Allied Computers International (Asia) Ltd has informed BSE that that the official launch of India's first laptop for Rs 14,999. The Launch is to take place on January 08, 2008 at a press conference held at Bangalore.
- The Company launches India's first laptop for Rs 14,999 at Bangalore Press Conference tomorrow.
ACi rolls out its highly publicized Rs 14,999 laptop earlier than promised. This entry level product was targeted to be launched towards the end of first quarter of year 2008. High-end of this laptop with revolving touch screen and tablet features is due to be rolled out toward end of February 2008.
The long awaited laptop for below Rs 15,000 is now here and for a change, its launched first in India! The ACi ultra-mini is a full laptop with VIA 1.0 GHz CPU, 512 MB RAM, 40 GB HDD and WiFi enabled. It weighs a mere 950 grams and house a 7" TFT screen. This laptop is ideal for all traveling users as well as ones which are looking for budget computing on the move.
The product will be displayed for the first time at a press conference held at Bangalore on January 08, 2008. ACi ultra mini will be first offered to users in India before starting its distributions abroad.
The Company will restrict supplies of this product region wise in order to cater for the high volume of demand expected.
"We have encountered a great demand for this low-cost laptop since our pre-launch announcement to the electronic and press media. Sale of this product together with eight of our other range of laptops is expected to push the turnover of the Company well beyond the targeted Rs 200 Crore for fiscal year 2008-2009" says the Managing Director, Mr. Hirji Patel.
hi nakul ,
ReplyDeletei hope the following announcement by allied computers,
Scrip Code:532919 Company Name:ALLIED COMP
News Subject: Allied Computers - Updates
News Body:
Allied Computers International (Asia) Ltd has informed BSE that the service contract the Company have been awarded by a UK firm to recycle laptop parts at the Company's EHTP plant in Gandhinagar, Gujarat.
The Company win is first E-waste recycle order worth Rs 10 Crore.
Soon after the Company's press announcement of its plans to launch its E-Recycling plant in Gujarat, a UK firm, Open Start Ltd dealing in laptop parts has awarded ACi a contract worth over Rs 10 Crore. Open Start Ltd is to send a minimum of 5,000 motherboards in the first shipment for ACi to repair on job work basis.
ACi expects many orders of such nature in the year 2008 from various parts of the world as the extended facilities are fully setup and functional to handle high volume.
"Our setup at Gandhinagar will be one of its kind in India and we expect many orders of such nature from around the world" says, the Managing Director, Mr. Hirji Patel, He further adds "This unit will help resolve the ever growing global shortage of laptop motherboards"
"With our E-Recycle unit in Gujarat, we will be able to re-cycle all PCBs and LCD screen used within laptops and LCD monitors. The Company is expected to generate substantial local and export revenue with this service in the forth coming fiscal year" says Mr. Hirji Patel.
i hope this news will give this stock the necessary ground to appreciate.this further strenghthens the belief in this companies future.
raima
Hi Raima,
ReplyDeleteOfcourse that is a great news.10 cr order from UK is no mean a small amt.
This orders will be repeated in future as well.
I am glad to read this annoucement at bse.
I am happy to note that my call on Allied Computer Ltd is vindicated.
The fundas were never in doubt....
hi all,
ReplyDeletehcl is also going to launch 14000 laptop if hcl configuration is better than allied then people will prefer to buy hcl laptop. which in turn impact allied sales fig. what do member think?
Ahmed
its very simple from my point of view. i dont know of a single e-waste listed cpy in india so they are getting first mover advantage. plus developed countries like US, UK have lot of e-waste to dispose of and if that can be recycled back then it would do wonders for pollution control so its politically correct sector to be in so there should be some benefits announced for this sector soon.
ReplyDeletei also read some article in economic times how e-waste mgmt will be a very big problem in couple of years so this cpy is ready to solve some part of the problem so they will get good order flows.
so i would say look at e-waste division of cpy as main buy reason than cheap laptop
dear prshntha,
ReplyDeletethnx for sharing information. ya u right we should think in terms of e-waste.
Also can u give some light on this correction, how long it can last? Now one of my frnd is talking abt. 12300 fig. he has 10 years of experience in market altough less technical knowlege.
Ahmed
Hi ahmed,
ReplyDeleteWell, One of my friend told me that HCL's Rs 14,000 Laptop will be having a monitor of just 7 inch...Now check this out....if it is 7 inch monitor then what will be the HD's GB, Ram GB?motherboatrd...etc?
HCL is not a company who sells cheap...that is my experinace..just look at the catridge prices of printers and u will get what I mean to say...
hence if HCL is selling Laptop at 14,000 then there should be nothing to write about except the price....
Hi Ahmed,
ReplyDeleteRajeev is the guru out here i am just a newbie so take my views with a a pinch of salt.i am putting my views based on what has rajeev put on the blog.
first 700 billion$ coming into india for 3-4 years, US subprime loss to be just 300 billion $ where as Soveriegn wealth funds in asia have roughly 3000$ billion$ so they will help out financial crisis plus if you consider oil rich countries like saudi whose value should have doubled when oil became 100$, subprime issue will go waya in couple of months. US economy is a resilient one and even if it goes into recession it will bounce back in a quarter or two. i dont think we have to worry about this short term correction, india is still the market to be in bec just look around you and see what sort of development is needed to bring India to state like developed country like US in terms of roads, bridges, power, food etc and you will realise the amount of investment we will need and now everybody is believing with these liberal govt policy they will get piece of this growth change. those investment will go to india cpys to develop india and i feel personally the engine of india has been jump started and small issues like subprime which are temporary cant stall it.
as for stocks recommended by rajeev, you dont have to worry-hold them thro the correction if possible add on more.
Dear rajeev,
ReplyDeleteya i understand wat u wanted to say. one more thing if one will see allied announcement "The ACi ultra-mini is a full laptop with VIA 1.0 GHz CPU, 512 MB RAM, 40 GB HDD and WiFi enabled. It weighs a mere 950 grams and house a 7" TFT screen."
so the screen of HCL and allied is same.
Ahmed
Dear Rajeev bhai,
ReplyDeleteFrom last three month i have been reading ur mails. Now this is first time i am going to write over here as i am very worried. I have bought 600 shares of Allied computer at 63. i am very new to market and just from oct. started buying. After i bought this script its continuously going dwn (it seems script is waiting for me to buy so that it went dwn :) ). Now just i want to ask can we hold this script for long term, as it looks to come dwn daily.
Anil