Wipro Limited (ADR) (NYSE:WIT)

Top performer in outsourcing segment. Moving into higher value services. Great management team.

It has a very interestingly low P/B which has to either be a great value or a fraud; however, most investors over-emphasize the P/E ratio when analyzing an investment, plus many shy away from foreign-based companies. Until the value becomes ridiculous, it will probably underperform the market.

Profits are up, and could be excellent timing for a rebound

Good growth and earnings.

Probabality of major earning increase

Doing the right things with good fundamentals.

Love the entry price for this company.

> india at the top of a bull run, 80% spike is unjustified

> Changing world scnario to hit Indian outsourcers badly

> This stock is consistanly traded at 40% premium to Indian price. probably unjustified

This company has bagged a lot of contracts outside India. Its IT division has a good number of engineering graduates who can do the IT job well and of course at a low cost.Wipro will definitely grow at a consistent level. It was the only company hiring and that too some 8000 college graduates in India even in this slump.

I have extensive business/technical experience with the Indian outsourcers, specifically Wipro, Infosys, Tata Consulting and several other smaller firms. Happily, never with Satyam, however. My opinion is that Wipro is by far the best. As their customer, they always came through for me, always were very competitive in price and in all cases I was involved in, demonstrated considerably greater technical breadth and depth than their competitiors.

The way they run their business is excellent as well. In my key measurements, TTM ROIC was 24% in 2007, down slightly from their 5 year average of 28%. Debt to equity is 40, higher than I like but well below my redline of 50. Average growth (5 year average) is 18%. Revenue has steadily increased over the last 5 years and the last 5 quarters. Last reported quarter was up 36% year over year. Profits have not been quite as robust but still positive right through this economic mess. A final key metric is retained earnings, always growing positively and tracking revenues. On a valuation basis, I have current fair value of $9.60 and a 5 year target of $16. PEG is about .085. In terms of historical pricing, I have the mean PE at about 25 with the current TTM at 17.6 and the forward PE at 13.5.

Gaming technology shifting to Asia

Best Outsourcing Model and ERP Implementation Expert. Strong foothold in Europe. Currently going through leadership re-alignment to concentrate on Middle-East, Japan and China(exploding IT havens). Although P/E Ratio is little over than 25,it's a bargain. will stand out once recession clouds fade away.

Great price with great growth potential.

Forsee big things for the future for this company!

Company with great growth potential and strong fundamentals. Will head up if patience wins.

A rapidly growing and well run global information technology (IT) service company that should atleast get a long look at a low price. Even paying dividend while you hold for continued growth.Appears to be favored and offers many services in the industry WORLDWIDE and is not slacking.Last 12 month sales 4.7 billion and growing at a pos + 41%. Income growth pos + 11% and gaining as profits and revenue rise again in latest report.Net profit margin around 17% Low Dept/Equity Ratio 0.21 There are many cheap stocks on todays market,but in my opinion only a handfull of them are undervalued and worth looking into.

20

Guys - strong fundamentals always. Expect a handsome bonus next year for sure.

EVEN THOUGHT THE SECTOR HAS BEEN BEATEN DOWN AS OF LATE....WIPRO CONTINUES TO HAVE GREAT NEWS GOING FORWARD....

I think they will report well on Friday...