www.infystocks.co.uk

10 October 2007

TEC

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posted at 1:26 Indian time



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POSTEDAT: 2:15AM


Infosys to Host Analyst Meet
Tuesday October 9, 5:30 pm ET

FREMONT, Calif.--(BUSINESS WIRE)--Infosys Technologies Limited (NASDAQ:INFY - News) announced that it will host its Annual Analyst Meet on Monday, October 22, 2007 at the Grand Hyatt New York, Park Avenue at Grand Central, NY 10017. The event will take place from 8.00 am to 1.30 pm and will conclude with lunch.

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Mr. S. Gopalakrishnan, CEO will speak on the state of the business. Mr. S. D. Shibulal will speak on the operational highlights. Subsequently, heads of various business units at Infosys will make presentations during the day. The meet will conclude with an executive open house session

The proceedings of the meet will be webcast on www.infosys.com. The presentations made by various participants and transcripts of the day's discussions will also be made available on www.infosys.com.

About Infosys Technologies Ltd

Infosys (NASDAQ:INFY - News) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 75,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2007 and on Form 6-K for the quarter ended June 30, 2007. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.


Contact:

Infosys Technologies Ltd, US
Peter McLaughlin, 213-268-9363
Peter_Mclaughlin@infosys.com

Source: Infosys Technologies Limited




IGATE WE RECOMEDATED 2 DAYS BEFORE ON 255 NOW 347

Oct 10 (Reuters) - Shares in India's iGATE Global Solutions (IGAT.BO: Quote, Profile, Research) rose as much as 10 percent on Wednesday after the software services firm said its U.S. parent intends to buy out minority shareholders and it reported a sharp rise in profit.

The mid-sized firm, 81.1 percent owned by U.S.-based iGATE Corp (IGTE.O: Quote, Profile, Research), expects its strong outsourcing business momentum to continue regardless of the buyout plan, which will see its Indian shares delisted, its chief executive told Reuters.

iGATE Corp said the delisting of iGate Global, which earns about 25 percent of its revenue from General Electric (GE.N: Quote, Profile, Research), was expected to be completed by December 2007. iGATE Corp will continue to be listed on Nasdaq stock exchange.

At 0948 GMT, shares in iGATE Global were up 7.2 percent at 340 rupees, valuing the company at around $275 million, after opening up 10 percent at a four-month high of 348.80 rupees.

by erectusplus at 13:41:00 |