Mar 28, 2007

Satyam wins $200mn Applied Materials deal

Satyam Computer Services, a leading global IT services company, today signed an estimated $200 million (around Rs 900 crore) five-year contract with California-based Applied Materials Inc, a global leader in microchips that serves the electronics industry.Satyam will provide application development, maintenance, and support (ADMS) besides business transformation core technology services to Applied Materials through a managed services delivery model.

Satyam has provided ADMS and engineering services to Applied Materials for more than five years prior to this announcement. Last year, Satyam has signed a $71 million 7-year contract with Australian airline, Quantas, and a $30 million 10-year contract with the Punjab and Sind Bank.

BUY SATYAM @ CMP : DELIVERY CALL

TARGET 1 - 483
TARGET 2 - 502
TARGET 3 - 520+
SL -- 445
TIME FRAME - Shortterm ( 1 to 2 months )

SATYAM 1 YEAR PRICE TARGET -- 620 + ( Only for Investors )

NOTE : Traders can keep a trailing stoploss based on the script movement.

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