. Sify’s (Nasdaq: SIFY) broadband portal, SifyMax, was one of the official sponsors of the event and even has some exclusive […]

December 6th, 2006 | Posted by Himanshu Pandya in Sify | 3 Comments »
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