Monday, March 13, 2006

SIFY to Present at JPM Global Internet Conference, NY

SIFY will be presenting on Tuesday, March 14, at 4:05 p.m. ET. See full story here.

SIFY might be in a better position than what the market thinks (as judged by the small market value of $300M given to the company). The key here are the company's Internet cafes-They are like weed, coming up in all kinds of locations throughout India. Assuming that Internet cafes in India will be around for a while (the average Indian won't be able to afford to buy a computer for quite some time), the fact that SIFY runs the biggest network of them will mean that by default, they will start with sify.com or sifymax.com as their homepage. And you know what that means. See the search revenues of Yahoo and Google.com in the US-The advertising from those tiny ads on the right site (and some at the top) brings in top dollars. If SIFY can develop a good model for Search advertising, either in house or thru a partnership with big dogs like Google, Yahoo and Microsoft, and they get the eyeballs from their Internet cafes, this will be a real gravy train for investors in SIFY stock.

REDF on the other hand is already given $600M in market value-making it the most valued Internet Company of India. I will not be surprised if in the years to come SIFY actually becomes the dominant company in the Internet Stock Landscape of India.

Sanjay John G.


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