Welcome to the Journey to Science of Complexity, Chaos Theory & Non Linear System Dynamics:

Here is to the crazy ones, the misfits, the rebels, the trouble makers the round pegs in a square hole, the ones who see things differently. They are not fond of rules and they have no respect for the status quo.You can quote them, disagree with them, glorify or vilify them. About the only thing that you can't do is ignore them, because they change things. They push the human race forward, and while some may see them a s crazy ones, we see genius, because the people who are crazy enough to think they can change the world, are the ones who'll do it. 

Apple Computer Advertising 1997

The Unknown World-Nassim Nicholas Taleb Interview on Business Week

Wednesday, October 31, 2007

NETSOL CONNECT- WHAT LIES BENEATH

Just a few days my post here referred to Netsol's plan of becoming biggest Broad Band Company. At firs I didn't pay much attention and thought of it as just another publicity stunt. Thanks to Google I believe this broad band thing could get even bigger than the $150 Million Land Record Management Information System (LRMIS). Here are some bits and pieces of information:


Akhter Group, a United Kingdom Company, Acquires 49.9 Percent of NetSolConnect, a Subsidiary of NetSol Technologies, Inc.; Acquisition to Bring Potentially $20 Million in Investment for F
see addition of companies' URLs
Distribution Source : Prime Newswire
Date : Thursday, August 07, 2003
CALABASAS, Calif., Aug. 7, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWKC), a developer of proprietary software applications, today announced that it has entered into an agreement with United Kingdom-based Akhter Group PLC. Under the terms of the agreement, Akhter Group acquired 49.9 percent of NetSol Technologies' wholly owned subsidiary, Pakistan-based NetSolConnect (Pvt) Ltd., an Internet Services Provider in Pakistan. Akhter, one of the longest established computer companies in the UK, is well recognized as a provider of managed Internet services, integrated networks, both local area networks and wide area networks as well as metropolitan area networks within the UK.
"Akhter owns proprietary broadband technologies and solutions that will provide NetSolConnect a technologically strong platform for strengthening its telecommunications infrastructure within Pakistan with a goal of becoming a leading provider of broadband Internet access to both residential and commercial users," said NetSol CEO Naeem Ghauri. "This untapped market presents a significant opportunity to NetSol and Akhter as Pakistan's telecommunications infrastructure predominantly supports dial up access to the Internet."



The initial stage of the agreement provides NetSol with an investment of up to $1 million in cash to launch a broadband infrastructure in Karachi, the largest business hub in Pakistan. The initial infrastructure will provide a 155MB backbone and a 5MB broadband to customer premises using a proprietary broadband technology and an infrastructure consisting of 20 hubs. After the successful launch of the initial six-month beta program to Karachi's residential and commercial customers, additional rollouts of the hubs are scheduled in Lahore and Islamabad within a 12-month period.
The second investment into the program could provide up to $20 million to create the first Terabit backbone in Pakistan. This will allow NetSol to provide data, voice, video and other multi-media services to major cities within Pakistan.
"Akhter and NetSol's partnership provides both companies with significant opportunities within Pakistan," commented Ghauri. "Pakistan's major cities must be supported with a fast, efficient and cost effective communications infrastructure to maintain the significant growth currently being experienced. Our investment and technical expertise can provide a broadband communications program that will be efficiently replicated throughout each major city within Pakistan."
"After two decades in the technology industry, we have learned to invest our time and money in our customers, the continued growth of our company and our partnerships with well respected companies such as NetSol," said Akhter Computers Chairman and CEO Humayun Mughal. "Our partnership with NetSol strengthens our collective footprint within Pakistan and gives us the opportunity to substantially improve our competitive position as we have the experience and the technologies to cost effectively provide a wide range of broadband Internet and data services to the populace. We look forward to expanding our services to provide the much needed voice, data, and multimedia broadband services -- all from a single provider.
About Akhter Group PLC
Electronics expert Humayun Akhter Mughal founded Akhter in 1979. Through its 24 years as a high technology company, the $30 million company's dedication to providing the very best value for its customers has become the hallmark of Akhter's business. Akhter has a large UK customer base within defense, education, health and the public sector including major corporations. The company is a recognized provider of a wide range of computer products and related services as well as wireless broadband communications services including managed internet services and integrated networks whether local area networks, wide area networks or metropolitan area networks. For additional information, please visit www.akhter.com.
About NetSol Technologies, Inc.
NetSol Technologies is a leading end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol has been delivering high quality, cost-effective IT services ranging from consulting and application-development to systems integration and outsourcing for years. Their commitment to quality is demonstrated by achieving both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 3 assessment. For additional information, please visit www.netsoltek.com.
Securities Exchange Act of 1934
This release is comprised of inter-related information that must be interpreted in the context of all the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumption or future events or performance, are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Such statements reflect the current views of NetSol Technologies with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. NetSol Technologies does not intend to update these forward-looking statements prior to announcement of quarterly or annual results. CONTACT: Investor Relation Resources LLC
Marty Tullio
Investor Relations
949.566.9860
marty@investorRR.com
NetSol Technologies
Najeeb U. Ghauri
Chairman
818.222.9195
najeeb@netsoltek.com

Tuesday, October 30, 2007

Netsol :Twinkle, Twinkle.......Like a Diamond In the Sky

Another Feather in Netsol's Cap:
Press Release Source: NetSol Technologies BMW Financial Services Hong Kong Ltd. Goes Live With NetSol Technologies' LeaseSoft SolutionThursday November 1, 8:30 am ET NetSol's LeaseSoft Offering the De Facto Standard for Vehicle Finance Accounting and Portfolio Management System in the Region CALABASAS, CA--(MARKET WIRE)--Nov 1, 2007 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM:NTWK - News), a multinational provider of IT services and enterprise software to the financial services industry, announced today that its Asia-Pacific division has successfully implemented its LeaseSoft retail product suite for BMW Financial Services Hong Kong Ltd. BMW Financial Services Hong Kong Ltd. has gone live with the NetSol's LeaseSoft solution including the LeaseSoft Contract Management System (CMS) and Credit Application System (CAP) components.Mr. Najeeb Ghauri, chairman and CEO, commented, "We commend the efforts of our Asia-Pacific division in becoming the de facto standard for vehicle finance accounting and portfolio management systems in the region. LeaseSoft is the premier software suite for automotive finance in the Asia-Pacific region. We anticipate that this mission critical application has the potential to manage all of BMW Financial Services' expanding business in Hong Kong. We look forward to working with BMW and implementing applications to provide fast and convenient solutions for their most sophisticated vehicle finance and leasing software needs."About NetSol Technologies Inc.NetSol Technologies (NasdaqCM:NTWK - News) is a multinational provider of IT services and enterprise solutions to the financial services industry. By utilizing its worldwide IT design, development, quality assurance (QA), and project management resources, NetSol delivers high-quality, cost-effective portfolio management solutions for equipment and vehicle finance, as well as IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both the ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 50 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and/or offices in London, San Francisco, Adelaide, Beijing, Bangkok and Lahore, Pakistan.To learn more about NetSol Technologies Inc, visit
http://www.netsoltek.com/http://biz.yahoo.com/iw/071101/0322632.html

Netsol Results:

Netsol Technologies, NETSOL:PK, a subsidiary of Netsol Technologies Inc., NTWK:US , announced its first quarter 2008 financial results today. Before the announcement of 2007 annual results i tried to estimate the EPS. I worked out Rs 11-12 per share. I was wrong by 30%. Now comes the first quarter of 2008, I expected an EPS of Rs. 2/ share. This time the shock was on upper side. I was wrong by 80%.

QTR 1,2008 diluted EPS is Rs. 3.59/share- an astronomical growth of 425% compared to the same period last year!

I am leaving the job of forecasting to the Analysts and Astrologists.

Friday, October 26, 2007

Indus Dyeing Mills Limited another neglected Star?


Recently I have started looking into an investment opportunity in Indus Dyeing Mils Ltd (IDYM:KSE).
An EPS of 22 and Book Value per share of Rs. 120+ apparently makesit an excellent buying opportunity @77. I wanted some 30,000 shares yesterday but could get only 5000. It is again on upper circuit breaker today.

Thursday, October 25, 2007

THE RISE OF NETSOL ( NTWK:US) , NETSOL:PK IS IT ANOTHER BLACK SWAN LIKE GOOGLE?

Netsol continues rise beyond imagination. In early 2007 our group of friends spotted it struggling for life in 20s. A little research gave us the confidence to go and empty our pockets and bet on it. Today its cum bonus price is above 200. 8 times increase in value in just a matter of eight months. We thought there wasn't nothing much left in it in terms of capital gains unless and until it gets the Land Record Automation Contract which is worth $300,000,000. But now out of no where it has bolted another positive surprise. Just Take a look:


NetSol iReady launches the most powerful ISP in karachi. With the largest bandwidth in the country, NetSol iReady has created a new benchmark in Internet access speed. The ISP is backed by round-the-clock / 365-days-a-year technical support system run by qualified IT proffesionals. With NetSol iReady, you can be assured of instant and the most reliable Internet connectivity available. So switch to the fast lane now and experience the Internet like never before!Akhtar Group, a United Kingdom Company, Merger with NetSol Connect,a SCheck Spellingubsidiary of NetSol Technologies, Inc.; Acquisition to Bring Potentially$20 Million in Investment for First Nationwide Broadband Infrastructure in Paksitan.We have provided the most powerful and state-of-the-art web access system all over as compares to our competitors, for NetSol iReady accounts holders for there account maintenance as well as to NetSol iReady Dealers and Franchises network for online transactions, metropolitan wide and to the areas where NetSol iReady is providing services. Our existing system can handle multiple packages and hundreds of thousands users at a time and billing, creating, disabling them on a real time basis. We have introduced more enhanced and attractive tariffs for our customers and companies as compares to other service providers.
Source: http://www.netsolir.com/

Who am I?

It was 1999 when I completed my Chartered Accountancy. That day I felt I have reached the peak. It was a justifiable ecstasy as then I joined the Elite Club of just a few thousand Chartered Accountants in Pakistan. Almost a decade passed and one fine day I started to realise that the concepts, theories, principles and so on that I have learnt during my Professional Education ad Work were just nothing. All these theories etc. were nothing but a great intellectual fraud.

The Cost Accounting & Management Accounting which took most of the time to learn and master had been proven ineffective tool for Management about two decades ago by Eliyahu M. Goldratt.

And the Risk Management, Portfolio Management, Diversification, Feasibility Studies to my great surprise and horror also fell in the category of Great Intellectual Fraud (GIF) when I got my hands on Nassim Nicholas Taleb's THE BLACK SWAN.

My idea to create a blog of my own is to share the pearls of wisdom that I collect from the Smartest and Ultra Genius. The list includes:

1- Nassim Nicholas Taleb ( scholar, writer, teacher in the filed of Sciences of Uncertainty) www.fooledbyranomness.com
2- Eliyahu M. Goldratt, creator of the Theory of Constraints, and has a Doctorate in Physics www.goldratt.co.uk
3- Dr. Gerd Gigerenzer, Director of the Centre for Adaptive behaviour and Cognition at Max Planck Institute for Human Development http://ntfm.mpib-berlin.mpg.de/mpib/FMPro?-db=MPIB_Mitarbeiter.FP5&-lay=L1&-format=MPIB_Mit.htm&-op=eq&ID_Name=Gigerenzer&-find
4- Joseph Heller, the Author of Famous Catch 22.
5- Paul E. Erdman the Economist and Economic Fiction writer.
6-Malcolm Gladwell- the author of THE BLINK & THE TIPPING POINT http://www.gladwell.com/

The ideas that I keep looking for are Human Intelligence, Chaos Theory, Theory of Constraints and their application in the Fields of Management.