Buy and Sell for Free! Wednesday, February 2, 2000
fesub.gif (4328 bytes)
Full Story
fe.gif (834 bytes) flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
telecom industry
-
 

Siemens Information likely to offer stock option to senior employees 

Baburajan K  
Mumbai, Feb 1: A section of the senior employees of Siemens InformationSystems Ltd (SISL), a joint venture between Siemens India and SiemensBusiness Services (SBS), is likely to get an employee stock option plan(Esop) soon.

The employees numbering about 1,000 in its facilities across the country arebeing offered shares of Siemens Business Services as and when SBS goes for alisting on Nasdaq exchange. However, SISL officials declined to comment onthe timing of the Nasdaq listing of the joint venture partner. Companyofficials said this is one of the options to retain employees. If itmaterialises, the information arm of Siemens India would be the first firmin the country from the Siemens group to offer Esops. When contacted, SISLmanaging director Anil Laud confirmed the move. ``We are planning to offerEsop schemes shortly,'' he said.

However, he declined to divulge details about the proposed Esop structure.The company is currently working with the Reliance group to offer serviceson a pre-paid system. SISL is restructuring its software developmentservices division to provide an exclusive focus on automative software,transportation, large projects and enterprise management system. ``The ideais to create independent profit centres within the organisation,'' Laudsaid.

According to Laud, Siemens Information Systems is not planning to expand itscapacities in terms of new centres, but SISL would enhance the manpower in aphased manner with a focus on the export market. At present, export revenueof SISL comes from Germany (55 per cent), the UK (25 per cent) and US (17per cent).

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.