ET NewsNovember 4th Week Anupinder Singh Sekhon MBA 2c
Top 5 Companies in the IT Consulting & Other Services Industry With the Highest Gross Margin (FORR, IT, TDC, CPBY, IBM)
Forrester Research (FORR) has gross margin of 62.5%, a sales growth of 10.9%, and trailing 12 months sales of $245.1 million.
Gartner (IT) has gross margin of 57.5%, a sales growth of 10.7%, and trailing 12 months sales of $1.2 billion.
Teradata (TDC) has gross margin of 57.1%, a sales growth of 15.1%, and trailing 12 months sales of $1.9 billion.
China Information Security Technology has gross margin of 48.1%, a sales growth of 52.7%, and trailing 12 months sales of $134.2 million.
International Business Machines (IBM) has gross margin of 45.3%, a sales growth of 3%, and trailing 12 months sales of $98.1 billion.
SmarTrend currently has shares of Gartner in an Uptrend and issued the Uptrend alert on July 26, 2010 at $25.32. The stock has risen 29% since the Uptrend alert was issued.
SC reserves verdict on plea to prosecute Raja
The Supreme Court on Wednesday reserved its verdict on a plea seeking a direction to Prime Minister Manmohan Singh for grant of sanction to prosecute former Telecom Minister A Raja in the 2G spectrum case.
A bench of Justices G S Singhvi and A K Ganguly reserved the verdict after concluding the hearing on the petition filed by Janata Party President Subramanian Swamy.
The bench asked the Attorney General G E Vahanvati to place before it the number of matters relating to sanction pending before the competent authority in various government departments in one week.
The AG said he will check from various departments and inform the court
MOIL first PSU IPO with revised retail cap of 2 lakh
Retail investors will be able to invest up to. 2 lakh in the upcoming initial public offer of Manganese Ore India Ltd or MOIL, ensuring a big scramble for the small offering.
The issue will open on November 26, asking investors to bid for 3.3 crore shares in a price band of . 340-375 a share.
The issue will close on December 1 for retail investors and a day before on November 30 for qualified institutional investors.
MOIL is offering 5% discount to retail investors and MOIL employees.
2G scam: Govt reaches out but BJP firm on JPC probe
In a bid to end Parliament impasse, the government on Sunday reached out to BJP saying it was ready for a discussion on 2G spectrum issue and a Supreme Court-monitored CBI probe but rejected the demand for a JPC, which failed to cut ice with the main Opposition.
The senior Congress leader also suggested that the Supreme Court can take over the supervision of the CBI probe into the 2-G scam. But this prompted the two leaders to ask as to how the government could ensure this.
Groupon in talks with Google for $3-bn sellout
Groupon, a Chicago-based startup, would give Google more of the $133-billion US local advertising market and help it benefit from surging demand for coupons, sent via the Web, for products and services.
Google chief executive officer Eric Schmidt is stepping up the pace of acquisitions to spur growth and keep from losing business as Facebook, the largest social networking service, adds features and lures web surfers.
Groupon earlier held failed negotiations with Yahoo! and may not clinch a deal with Mountain View, California-based Google, the people said.
Groupon may become Google's most expensive target. In 2008, the web search leader paid $3.2 billion for DoubleClick, an online advertising provider.