Processing .....please wait.. 
The article has been forwarded.... 
Wipro, Satyam and Infy stand among Buffet-fit stocks
By siliconindia
|
Thursday, 11 September 2008, 00:00 IST
New Delhi: Though India hasn't yet captivated the investment legend Warren Buffet's portfolio, three companies from the country stands fit to make the grade. Standard & Poor (S&P), an investment research firm, has enlisted the Indian technology majors Wipro, Infosys and Satyam as better prospects, in the list of stocks meeting Buffett's investment criteria.
Infact, S&P says, "This list is based on criteria the legendary investor has emphasized over his long career. Only stocks with a market capitalization of at least $500 million are included." But these are not necessarily stocks that Buffett has bought or ever plans to buy.
The companies have been chosen on the basis of its existence in the U.S. listed Indian IT firms. They entered the list alongside global giants such as healthcare products major Johnson & Johnson, fast-food restaurant chain McDonald's, IT behemoths Microsoft, Oracle, Qualcomm and SAP as well as BlackBerry- maker Research in Motion in September update of S&P's Buffett Stock Screen. While technology major Apple, soft drink giants PepsiCo and Coca- Cola, industrial conglomerate 3M, tobacco major Altria Group, British American Tobacco, China Mobile, Cisco Systems, Diageo, GlaxoSmithKline and Latin American telecom major America Movil, have moved out of the preferred list.
This list of August 2007 enlists in total 55 stocks with the three firms included. Satyam has made a comeback in the August list after making an exit in the February 2007 list and Wipro is the new entry.
