NetSol International Inc. (NTWK)

[Homsi]

NTWK getting ready for a comeback, who else is in this? Let's get this board alive and kickin' again!!! =D GLTA

[eye_ater]

Not right now, still on my radar though.

[timhyma]

still in this one?

NetSol Technologies Announces Cost Cutting Program to Reduce Expenses by $4 Million Annually and Support a Targeted Return to Profitability
Thursday March 5, 2009, 8:30 am EST
http://finance.yahoo.com/news/NetSol-Technologies-Announces-iw-14551793.html

[timhyma]

looking through the presentation, doesn't look as bad as I thought, but they still have some challenges, especially now that the pps has been destroyed

[timhyma]

Some steps they are taking
Streamlining & Efficiency Measures
• CEO and top officers
– Salaries cut up to 15%
– Earned cash bonuses and stock options scheduled to be paid out in early
2009 returned to the company
• 10% reduction in global employees
• Consolidation of California offices into Emeryville headquarters
• Closure of two satellite offices in Karachi and Rawalpindi
• Freeze on capital expenditure for the remainder of fiscal 2009

[timhyma]

They have $5mil in restricted cash, so actually have a bit more. They also have increase in A/R that will help, if they can collect.

Tangable book is still around 70 cents a share

[skipper66]

Maybe they do ? Cash went down from 9 mio to 5 mio, I believe.

[timhyma]

traded like they were going bankrupt today, lol. Wonder who the sellers were? Retail, or smart money

[eye_ater]

That's a bummer, can't win them all.

[eye_ater]

That's a bummer, can't win them all.

[timhyma]

not yet, I was trying to sell the open at .64

[timhyma]

darn, bad bet on my part:

NETSOL TECHNOLOGIES INC
Price: 0.4199 -0.2301 -35.40%
Bid: 0.38 [+]
Ask: 0.42
Open: 0.6501
Volume: 123,602

[eye_ater]

Not looking good, did you bail?

[timhyma]

I think a lot of restricted shares became available

[timhyma]

I guess we will find out shortly, earnings should be released today

[ANYDAZE]

when did the float go from 14m to 26 million ??????

[eye_ater]

Nice grab.

[timhyma]

OK, I'm back in at 62 cents

[timhyma]

What is your charts telling you?

NetSol Technologies Inc.(NCM: NTWK)
NEW Real-time: 0.6811 0.0588 (7.95%) 1:06pm EThelp
Last Trade: 0.6810
Trade Time: 12:50PM ET
Change: 0.0589 (7.96%)

[eye_ater]

Getting close to add levels again.

[eye_ater]

Don't know, .76 may be as low as it goes unless some other factor comes into play, 20 MA should be pretty good support there. May be worth a dabble and if it drops below load up in the .60's like you said.

[timhyma]

Maybe a buy on a bottom around 65 cents, imo

[eye_ater]

Got stopped out, watching again.

[greggor62]

Check out CHTR for a flipperoony cousin

[greggor62]

Good morning Eye, good day yesterday. very nice call on the consoldiation. Can I hire you to be my chart man?
When will ZAAP take off? it's cheap. in @ .24
Help? lol

[eye_ater]

Good consolidation today.

[eye_ater]

Nice consolidation going on here. Earnings comes out ina few weeks, should see a nice slow move up until then.

[eye_ater]

Gonna keep an eye on it. BUt I guess we need to take this over to the ALTU board LOL.

[greggor62]

just learning about charting. playing on vol. and rotation. I believe that these funds rotate and pick up shares in all sectors. timing is critical.
And the chart 3 yr. weekly and the 10 day 15 min look good no?
I am running out of posts. lol I need a sub.
I just bought 225 shares ALTU for a lotto

[eye_ater]

You playing the chart on ALTU or what?

[eye_ater]

I actually think we will consolidate around this area for a bit with .90 being good solid support before we move again. But yeah, I hope we blow through that 1.04 the first time LOL.

[greggor62]

question? will we test the $1.04 mark once more time and fall back to .98 again? both resistance points. or just blow through it first time?
Lets hope for the latter.

ALTU looking like it could go any day now

[greggor62]

if you are taking some off the table try some at the ask. see what kinda strength we got.
Good vol. so far

[eye_ater]

I'm ready bud.

[greggor62]

We printed $1.10 premkt.
We are going up my friend.
I thought the story was closer in relation to NTWK. didn't mean to throw out a flag.
Next stop, $1.48
ALL ABOARD. hehehehehe

[eye_ater]

NTWK Summary

$27M Market Cap

$45M Revenues

30c/share net income expected for 2009

40c/share cash

$1.8/share stockholder's equity

PR Recap:

01/06/09 PR
NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner:

12/29/08 PR
NTWK announced a major long-term contract with a major Dubai commercial bank:

11/20/2008 PR
NTWK's Europe CEO Naeem Ghauri told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever." His presentation started at about 10 AM. Here is the link:

Other INformation

Insiders have been consistent buyers since NTWK dipped below $2


From the latest NTWK filing:

"Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.

NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.

This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."

[eye_ater]

I don't see why that would effect us but you never know.

[eye_ater]

Satyam Computer head quits, admits doctoring books

India's Satyam Computer head quits after admitting falsifying accounts; shares plunge 78 pct
Muneeza Naqvi, Associated Press Writer
Wednesday January 7, 2009, 7:18 am EST
Yahoo! Buzz Print Related:Satyam Computer Services Ltd.
NEW DELHI (AP) -- The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.

The company's balance sheet -- riddled with "fictitious" assets and "non existent" cash -- contained a $1 billion hole that could no longer be concealed after a deal intended to save the struggling company was scuppered, Chairman B. Ramalinga Raju said in a letter to the board.

"Every attempt made to eliminate the gap failed," said Raju, 53. "It was like riding a tiger, not knowing how to get off without being eaten."

B. Rama Raju, managing director of Satyam Computer and the chairman's brother, also quit.

News of the fraud dragged down the benchmark Sensex stock index 7.3 percent to 9,586.88 with Satyam's shares plummeting nearly 78 percent to 40 rupees. The accounting scandal raises questions about the quality of corporate governance in India and is likely to reverberate around the region.

Satyam, which means "truth" in India's ancient Sanskrit language, had "inflated profits over a period of (the) last several years," Raju said in his letter, which was released to the Bombay Stock Exchange.

For the July-September quarter alone, operating profit of $133.4 million had been overstated by almost 11 times the actual result.

Rajeev Sampat, an independent analyst, said the amount and nature of the fraud had shocked investors.

"It is one of the biggest frauds the Indian capital market has seen. People have been taken by surprise by the gravity of the event," he said. "After overstating profit and understating debt, the company's net worth is zero."

Satyam said in a statement that it was "shocked by the contents of the letter" but the company would rally to find a way forward.

Raju said that none of the other board members had any knowledge of the company's real financial situation and apologized to all stakeholders in his letter, claiming that he had not benefitted from the doctored results.

"Neither me, nor the managing director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results," he said.

The son of a grape farmer in India's southern Andhra Pradesh state, Raju founded Satyam in 1987 and over the last two decades the company became India's fourth largest software services company. A key player in the Indian outsourcing industry, the company is listed on the New York Stock Exchange.

After getting a business degree from Ohio University, Raju first started a weaving mill and then ventured into real estate before diversifying into the software services industry.

The financial troubles at Hyderabad-based Satyam started becoming public last month when outraged investors forced the company to call off a $1.6 billion acquisition of two construction firms both partly owned by Satyam's founders, including Raju and his family.

Compounding Satyam's problems, the World Bank last month barred the company from receiving direct contracts from the bank for eight years for what the lender said were inappropriate business practices.

The Securities and Exchange Board of India, the market regulator, said it was investigating.

"We have to go beyond this letter and find out what actually has happened," SEBI chief C.B. Bhave told reporters. "This is an issue which has very serious implications. It involves the Companies Act and the violation of the listing agreement with SEBI. It also raises the issue of authenticity of accounts that have been audited and certified by the auditors."

Associated Press writer Ramola Talwar Badam in Mumbai contributed to this story.

[eye_ater]

LOL, I didn't say I would take it all off. Just lock in some prfits here but I agree the after hours was nice and there is still money to be made here short and long term.

[greggor62]

I just learned that the Indian stock market closed lower today. because of a company like NTWK admitted it has been cooking it's books for the last 3 years.
what does this mean for us??
Well, this could be a flight to safety stock and we continue up.
Or, we do get a pullback, before the next move up.
Should be interesting today EYE. I am looking to see how we faired on the indian exchange. this should tell the tale. I will post it when I find it.

[greggor62]

Are you nuts? Do you think the chart is the only force at work here? is there somewhere else your money needs to be?
Stay put and hang tight, or your gonna miss the move.
printed $1.05 aft. hrs. this is going up no matter what the chart says.
We are ready for a breakout. they took it above the $1.04 resistance. next stop $1.48. this will be a tough hurdle. but we break that, and if off to $1.72 and Beyond.
You should be buying right now, not selling.
Thats my 2 cents EYE.
you got a triple comming, don't blow it. hehehehehehehehehe

[eye_ater]

Chart looking overbought here but has some room to move up to the 75MA. May take some off here and keep the majoority for the long term and add back on the dip to .90 support to build my long term stash.

[eye_ater]

There's that $1.00!!!

[eye_ater]

Looks like it maybe time for some consolidation.

[eye_ater]

Thanks and GLTY2.

[timhyma]

Sold at 97 cents- good luck to all of you

[eye_ater]

Ciena Solutions Joins SAP(R) PartnerEdge(TM) as an SAP Services Partner

Tuesday January 6, 2009, 9:30 am EST
Yahoo! Buzz Print Related:NetSol Technologies Inc.

EMERYVILLE, CA--(MARKET WIRE)--Jan 6, 2009 -- Ciena Solutions, a NetSol Technologies, Inc. "NetSol" (NasdaqCM:NTWK - News) (DIFX: NTWK) company and provider of enterprise application solutions and global business services, today announced it has joined the SAP® PartnerEdge(TM) program as an SAP services partner. The program gives partners access to resources, services and benefits that will help Ciena Solutions build and maintain a successful partnership with SAP, which will help it to optimize business results for clients.

Ciena Solutions becomes an SAP services partner following the completion of a rigorous review process. As an SAP services partner in SAP PartnerEdge, Ciena Solutions will have access to a much broader range of software tools and solutions for its clients. SAP PartnerEdge offers tools and resources that provide a strong foundation of support and collaboration that fosters unparalleled value and mutual business success for customers, partners and SAP. SAP services partners help SAP customers design, implement and integrate solutions, optimize business processes, and provide strategic business consultation. As an SAP services partner, Ciena Solutions will take an active part in the support, customization and deployment of SAP solution-based systems.

"SAP has placed the bar very high for a company to successfully attain the status of SAP services partner," stated Mitch Van Wye, chief operating officer for NetSol Technologies North America. "NetSol is very proud that Ciena Solutions was able to meet these requirements and join this exclusive team of SAP services partners."

"Becoming an SAP services partner is an important milestone and represents Ciena Solutions' commitment and expertise in supporting and delivering SAP solutions to our clients," stated Mark Pellas, senior vice president at Ciena Solutions, a NetSol Technologies Company. "Our practices dedicated to supporting SAP solutions in the areas of supply chain, procurement, the SAP NetWeaver® technology platform, portals, and business intelligence, as well as our development of innovative solutions complementary to SAP NetWeaver such as smartOCI, puts us in a unique position to offer a comprehensive portfolio of business transformation and technical implementation services to our clients in this ever-changing global economy. We are committed to vigorously growing our service areas in support of SAP solutions and strengthening our partnership with SAP."

In addition to becoming an SAP services partner, Ciena Solutions has also joined the Business Objects Solution Provider Partner Program in North America. Business Objects, an SAP company, has established a robust partner program that is committed to building and nurturing win-win relationships with channel partners and their end customers. Ciena Solutions will tap this deep experience when crafting and delivering BI solutions tailored to meet the unique needs of its mid-market customers.

"Visibility into the supply chain, reducing the amount and type of spend, and pressures to drastically reduce cost structures are just some of the burning issues faced by companies today," said David Ahrens, vice president, CFO Center of Excellence, Business Objects. "These issues are becoming critical drivers in today's business, and Ciena Solutions is squarely positioned to deliver high value to the SAP customer base. It's imperative that organizations prioritize projects that deliver savings to the bottom line to the top of the pile."

Ciena Solutions' management team offers over 30 years' experience designing and implementing solutions across a variety of industries and practices in support of SAP solutions. Ciena Solutions' services specific to SAP solutions include project management, training, staff augmentation, and business process optimization. The company's practice areas in support of SAP solutions include focus on core ERP, logistics and supply chain applications such as SAP SRM and SAP SCM, business intelligence, and development related to portal technologies and SAP NetWeaver.

About NetSol Technologies, Inc.

NetSol Technologies, Inc. (NasdaqCM:NTWK - News) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol offers consulting and implementation services in support of solutions from SAP and Business Objects through its Ciena Solutions subsidiary, which is an SAP services partner and Business Objects Solution Provider Partner. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok, and Lahore.

To learn more about NetSol Technologies, Inc., visit http://www.netsoltech.com/

To join the NetSol Technologies, Inc. email distribution list, please visit: http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0

SAP, PartnerEdge, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

NetSol Technologies, Inc. Forward-looking Statement

This press release may contain forward looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Contact:
Contact:

Investor Relations
Christopher Chu
Grayling Global
Tel: [phone]
Email: [e-mail]

[eye_ater]

I am thinking we will break that 1 dollar mark here shortly.

[eye_ater]

Ready to roll bud. Look at that a new HOD @ .949!!!!

[greggor62]

Thats my 2400 share buy @ .92
1st stop $1.50
I have watched this trade for 2 years now. She trades very thin, and she's going up now.
Hold those shares.
hehehehehehehehe LETS ROLL