In the News:

Business Today

• Weathering The Big Squeeze
  Even as the technology slowdown threatens to choke industry spend, Hughes Software Systems is talking of triple-digit growth. While continuing to maintain its number one position in the communications software industry in India, HSS has tried to spread its risks across diverse technologies, customers and geographies.

Business Barons

• Hughes Software : The Next Infosys?
  Even as it made corporate history with the first - and hugely successful - book-built IPO, Hughes Software Systems' actual performance in its core area of telecom software has been no less impressive. It is now putting together a fast-track growth strategy of diversifications and acquisitions. Ashok Kumar, Business Barons' Consulting Financial Editor spent two days at the company's Gurgaon office to report on one of the emerging stars in the Indian software firmament.

• Hughes speeds up Net access on mobiles with new protocol
  Launches General Packet Radio Service (GPRS)/Enhanced Data Rates for GSM Evolution (EDGE) interface stack.
    
• Hughes, Nokia to open WAP gateways 
  "Cellular service providers can use the WAP technology to offer value-added services for transactions that require small authentication, and can be conducted from a hand-held device," says Khanna. This includes payment of bills, school fees, purchase of cinema tickets, etc. 

• Managing the K-factor
  ......Says Gautam Brahma, director (quality): "Given Hughes' current employee turnover rates, we are faced with a completely new organisation every three years." This creates a huge need to retain knowledge and to train new employees quickly. What's more, companies have striven to be lean and mean. Thus, each individual performs the jobs of more people and receives inputs from more people than 10 years ago.....

• Hughes Software eyes e-commerce Cos for acquisitions
  Hughes Software Systems Ltd, the Indian software subsidiary of General Motors group which is hitting the market with its first IPO through the book building route at the end of this month, is planning to acquire e-commerce companies in India and abroad to ride the expected boom in e-commerce globally and to supplement its range of communications and e-commerce products.

• Hughes plans public offer by Sept-end
  US communication software major Hughes Software Systems will hit the market with an initial public offering (IPO) this month-end to mobilise about Rs 300-400 crore for funding its acquisitions in India.

• Hughes Software float price set at Rs 630
  Hughes Software Systems (HSS) has fixed a price of Rs 630 per share for retail buyers after going through the book-building exercise. The bids for book-building have been accepted in a price band between Rs 430-Rs 630 per share.

• Business Standard ... The Smart Investor: Hughes Software Systems is a great buy considering its business profile and pedigree.
  This is the first time that a company is raising equity in the domestic market through the book building process. Hughes Software, a leading supplier of communications software products and services internationally, is tapping the market with a public offering of 0.43 crore equity shares

• Hughes Software offers 26% pie to public
  Delhi-based Hughes Software Systems Ltd, a subsidiary of Hughes Network Systems, US, is planning to come out with a public issue. The company is planning to offer about 26 per cent of its stake in the company to the public.
  

• Hughes Software Systems mulls Nasdaq float and employees stock option scheme
  Hughes Software Systems (HSS), a subsidiary of Hughes Network Systems and a group company of General Motors-Hughes Electronics of the US, is planning to go public either through an IPO in India or by getting itself listed on the Nasdaq.

• Initial Public Offer: Hughes Software Systems
  A good growth buy: IT is finally here. The maiden offer through book building with a price that will probably qualify it as the ‘ Mega issue’ of the year. Hughes software systems (HSS) has opened its books for bidding.

• "No one works for money alone..." - Aadesh Goyal, VP, HR, HSS - Computers Today, 16th,March'99
  "They work out of a sense of direction,commitment and belonging. We cannot make all that happen merely by giving benefits." 

• Hughes Software solution takes a 2ndLook online
  India–based Hughes Software Systems (HSS) has launched 2ndLook, a Web–enabled intranet product for real–time document review. 2ndLook helps businesses streamline their document review functions by taking the entire process online.

Last updated : February 2, 2004