Dear Colleague:

The Softletter SaaS/Cloud Applications Pricing and Billing Survey is is designed
to provide up to date information and benchmarks on state of the art practices,
methodologies, and goals in regards to this topic. As a thank you for taking the
time to complete the survey, you will receive the complete summary results when
they are published in a future issue of Softletter and be entered in a drawing
for an Apple iPad!

You can take the survey today at:

https://www.allegiancetech.com/app/activesurvey/takeSurvey.do?SurveyID=92K79m6Kl\
\
p92M9

Key topics covered by the survey include:

- Most implemented SaaS pricing models, including concurrent, named,
site,freemium, transaction and more
- Pricing surcharges, including SLAs and integration
- Subscription lengths
- Professional services pricing
- Typical discounts offered for yearly/multi-year contracts
- SaaS billing and monetization choices and perceptions

In addition to obtaining cutting edge information, the very act of taking this
survey will inform you on the latest trends in SaaS billing, monetization, and
discounting.

This survey uses conditional logic and based on your answers, you will fill out
approximately 30 to 40 simple and easy-to-follow questions. We estimate that
this survey will take from 10 to 20 minutes to complete. Detailed analyses of
the results will be presented at Softletter's SaaS University: Marketing, Sales,
Infrastructure and Finance Conferences in 2011. More info at:

http://www.softletter.com/SaaSUniversity/SaaSUniversityOverview.aspx

Please be sure to provide a valid E-mail address when completing the survey as
the summary results will be sent by E-mail via an electronic version of
Softletter.

Again, you can take the survey today at:

https://www.allegiancetech.com/app/activesurvey/takeSurvey.do?SurveyID=92K79m6Kl\
\
p92M9

We would be grateful if you would pass along a link to this survey to a
colleague you feel might benefit.

Merrill R. (Rick) Chapman, Managing Editor
Softletter
34 Sugar Hill Road
Killingworth, CT 06419
860-663-0552

One of the key challenges that product manager's face is what to build.

Many times, product managers focus on few of the key customer's issues, and then
prioritize it and then build it in the product.

Their idea is that the rest of industry may follow the key customer and hence
building their features will be adopted by other prospects as well.

However this approach may not work in the long run.

The correct approach is

1. Gather the issues of many customers and prioritize them based on voting

2. Analyse the root causes of the issues
Rest of the details are available in -http://productenvision.com/home/?q=node/12

Pricing is an art and can make or break your company.

You shall have the detailed information on the internal and external factors
impacting your pricing before you set a 'Base Price'.

Internal factors responsible are:

1. Quality of your product. Lower the quality, lower will be the perceived price
of your product

2. Cost of Production. Lower the cost of production, you can set the price lower
to meet the same profitability levels. You may need to break the different tasks
that contribute to your cot of your product starting from the raw materials,
resources and reduce/out source those tasks that are unproductive and non
profitable. Identify the breakeven point.

3. Economic Value analysis of your product and arrive at a pricing

External Factors responsible are:

1. Brand Power : Higher the brand power, higher can be your price

2. Pricing objectives of your company: Whether your company is

Rest of the blog is available in

http://productenvision.com/home/?q=node/14

Here is the info on registering for the free networking event for PMs on Feb
27th Sunday morning at IISc. Speaker is Dr. Parveen Jain from USA and topic is
around the career path for PMs and how do they become GM/CEO (from a guy who has
actually done it)!

http://parveenjainfeb27.eventbrite.com

"Five things that every Internet/web2.0 PM should know" webinar just ended and
the slides are posted here..

http://www.slideshare.net/adaptivemarketingindia/five-things-a-web-20-product-ma\
nager-should-know-by-viveck-kumar

Following are the upcoming events in India (sign up at www.adaptivemarketing.in)

Upcoming Networking Events in Bangalore

April 2nd PM Networking with Vinay Goel, VP Products Google
"What does Google search in a PM?"

Upcoming Webinars (30 minutes)

March 17th – Director PM, McAfee, USA
"5 Lessons learned in managing PMs in India"

April 9th – Director PM, SAP
"5 things every India PM needs to know to excel in an MNC"

regards,
Pinkesh

Hi All,

Please check the case study in the following link
http://productenvision.com/home/?q=node/15

thanks
PE

(Please note that further detailed analyses of these results, as well as the
results of our pricing, billing, and discounting models for SaaS firms, will be
presented at our upcoming SaaS University in Denver, CO, April 26 -28.) More
info at the link below:

http://www.softletter.com/SaaSUniversity/SaaSUniversityDenverCOApril2628/AgendaD\
enverCOApril2628.aspx

The Softletter Social Marketing Survey for Software Companies was launched in
August and closed at the end of October. participating companies/individuals
received the full summary results in the October and November issues of
Softletter.The Allegiance online system (www.allegiance.com) was used to
generate and manage this survey.

The purpose of this project was to develop a comprehensive analysis of how
software companies are using the primary social marketing systems, Facebook,
LinkedIn, and Twitter, to build brand awareness, generate leads, provide
customer support, and other key business activities. This is the first and only
type of survey ever created in the software industry focusing on these key
metrics.

This survey asked respondents to answer up to 82 (depending on whether their
company used all three social networks) detailed questions that provided us with
an accurate snapshot of current uses and best practices when using Facebook,
LinkedIn, and Twitter (the survey also asked respondents to tell us what other
social networks they participated in). The survey recorded 126 valid responses,
with 10 respondents stating their title was CEO, president, founder, or variant
thereof, 32 vice president of marketing, ten vice president of sales, and the
remainder a variety of director level titles in both sales and marketing.

Answers of particular significance have been bolded.

Company Profiles

Development stage of your company?

No significant customer revenue: 17%
Privately owned, privately funded: 49%
Privately owned, venture funded: 16%
Public: 17%

Current gross revenue?

Under $1 million: 43%
$1 to $5 million: 16%
$6 to $10 million: 10%
$11 to $50 million: 10%
$51 to $100 million: 2%
$100 million+: 21%

Company Types

Desktop/Retail: 14%
Mobile Applications : 5%
OEM: 3%
On Premise, Client/Server: 22%
SaaS: 56%

Social Market System Usage

Do you use Twitter for business purposes?

Yes: 79%
No: 13%
No, but we are exploring its use to support our business: 8%

Read the rest of this article at this link:

http://www.softletter.com/Resources/SoftGram.aspx

Way to what is Occupational Therapy 

As America's population ages, the demand for occupational therapy continues to grow. Occupational therapy aides  are enjoying a surge in job opportunities nationwide  and a healthy average salary of $38,480, according to the U.S. Bureau of Labor Statistics. If you're interested in a secure healthcare job that doesn't require  years of specialized medical training, consider becoming an occupational therapy assistant. With new distance education programs , you can study at home, on your own time and at your own pace.

Occupational Therapy

·         Job growth: 23%, much faster than average

Education requirements: At least a master's degree occupational therapists and an associate's degree or certificate for occupational therapy assistants

Average annual earnings:  

Occupational therapy assistants: $42,000

Occupational therapists: $60,000

Major employers:  

Hospitals

Other health practitioners

Educational services

Nursing care facilities

Estimated number of jobs held (2006): 99,000

More To Read>>>>> 

Who is only engaged in the purchase? 

Unincorporated businesses includes trades, businesses, professions, and occupations that are conducted by, engaged in, or in the process of being liquidated by an individual, partnership, limited liability company, fiduciary, association, estate or trust. More………. 

The tax is levied on both sole proprietorships and partnerships. Few activities are exempt from the UBT like a person or entity, other than a dealer, who is only engaged in the purchase, holding, and sale of property for its own account (such as in the case of investment activities) and a person or entity that is an owner, lessee, or fiduciary, and which is engaged in holding, leasing, or managing real property for its own account. More info………… 

Students gain first-hand knowledge 

The Regis University College for Professional Studies (CPS) was established to offer adults both classroom-based and online degree program choices in higher education. Regis CPS provides convenient learning formats and options to serve adults who wish to advance in their careers, change professions, or update their knowledge and skills. And……

The College for Professional Studies was established in the 1970s to offer programs designed specifically for working adults. Today, CPS serves more than 13,000 adult students world-wide, in the classroom and in online degree programs. The faculty at CPS is made up of experienced practitioners with a minimum of a Master's degree, and many who hold Ph.D. degrees. Students gain first-hand knowledge of current practices and trends using a unique mixture of theory and practice.

Free Live Videocast April 6: "Selected Key Highlights from Softletter's Pricing,
Billing, and Discounting Survey for SaaS Companies"

Register at:

http://webbeta01.crosstechpartners.com/Attendee/Default.aspx?C=70000129&M=100000\
18&Mode=HTML

INFORMATION & AGENDA

Date: April 6th, 2011

Time: 1PM - 2PM, EDT (the videocast will be coming live from Concord, MA from
the HQ of Knowledgevision, provider of the technology we'll be using during this
live videocast.)

Presenter: Merrill R. (Rick) Chapman, managing editor of Softletter and author
of "SaaS Entrepreneur: The Definitive Guide to Starting and Sustaining Your
Cloud Applications Company" (May, 2011)

This one hour, information packed session will focus on key findings from
Softletter's Pricing, Billing, and Discounting Survey which closed in February
of this year. Topics covered during the session will include:

     * SaaS billing and subscription options. We'll be analyzing different
subscription models, terms, and revenue payments broken out into monthly
comparisons (including Freemium). We can tell you monthly billing is no longer
king. Find out who is.

     * Discounting and functionality options and levels. The majority of SaaS
companies are offering discounts in return for longer term commitments, but how
much? We have the numbers.

     * Best practices and strategies. Should you post your pricing schedule on
your website? Are SaaS providers creating custom contracts or relying on
standard versions? Charge for special SLA guarantees? Discover what your peers
are doing in this and other regards!


Questions will be taken from the live viewing audience during the hour.

SaaS University in Denver, CO, April 26 -28

If you're interested in this topic and other key SaaS benchmarking figures and
best practices, then you need to attend our upcoming SaaS University in Denver,
CO, April 26 -28. Six keynotes by industry leaders, five tracks, including
marketing and sales, finance, infrastructure, and transition to SaaS, 30
separate sessions, valuable takeaways. The industry's most comprehensive and
content-packed SaaS event.

The complete agenda is available here:

http://www.softletter.com/SaaSUniversity/SaaSUniversityDenverCOApril2628/AgendaD\
enverCOApril2628.aspx

Register for SaaS University in Denver, CO, April 26 -28 here:

http://www.cvent.com/events/saas-university-denver-co/fees-7e6477e737e644de9de2a\
2a91046e102.aspx

Again, register for "Selected Key Highlights from Softletter's Pricing, Billing,
and Discounting Survey for SaaS Companies" live videocast at the link below:

Again, register at:

http://webbeta01.crosstechpartners.com/Attendee/Default.aspx?C=70000129&M=100000\
18&Mode=HTML

We look forward to "seeing" you there!

rick chapman
www.softletter.com
www.saasuniversity.com
Author "SaaS Entrepreneur: The Definitive Guide to Starting and Sustaining Your
Cloud Applications Business" (May, 2011)

You having a list of reasons

When going to find an online degree or certificate programs, we suggest you having a list of reasons why you want to get enrolled in a particular course, certificate or degree programs. Then speed up your brain storm and research around those reasons to form a strategy plane and eventually come up to a final decision. Students that are enrolled in online coursework have freedom and flexibility that can not be found in traditional programs degrees and crowded classrooms as local institution providing. Now you can work toward an online Bachelor's degree, Master degree, PhD's and many of them from the comfort of your home, office or on the road from 24/7. More……… 

The landscape of healthcare is changing

The location for service is changing from hospital-based to alternative locations - home, rehabilitation center, sub acute care center, and urgent care center. Clients cross international borders to receive healthcare. The age of the client is changing from younger clients to older clients. Healthcare personnel are changing from a common ethnic origin to a variety of ethnic origins. Clients come from many different ethnic backgrounds. All of this change creates the need for healthcare personnel to be familiar with Tran cultural or intercultural principles of care. And……….. 

In the event you missed the videocast, or wish to review it, the video link is
now up at:

http://present.knowledgevision.com/account/kv-pr/subaccount/softletter/link/Webi\
nar_004611

As mentioned in the videocast, the complete and updated slide deck is available
for downloading; registration with the Softletter site is required first.

To register, please visit:

http://www.softletter.com/Operations/DyanmicRegistration.aspx

After registration, you can download the complete deck from this link:

http://www.softletter.com/Resources/Downloads.aspx

If this topic, and other key SaaS Benchmarks are of interest to you, further
highlights and analyses will be provided at our upcoming SaaS University in
Denver, CO, April 26 -28th.

More info at the link below:

http://www.softletter.com/SaaSUniversity/SaaSUniversityDenverCOApril2628/AgendaD\
enverCOApril2628.aspx

Thanks for viewing! If you have any further questions about the information
presented, please feel free to comment on this group or E-mail me at
rickchapman@....

rick chapman
www.softletter.com
www.saasuniversity.com

Hello!
Announcing an inaugural event of the IPMA Pune Chapter.
• Are you a passionate Product Manager or Techie who wants to build great
products?
• Are you a Product Manager who wants to network with other professionals?
• Are you looking to switch over into the exciting world of Product Management?
Or simply want to learn the basics of the discipline of Product Management?
We are very excited to launch the Pune chapter of India Product Management
Association. India Product Management Association (IPMA) is a not-for-profit,
voluntary, grassroots organization. IPMA Mission is to Foster Product Design and
Innovation and Catalyze Product Management/Marketing Talent in India across
software, mobile, hardware, telecommunications sectors in the IT industry. IPMA
organizes knowledge sharing and networking forums such as Monthly Speaker
Series, Workshops, P-Camps etc and operate chapters in major product hubs across
India.
Come be part of an organization, share your knowledge, learn from others and
launch your career in the next orbit !!

Event Details
We are excited and honored to have Vishwas Mahajan, Co-founder and ex-CEO of
Compulink (now part of Glodyne), inaugurate IPMA Pune Chapter and kick start the
Monthly Speaker Series.

Topic
Mr. Mahajan will be speaking on: "Build Locally, Sell Globally" – An
entrepreneurs journey from startup to going public!
Abstract
Mr. Vishwas Mahajan, Founder of Compulink System was successful in building
products from India and sell it across the globe in the fiercely competitive
world dominated by IBM, CA and in-house applications. Over 120 leading companies
and over 50,000 users worldwide adopted these applications to manage their
operations.
Vishwas will talk about his experience of building products for global customers
from India. He will also share some insights of his go to market strategies that
got attention of worldwide markets.

Registration
Registration is required and FREE. Hurry before seats fill up. Quick
registration form at http://ipmapune.eventbrite.com

Time:
4.00 PM to 6 PM on 29th April, 2011 (Friday).
Venue:
BMC Software, ICC Tech Park, SB Road, Pune
Thanks to our Event Sponsors
Platinum Sponsor:
BMC Software, India

About IPMA
India Product Management Association (IPMA) is a not for profit, grassroots
organization. IPMA's mission is to Foster product design and innovation and
Catalyze product management talent in India. IPMA organizes monthly speaker
series, workshops and more for professionals interested in product management
and marketing. For more information about upcoming events, visit indiapma.org

Twitter: #indiapma
LinkedIn, Facebook, Flickr: Search for "India Product Management Association"

IPMA Membership Registration: http://indiapma.org/membership
Event Registration: http://ipmapune.eventbrite.com

Accumulated many college or university 
Also known as a Ph.D., a doctorate is considered to be a terminal or final degree. There is no higher degree in a particular field of study than that of a Ph.D. In order to obtain a Ph.D., the student has to first attain a bachelor's degree and master's degree. When someone earns his/her doctorate, he/she will have accumulated many college or university credit hours, written both a thesis and dissertation, and finished a very long and busy academic journey. More to read………. 

As with the master's degree, a doctorate is considered to be a highly specialized achievement. When you receive a Ph.D., you have gone through an incredible amount of study and training in a niche of your chosen field and done an immense amount of intense work and research. A doctorate usually requires very advanced studies and original research in your field. Read more………… 

Making it up Fine Artistry in Media  
The popularity of Media-based education continues to grow, with Media Makeup and hair as new buzz-word titles for courses being offered by Schools who have previously trained students for salon work only. More………

"Tips From Some of the Pros in Women In Animation" 
It's a hard time to ask animation professionals for an opinion of the current prospects for women entering the field, as the field is currently undergoing a sharp contraction at least in the United States. Info……

Counting down to IPMA Pune monthly speaker series on 24th with Vivek Tuljapurkar talking on Product Management challenges unique to the Indian environment! The complete agenda and the link to register is at: http://ipmapunejune11.eventbrite.com/.

Event Details

Title: Product Management Challenges Unique to the Indian Environment

Indian software industry is experiencing explosive growth beyond its core offering in software services. MNCs are giving their India operations greater responsibility towards product management, Indian software companies are being asked to take additional responsibilities towards requirements management and product management, and the legendary Indian entrepreneurial spirit is in full bloom with many startups looking to launch new products.

The Indian environment, like any other, presents certain unique challenges towards product management. There is much commonality to the challenges that are faced by various types of businesses, whether you are an MNC, Indian services company, or a product startup. This seminar aims to discuss various current and upcoming challenges and also possible solutions and is a must for those practicing or aspiring to practice product management. 

Speaker's Bio

Vivek Tuljapurkar is a management consultant based in Pune. He has held various positions in the past such as Managing Director of Avaya, CEO of Ruksun Software Technologies, Global Product Portfolio Manager at IBM, and Product Portfolio and Line of Business Manager at Eaton Corp. Vivek has twelve technological "firsts" to his credit, has been an advisor or consultant to numerous governments and Fortune 500 companies, and has taught at various prestigious universities in the USA and India. Vivek mentors startups via IIM-A MentorEdge program and Power of Ideas initiative. 

Registration

Registration is required and FREE. Hurry before seats fill up. Use register button above to fillup quick registration form.

Time:

5.00 PM to 7 PM on 24th June, 2011 (Friday).

Venue:

BMC Software, ICC Tech Park, SB Road, Pune

Agenda:

4.45 pm - Registrations and Networking
5.00 pm - Opening Remarks
5:15 pm - Talk by Vivek
6:30 pm - Q&A
6.45 pm – Demo of some cool tools for Product Managers (Knowledge Sharing)
7.00 pm - Closing Remarks

Thanks to our Event Sponsors

Platinum Sponsor: 
BMC Software, India

About IPMA

India Product Management Association (IPMA) is a not-for-profit, voluntary, grassroots organization. IPMA Mission is to Foster Product Design and Innovation and Catalyze Product Management/Marketing Talent in India across software, mobile, hardware, telecommunications sectors in the IT industry. IPMA organizes knowledge sharing and networking forums such as Monthly Speaker Series, Workshops, P-Camps etc for professionals interested in product management and marketing. IPMA operate chapters in major product hubs across India and for more information about upcoming events, visit indiapma.org

Twitter: #indiapma

LinkedIn, Facebook, Flickr: Search for "India Product Management Association"

IPMA Membership Registration: http://indiapma.org/membership

Event Registration: http://ipmapunejune11.eventbrite.com

Investors estimate the strength of economy 

Most investors estimate the strength of economy by their rate of employment and how much it leaves an impression in forex market Employment growth is a positive sign for economic strength because the rate of employment  measures the strength of country' labor market  and this strength can have influence on the currency value. More…….. 

U.S Dollar is neither strong nor weak if we 

Forex Market is the biggest trade market. Currency is the main object of forex market. If we compare two different currencies then we can find that one currency is weaker than the other. But if we compare it with the third one then the weaker currency may become stronger. For example, U.S Dollar is neither strong nor weak if we compare it with euro, U.S Dollar seems to be weaker than euro, but at the same time if we compare euro with British pond, euro is also become weaker. Therefore we can say that currencies always trade in pairs. And more………. 

The 2011 Softletter SaaS Survey is now open; participate and receive the full
summaries.

Take the survey today at the link below:

https://www.allegiancetech.com/app/activesurvey/takeSurvey.do?SurveyID=lLJ3m3K1m\
\
66409m

(To see an example of what we mean by the full summaries, click on the link
below to download the March 15th, 2010 issue of Softletter; this contains part
II of our four part series of summaries of the 2010 SaaS Survey.)

http://www.softletter.com/SoftletterInformation/FreeSoftletterSamples.aspx

Dear Colleague:

Welcome to the 2011 edition of our industry leading SaaS/Cloud applications
survey. Now in its fifth year, this survey is the standard by which SaaS
technology providers track and measure key trends, developments and metrics in
the industry. Participation by firms outside the US is very welcome.

This survey covers the following topics:

Community/Product Management and SaaS
Revenue Growth and Profitability
International Markets
SaaS System Functionality Levels and Release Schedules
SaaS Pricing Models (including freemium, concurrent, and named
subscriber)
SaaS Subscription Length Models
SaaS Firewall Usage
Key SaaS Business Metrics
SaaS and Agile Development Methodologies
SaaS Product Interfaces, Architecture and R&D
SaaS and Multi-Tenancy
SaaS Product Development Outsourcing
Platform as a Service (PaaS) Choices and R&D Costs
SaaS Infrastructure and Cloud Choices
SaaS Privacy and Security
SaaS Resellers and Channels
SaaS Sales Models and Costs
SaaS Customer Support and Services
SaaS Marketing (includes trial access programs)
SaaS Initial and Professional Services

This is a big survey: based on your answers, you will fill out approximately 75
to 90 questions, but we've made them as simple and easy-to-follow as possible.
We estimate that this survey will take from 20 to 30 minutes to complete.

Everyone who supplies data for this survey will receive a complimentary copy of
the COMPLETE summary results in upcoming issues of Softletter. Of course, all
responses will be strictly confidential. We won't disclose or identify data
about any individuals or about participating companies.

Rick Chapman, Softletter's publisher and managing editor, will be presenting
detailed analyses of the results in his presentations at SaaS
University:Marketing, Sales, Infrastructure and Finance Conferences in 2011 and
2012 (Denver, CO and Austin, TX).

More info here:

http://www.softletter.com/SaaSUniversity/SaaSUniversityAustinTXFeb2829.aspx

You may want to pass along information about the Softletter 2011 SaaS Survey to
a colleague in the industry who you feel should participate.

Again, you can take the survey today at the link below:

https://www.allegiancetech.com/app/activesurvey/takeSurvey.do?SurveyID=lLJ3m3K1m\
\
66409m

Rick Chapman
www.softletter.com
www.saasuniversity.com

Virtual real estate assistants  
Many real estate assistants find these flexible and educational positions to be a perfect fit for their lifestyles. Parents can work from home as virtual real estate assistants, in some cases working remotely with more than one agent. Aspiring brokers who work as real estate assistants can earn money in the field while learning the trade from an insider's perspective.

·        Make listing appointments 

·        Prepare documents 

·        Meet with appraisers  

·        Input listings onto a Multiple Listing Service 

·        Attend closings 

·        Maintain filing systems 

Info…… 

Forex trading are more profit generating  
The Market Push and Pull plays a significant role. Commodities, bonds, stocks and currencies interact with each other. As commodity rates escalate, the cost of goods also rises up. This high price action gives rise to inflation and as a result the interest rates also rise.This shows the trend of inflation all over the market. As a result, the bond price fall down since there is an increase in the interest rate. More……… 

As commodity rates escalate 
The daring big moves in Forex trading are more profit generating. In a nutshell, the greater the risk, the higher are chances of profit earning. Good investors keep a vigilant eye on such techniques that could earn those profits irrespective of the risk factor involved within them. More info……….. 

NATIONAL HYDRO POWER CORPORATION
CMP: 25
Target: 40 in 6 months
Natural Hydro Power Corporation, an entity of Government of India, is country's
largest hydro power producer.
NHPC is currently having an installed capacity of more than 5,300 MW and has a
cash surplus of over Rs 4,000 crore.
It raked in a profit of Rs 2,166.67 crore in FY 2011
The state-run major is engaged in the construction of 10 projects at various
locations in the country,   going to have an additional capacity of 4,502 MW.
It plans to increase the capacity to over 10,000 MW by end of 2012.
The coal price is expected to rise by 2012, which will result in increase in
power price by 20%. This will further boost the profit margin of NHPC to a large
extent.
Spanning on Government's increasing emphasis on hydro power and NHPC's strong
hold, we recommend a BUY on NHPC at CMP 25 to target 40 in 6 months, 75 in 18
months.

TATA TELESERVICES LTD
CMP: 19
Target: 30 in 3 months

Tata Teleservices Limited spearheads the Tata Group's presence in the telecom
sector. The Tata Group includes over 90 companies, over 395,000 employees
worldwide and more than 3.5 million shareholders.
It launched mobile operations in January 2005 under the brand name Tata Indicom
and today enjoys a pan-India presence through existing operations in all of
India's 22 telecom Circles.

Tata Teleservices Limited also has a significant presence in the GSM space,
through its joint venture with NTT DOCOMO of Japan, and offers differentiated
products and services under the Tata DOCOMO brand name.

Today, Tata Teleservices Ltd, along with Tata Teleservices (Maharashtra) Ltd,
serves over 85 million customers in more than 450,000 towns and villages across
the country.

Tata Teleservices saw a whooping rise in its sale rising by 39% to Rs.3128.24 cr
in FY 11.
The company, by improving its revenue model and deeper market penetration,
turned into a profit making one, by giving Net profit of Rs 49.90 crore in FY11
vs net loss Rs 298 crore in FY10.
A per the latest news by telecom tribunal TDSAT, Tata Teleservices is entitled
2G GSM spectrum in Delhi on priority basis compare to its peers Idea, Unitech
and Videocon.

Going forward we expect the company to maintain quarterly addition of 0.5
million subscriber in FY12, which signifies an addition of 20 million
subscribers in a year.
We expect the upgrade to 3G to boost average revenue per user, premium services
may take time to pick up in a price sensitive market such as India. Increase
usage of broadband service on photon device driving key metrics upwards. The
overall performance of the company looks encouraging.
We estimate the top line to grow at 6.1 % CAGR over FY11-13E. At CMP of 19 we
have a BUY rating on the stock with the target price of 30.

TATA COMMUNICATION
CMP: 206
Target: 250 in 4 months

Tata Communications Limited along with its global subsidiaries (Tata
Communications) is a leading global provider of the new world of communications
managed network connectivity, hosted data center, communications solutions and
business transformation services to global and Indian enterprises & service
providers as well as, broadband and content services to Indian consumers. The
Tata Global Network encompasses one of the most advanced and largest submarine
cable networks, a Tier-1 IP network, connectivity to more than 200 countries
across 400 PoPs and more than one million square feet data center space.  Tata
Communications serves its customers from its offices in 80 cities in 40
countries worldwide. It has strategic investments in operators in South Africa
(Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United
Telecom Limited). The number one global international wholesale voice operator
and number one provider of International Long Distance, Enterprise Data and
Internet Services in India, the company was named "Best Wholesale Carrier" at
the World Communications Awards and was named the "Best Pan-Asian Wholesale
Provider".

Tata Communications consolidated results for the year ended on March 31, 2011.
Consolidated revenues increased by 8% to Rs 11,932 crores (about USD 2.6
billion) from Rs.11,026crores (about USD 2.3 billion) in the previous year. The
company's operating profit (EBITDA) was up 21% at Rs 1,226 crores for 2010-11 as
against Rs 1,012 crores for the previous year.

Tcom has made conscious efforts to diversify from its core wholesale voice
business and tap the higher margin managed services and cloud business. The
company also announced the international launch of InstaCompute, its cloud
infrastructure and application services offering. Tata Communications signed a
significant international voice sourcing agreement with Videotron, one of
Canada's largest communications companies.

With Internet users increasing by more than 500% all across the globe and Tata
Comm being the global leader in providing internet facilities, we see tremendous
demand and growth for Tata in near future.

Tata Communication got approval from Supreme Court for sale of a part of 774
acres of land in Maharashtra which belonged to VSNL (Tata Communication). This
will be accounted in the sheets of Tata Communication.

We believe the stock is a good opportunity point as long term drivers are intact
asaddressable market opportunity leaves tremendous scope for expansion stock may
go up by 40%.

The company's trailing 12-month (TTM) EPS was at Rs 5.62 per share. (Mar, 2011).
The stock's price-to-earnings (P/E) ratio was 37.71. The latest book value of
the company is Rs 261.09 per share.

However, we expect impact on revenues and EBIDTA our FY12/13 estimates 9.2 % of
upside.
We recommend `BUY' on the stock at CMP 206 with a target price of Rs…250 ...

BUY RURAL ELECTRIFICATION CORPORATION LIMITED (REC)
CMP: 186;
Target: 300
Rural Electrification Corporation Limited (REC), under Ministry of Power, was
incorporated on July 25, 1969 under the Companies Act 1956. REC a listed Public
Sector Enterprise Government of India with a net worth of Rs. 11,080 Crore as on
31.03.10.
REC provides loan assistance to SEBs/State Power Utilities for investments in
rural electrification schemes through its Corporate Office located at New Delhi
and 17 field units (Project Offices), which are located in most of the States.
Rural Electrification Corporation (REC)'s net profit rose 28.4% to Rs 2569.92
crore on 26.7% increase in total income to Rs 8495.26 crore in the year ended
March 2011 over the year ended March 2010.
Following the rumors that media has spread about REC, its Finance Director HD
Khunteta have cleared up Tamil Nadu issue's rumors in the following interview to
CNBC. Tamil Nadu electricity board is a Government entity and the Government
will take the responsibility to pay REC the due amount if the board fails. In no
ways will the Tamil Nadu board be defaulted by REC. REC is receiving regular
interest on due date by the board.
For 2011-12, we expect REC's loan growth to stabilise around 25 per cent, led by
slowing disbursements and higher competition. Its disbursements are estimated to
grow by 20 per cent, with some cushion from undisbursed loans of over Rs 100,000
crore.
We have a `BUY' rating on the stock at CMP of 186 due to REC's robust long-term
business outlook and valuations. Also to post compounded earnings growth of 25
per cent and average return on equity (RoE) of 22 per cent over 2011-12.
DISCLAIMER: - Smart Profit has taken due care and caution in compilation of data
for its reports. The market view and investment tips expressed on Smart Profit
are in no way a guarantee either express or implied. However, Smart Profit does
not guarantee the accuracy, adequacy or completeness of any information and is
not responsible for any errors or omissions or for the results obtained from the
use of such information. The directors of Smart Profit may hold a position in
the recommended script.

FOR FUTHER DETAILS CONTACT:-
DIPAK MANGELA
(Research Analyst)
+919820260291
Email: dipak.mangela@...
MANSINGH RAI
(Senior Executive)
+919320907684
Email: mansingh.rai@...
SHAILESH GOWDA
(Senior Executive)
+919967394114
Email: shailesh.gowda@...

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