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Virtualization: Avastu Financial Market Report coming next month

I will be revealing our strategy in the upcoming Belgium conference as well. Our associate, Ashish Anand, a Certified Financial Market Analysis from India, reported with the following observations:

I have been collecting some data to prove that the Indian/Chinese IT industry will boom in the coming years. There is no doubt that the software sector in India will continue to grow in the coming years. Writing a paper on the same is not a problem. But the fact is that the Indian s/w giants have been rather apprehensive of late. The main reason for their apprehension is the rising rupee. Rupee is growing stronger by the day. This might lead to a drop in profit margins for Indian IT companies. The IT stocks took a beating sometime back because of this reason. Now the companies have realized this scenario and are taking necessary measures (hedging etc.) to counter this threat. In addition, the introduction of the Minimum Alternative Tax on the IT industry this year has affected the software firms. Employee stock options too have come un der fringe benefit tax regime! Now the IT companies have to pay taxes on differential gains of the employees.

This and the collected data will soon in Jan 2008.

We are also looking for (Certification is a must) analysts who cover and watch IT markets closely.

Keep watching Avastu site for its opening!


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