Indian software firm Satyam Computer Services sees no slowdown in US outsourcing demand even as the world's largest Economy lumbers under the weight of a housing downturn, a senior official said.
"U.S. is beginning to report a good pipeline now, especially in retail where recently we had some good success," Virender Aggarwal, a director, told Reuters in a phone interview from Manila on Friday. "The sentiment stays bullish as of today."
Investors have been worried about the impact of the U.S. subprime mortgage crisis on IT spending and Cisco Systems Inc Chief Executive John Chambers said last week that the company had seen "dramatic decreases" in orders from U.S. banks.
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.
"My feeling is about three deals will close by January," he said.
Courtesy : Expressindia.com
Satyam sees no US outsourcing slowdown
November 19, 2007, 5:27 pmAccord eyes $175 mn revenue
November 19, 2007, 5:26 pm
Technology firm Accord Software and Systems Ltd today launched a global navigation satellite system (GNSS) solution and expects to earn at least 175 million dollars in the next five years from it.
"The flight safety solution NexNav can be used as a primary navigation sensor in all kinds of aircraft. A NexNav equipped aircraft can avoid collision both in flight and on the ground," Accord CEO and Managing Director J M Sundaresan said.
He said NexNav received certification by the Federal Aviation Administration of the US on November 1.
NexNav is an air-borne GPS (global positioning system) sensor that tracks satellite signals and provides highly accurate position, velocity and time.
The avionics product is priced at 7,000 dollars, he said adding that "on a conservative estimate, we aim to sell 25,000 units in the next five years."
The Bangalore-based company said three entities in the US have shown interest in the product, he said. It has been chosen by aircraft maker Eclipse Aviation, and avionics overseas equipment manufacturers Chelton Flight Systems and L3 Communications.
"We have partnered with US-based Spectralux Corporation for manufacturing NexNav," Sundaresan said.
He said NexNav supports precision approach landing without any airport specific equipment. "Aircraft can fly up to about 60 metres height from the runway using NexNav."
NexNav also tracks signals from satellite-based augmentation system to provide accurate and reliable information, he said.
Courtesy : Expressindia.com
"The flight safety solution NexNav can be used as a primary navigation sensor in all kinds of aircraft. A NexNav equipped aircraft can avoid collision both in flight and on the ground," Accord CEO and Managing Director J M Sundaresan said.
He said NexNav received certification by the Federal Aviation Administration of the US on November 1.
NexNav is an air-borne GPS (global positioning system) sensor that tracks satellite signals and provides highly accurate position, velocity and time.
The avionics product is priced at 7,000 dollars, he said adding that "on a conservative estimate, we aim to sell 25,000 units in the next five years."
The Bangalore-based company said three entities in the US have shown interest in the product, he said. It has been chosen by aircraft maker Eclipse Aviation, and avionics overseas equipment manufacturers Chelton Flight Systems and L3 Communications.
"We have partnered with US-based Spectralux Corporation for manufacturing NexNav," Sundaresan said.
He said NexNav supports precision approach landing without any airport specific equipment. "Aircraft can fly up to about 60 metres height from the runway using NexNav."
NexNav also tracks signals from satellite-based augmentation system to provide accurate and reliable information, he said.
Courtesy : Expressindia.com
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