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Nov19
Satyam not worried of US housing slow down
US economy's lumbering under the big bad housing bubble can not slowdown Satyam, one of India's biggest software services companies. While exuding much confidence Virender Aggarwal, one of the directors said,

U.S. is beginning to report a good pipeline now, especially in retail where recently we had some good success. The sentiment stays bullish as of today.

Only retail? I think we would really like to know Satyam's stand on other verticals as well. It's a common belief that US subprime mortgage crisis has put a hold on many companies' IT budget. The director did not speak on that.

India's No. 4 software services exporter Satyam, which specialises in business software, is negotiating about three deals close to $100 million each and five deals in the range of $20-$50 million, Aggarwal said.

Seven of those potential deals are in Asia-Pacific and one in South Africa, said Aggarwal, who heads the business in Asia-Pacific, Africa, India and the Middle East.

 

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