Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
HCL Technologies
Rise is shorting opportunity
Posted by :
snehmitr3Tracked by: 0 Boarder
What is the price expected after the board meeting ??...
In reply to:
Rise is shorting opportunity
Posted by :
fmcgbites
Rise is shorting opportunity in hcl tech. 
NSE Announcements on HCL Tech
Posted by :
MMB MessengerTracked by: 0 Boarder
Hcl Technologies Ltd has informed the Exchange regarding a release dated October 10, 2008, titled " Recommended Cash Offer For Axon Group Plc By Hcl Eas Limited, An Indirect Wholly- Owened Subsidiary Of Hcl Technologies Limited". The copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on HCL Tech
Posted by : MMB MessengerTracked by: 0 Boarder
HCL Technologies Ltd has informed BSE regarding a Press Release dated October 10, 2008 titled "Recommended Cash Offer for Axon Group PLC by HCL EAS LIMITED, an Indirect Wholly-owned Subsidiary of HCL Technologies Ltd"...
Rise is shorting opportunity
Posted by : fmcgbitesTracked by: 0 Boarder
Rise is shorting opportunity in hcl tech....
BSE Announcements on HCL Tech
Posted by : MMB MessengerTracked by: 0 Boarder
HCL Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 15, 2008, inter alia, to transact the following:
1. Consider and take on record the Un-audited Financial Results of the Company for the quarter ended September 30, 2008.(Q1)
2. Consider the payment of Interim Dividend for the year 2008-09.
Further the Company has informed that the book closure from October 23, 2008 to October 24, 2008 (both days inclusive) fixed by the Company for the purpose of Final Dividend (2007-08) shall also apply for the payment of the aforesaid interim dividend, if approved by the Board of Directors....
AXON--Prefers HCL Tech
Posted by : RAVIKUYSTracked by: 0 Boarder
From your message, it is clear you either an Infosys employee or a Infosys share holder.
I have 11 yrs of experience in IT (particularly SAP consulting). I think this is a wonderful move on part of HCL to buy Axon. Although HCL will have to strain initially but this move will reward them very well in the later stages say 2-3 years down the line....
In reply to:
AXON--Prefers HCL Tech
Posted by : Guest
Finally Axon global has accepted the HCLT offer. I think Infosys did a good thing by not getting in to a bidding war. Looks like HCL surely has overpaid for Axon global under the current market conditions. As per Axon global\\`s press releases posted in their own web site, Axon Global bought the following companies in the past 2 years and they are still struggling with the integration.
Business of Consulting
Principles Pty Ltd
SCM Solutions
EnterSys Group L.P
Zytalis
PremierHR
GFI Informatique
JSPC i-Solutions Berhad
TUI Consulting
They also enterted some kind of joint venture with the following companies (List incomplete)
Joint venture with Balance Consulting
Joint venture with Pratt & Whitney
Joint venture with Consulting Principles
Joint venture with everis
Joint venture with intelligence
Joint venture with Acando
Joint venture with Lodestone
Now they all have to intergrate themselves with HCL, which is a totally a differnet culture. Axon Global is NOT well known in US and there is no way HCL is a winner in US. Perhaps HCL will get some govenment business and that is about it. It is not clear how much of these revenues are real revenues. Perhaps significant portion of it are pass through revenues to so called joint ventures (i.e Axon sub contracted the work to other small consulting firms). This means so called the revenue in the books more like a funnt money ( just merely a pass through revenue).
Now let us look at the rate cards: Axon global rate cards are probably much higher (Between 0 to 200 per hour range) , compared HCL rate cards. Now under the HCL branding clients will demand HCL rates which are probably lot lower. This will put additional pressures on the margins.
Congratulations to HCL for winning the deal. However Infy folks are smart to walk away from this deal. Now Axon problems are HCL\\`s problems.
As per the Axonglobal/HCL agreement which is already posted in the web, there is nothing in the agreement which prevents HCL from walking away from the deal. There is no inducement fee HCL has to pay, if it walks away after doing the detailed due diligence.
AXON--Prefers HCL Tech
Posted by : GuestTracked by: 0 Boarder
Finally Axon global has accepted the HCLT offer. I think Infosys did a good thing by not getting in to a bidding war. Looks like HCL surely has overpaid for Axon global under the current market conditions. As per Axon global\\`s press releases posted in their own web site, Axon Global bought the following companies in the past 2 years and they are still struggling with the integration.
Business of Consulting
Principles Pty Ltd
SCM Solutions
EnterSys Group L.P
Zytalis
PremierHR
GFI Informatique
JSPC i-Solutions Berhad
TUI Consulting
They also enterted some kind of joint venture with the following companies (List incomplete)
Joint venture with Balance Consulting
Joint venture with Pratt & Whitney
Joint venture with Consulting Principles
Joint venture with everis
Joint venture with intelligence
Joint venture with Acando
Joint venture with Lodestone
Now they all have to intergrate themselves with HCL, which is a totally a differnet culture. Axon Global is NOT well known in US and there is no way HCL is a winner in US. Perhaps HCL will get some govenment business and that is about it. It is not clear how much of these revenues are real revenues. Perhaps significant portion of it are pass through revenues to so called joint ventures (i.e Axon sub contracted the work to other small consulting firms). This means so called the revenue in the books more like a funnt money ( just merely a pass through revenue).
Now let us look at the rate cards: Axon global rate cards are probably much higher (Between 0 to 200 per hour range) , compared HCL rate cards. Now under the HCL branding clients will demand HCL rates which are probably lot lower. This will put additional pressures on the margins.
Congratulations to HCL for winning the deal. However Infy folks are smart to walk away from this deal. Now Axon problems are HCL\\`s problems.
As per the Axonglobal/HCL agreement which is already posted in the web, there is nothing in the agreement which prevents HCL from walking away from the deal. There is no inducement fee HCL has to pay, if it walks away after doing the detailed due diligence.
...
In reply to:
AXON--Prefers HCL Tech
Posted by : rvk41
British software firm Axon Group Plc said on Thursday that it was dropping its recommendation of a takeover bid from Infosys Technologies in favour of a higher offer from HCL Technologies.
Infosys' 407 million pound ($725.6 million) bid for Axon was last week trumped by HCL's cash offer of 441.1 million pounds.
Axon said it gave Infosys 60 hours to mull over the higher HCL offer before it shifted its recommendation.
Axon said it was pleased that HCL, with which it has had a long-standing relationship, has "recognised the quality of the Axon business".
FOR information,with regards
rvk41
AXON--Prefers HCL Tech
Posted by : rvk41Tracked by: 0 Boarder
British software firm Axon Group Plc said on Thursday that it was dropping its recommendation of a takeover bid from Infosys Technologies in favour of a higher offer from HCL Technologies.
Infosys' 407 million pound ($725.6 million) bid for Axon was last week trumped by HCL's cash offer of 441.1 million pounds.
Axon said it gave Infosys 60 hours to mull over the higher HCL offer before it shifted its recommendation.
Axon said it was pleased that HCL, with which it has had a long-standing relationship, has "recognised the quality of the Axon business".
FOR information,with regards
rvk41
...
AXON--Prefers HCL Tech
Posted by : rvk41Tracked by: 0 Boarder
British software firm Axon Group Plc said on Thursday that it was dropping its recommendation of a takeover bid from Infosys Technologies in favour of a higher offer from HCL Technologies.
Infosys' 407 million pound ($725.6 million) bid for Axon was last week trumped by HCL's cash offer of 441.1 million pounds.
Axon said it gave Infosys 60 hours to mull over the higher HCL offer before it shifted its recommendation.
Axon said it was pleased that HCL, with which it has had a long-standing relationship, has "recognised the quality of the Axon business".
FOR information,with regards
rvk41
...
HCL Vs Infosys- Getting Ready
Posted by : rvk41Tracked by: 0 Boarder
HCL Technologies, which rivaled Infosys bid for Axon Group, has secured the GBP 400 million loan component to fund its offer, at an attractive interest rate of about 6.5% per annum, based on the current dollar LIBOR rate, reports Business Line.
Sources reveal that the borrowing has been structured in such a way that the loan attracts a dollar LIBOR instead of pound.
Last week, HCL Technologies announced a cash offer of 650 pence a share for the UK-based SAP consulting company valuing it at GBP 441.1 million, over 8% higher than a rival GBP 407 million offer made by Infosys Technologies.
HCL has signed an `inducement fee contract` with Axon, which entitles it to get 1% of the bid amount if it failed to acquire the consultancy firm
For information,with regards
rvk41...
multibaggerstocktipsadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
good stocks will always give good return and that could be easily availed from the title of this message...
...
HCL Tech
Posted by : zoombusinessTracked by: 1 Boarder
Morgan Stanley has downgraded HCL Tech to underweight post the Axon counter-bid. Morgan Stanley said that the HCL Tech bid for Axon is marginally dilutive to the EPS with target of Rs 200....
BSE Announcements on HCL Tech
Posted by : MMB MessengerTracked by: 0 Boarder
HCL Technologies Ltd has submitted to the BSE a copy of the announcement being issued by the Company through HCL EAS Limited, an indirect wholly owned subsidiary incorporated in the UK under rule 2.5 of the City code on Takeovers and Mergers, UK....
NSE Announcements on HCL Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Hcl Technologies Ltd has submitted to the Exchange a copy of the announcement being issued by the Company through HCL EAS Limited, an indirect wholly owned subsidiary incorporated in the UK under rule 2.5 of the City code on Takeovers and Mergers, UK. Further, the company has informed the Exchange that: "The Board of HCL Technologies is pleased to announce the terms of a cash offer to be made by HCL EAS ( an indirect wholly owned subsidiary of HCL Technologies which has been formed specifically for the purposes of making the Offer) to acquire the entire issued and to be issued share capital of Axon. The Offer: Under the terms of the Offer, Axon Shareholders will receive for each Axon Share 650 pence in cash inclusive of the Interim Dividend. The Offer price values the entire issued and to be issued share capital of Axon at approximately Pound 441.1 million. The Offer price represents a premium of : 1) 42.6 per cent to the average Closing Price of 455.7 pence per Axon Share for the three months ended 22 August 2008, being the last business day prior to the announcement of the offer by Infosys for Axon; 2) 29.4 per cent to the Closing Price of 502.5 pence per Axon Share on 22 August 2008, being the last business day prior to the announcement of the offer by Infosys for Axon; and 3) 8.3 per cent to the Infosys offer of 600 pence per Axon Share, inclusive of the Interim Dividend". The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on HCL Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Hcl Technologies Ltd has informed the Exchange regarding a press release dated September 26, 2008, titled " HCL Technologies announces cash offer of 650 pence per share for Axon Group plc". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
3 queries on HCL Tech
see moreMore from the Computers - Software Sector
Boarders tracking HCL Tech
see more News Updates on HCL Tech
Explore Moneycontrol
