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Thursday, October 12, 2006

Mutual Fund Report

The AUM for equity funds increased by 6.2% to Rs121,332 crore in September 2006. The rise was in line with the general upward movement seen in the equity markets.

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Sharekhan Movers & Shakers

  • Granules India soared on reports that the company has formed a 50:50 joint venture with China's Biocause Heilen Pharmaceutical.
  • Allsec Technologies moved up following reports that First Carlyle Ventures Mauritius has acquired a 4.93% stake in the company from Euronet.
  • Aptech inched lower despite the company announcing that it has got the board's nod to acquire a 70% stake in Synergetics

Sharekhan HighNoon

The Nifty has been trading around yesterday’s close of 3558 and the likely trading range for the day would be 3535-3570...

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To compete with Google, Yahoo! should buy AOL

AOL has never quite worked as planned for Time Warner, Inc (NYSE: TWX). The merger of the two companies is seen as the cause of the drop in TWX stock to today's $19 -- much improved from earlier this year, but still well below $91, where it traded over six years ago. AOL is taking a large risk by trying to migrate from a subscriber-based revenue model to one driven by ad revenue.

It is hard to say what AOL is worth. One way to look at it: With Time Warner's market cap at $77 billion and AOL representing about 20% of revenue, the company might fetch $15 billion, depending on whether any of Time Warner's debt is involved. Since AOL is in transition, TWX might even sell the company for less.

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