Identifier
Created
Classification
Origin
07ISLAMABAD4302
2007-10-04 11:20:00
UNCLASSIFIED
Embassy Islamabad
Cable title:
TERADATA: AMERICAN COMPANY WITH PAKISTANI TIES GOES
how-toVZCZCXRO6531 RR RUEHBI RUEHLH RUEHPW DE RUEHIL #4302 2771120 ZNR UUUUU ZZH R 041120Z OCT 07 FM AMEMBASSY ISLAMABAD TO RUEHC/SECSTATE WASHDC 2276 INFO RUEATRS/DEPT OF TREASURY WASHDC RUCPDOC/USDOC WASHDC RUEHNE/AMEMBASSY NEW DELHI 1910 RUEHKA/AMEMBASSY DHAKA 2235 RUEHLM/AMEMBASSY COLOMBO 1442 RUEHKP/AMCONSUL KARACHI 7570 RUEHLH/AMCONSUL LAHORE 3611 RUEHPW/AMCONSUL PESHAWAR 2108 RUEHBI/AMCONSUL MUMBAI 3717 RUEHDO/AMEMBASSY DOHA 1450
UNCLAS ISLAMABAD 004302
SIPDIS
SENSITIVE BUT UNCLASSIFIED
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON PREL EINV EIND EINT PK
SUBJECT: TERADATA: AMERICAN COMPANY WITH PAKISTANI TIES GOES
PUBLIC
UNCLAS ISLAMABAD 004302
SIPDIS
SENSITIVE BUT UNCLASSIFIED
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON PREL EINV EIND EINT PK
SUBJECT: TERADATA: AMERICAN COMPANY WITH PAKISTANI TIES GOES
PUBLIC
1. (SBU) A/DCM and Economic Officers watched (via satellite feed)
American company NCR spin off its new subsidiary Teradata into a
stand-alone company by ringing the New York Stock Exchange opening
bell on October 1. The new Managing Director of Teradata, Khuram
Rahat (also the former Managing Director of NCR Pakistan) then
unveiled the company's new logo. Rahat stated that Teradata will
focus on its customers and on establishing Teradata as a leader in
technology consulting.
2. (SBU) Also attending the ceremony was Norwegian-owned TeleNor
Pakistan Limited CEO Tore Johnsen. Telenor is one of the most
successful cellular telecom firms in Pakistan. NADRA's (National
Database Registration Authority) Chairman Brig.General (rtd) Saleen
Moeen also attended. Teradata began development of NADRA's
state-of-the-art biometric identity card. Included among Teradata's
clients in Pakistan are four of the seven top telecommunication
companies and a large number of banks and financial institutions.
3. (SBU) Pakistan is core of Teradata's Global Consulting Center
(GCC) operations for its worldwide operations. The GCC is a call
center and offers software development/IT solutions. Teradata
Pakistan plans to hire 250 new employees over the next year to add
to its nearly 300 current employees.
4. (SBU) Parent company NCR (National Cash Register Company) is
known for making the first mechanical cash registers. Now, the NCR
logo can be seen over ATM machines and is known worldwide as a
leader in data warehousing and information technology. Teradata
will take over the data warehousing business and offer consulting
solutions to corporate customers, while NCR focuses on products.
Teradata will also be added to the S&P 500 Index and the NYSE Archa
Tech 100 (SM) Index, an indication that it is a stock worth
watching. NCR shareholders, including executives in Pakistan,
received one share of Teradata common stock for every one share of
common stock they held in NCR as of September 14, 2007. NCR has a
market capitalization of $4.3 billion and Teradata has a market
capitalization of $5.0 billion. Both NCR and Teradata's stock has
been trading around $25 a share this week.
5. (SBU) COMMENT: Currently Teradata's India operations handle U.S.
customers; however, the Pakistan GCC is well positioned to move into
the U.S. market. With increasing labor and other costs in India and
a pool of well-educated IT professionals, Pakistan is experiencing
growth in many outsourcing, call center, and IT operations. With
its deep client base firmly established in Pakistan's strong
telecommunications and financial sector, Teradata is poised to take
advantage of continued growth in these sectors. END COMMENT.
PATTERSON
SIPDIS
SENSITIVE BUT UNCLASSIFIED
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON PREL EINV EIND EINT PK
SUBJECT: TERADATA: AMERICAN COMPANY WITH PAKISTANI TIES GOES
PUBLIC
1. (SBU) A/DCM and Economic Officers watched (via satellite feed)
American company NCR spin off its new subsidiary Teradata into a
stand-alone company by ringing the New York Stock Exchange opening
bell on October 1. The new Managing Director of Teradata, Khuram
Rahat (also the former Managing Director of NCR Pakistan) then
unveiled the company's new logo. Rahat stated that Teradata will
focus on its customers and on establishing Teradata as a leader in
technology consulting.
2. (SBU) Also attending the ceremony was Norwegian-owned TeleNor
Pakistan Limited CEO Tore Johnsen. Telenor is one of the most
successful cellular telecom firms in Pakistan. NADRA's (National
Database Registration Authority) Chairman Brig.General (rtd) Saleen
Moeen also attended. Teradata began development of NADRA's
state-of-the-art biometric identity card. Included among Teradata's
clients in Pakistan are four of the seven top telecommunication
companies and a large number of banks and financial institutions.
3. (SBU) Pakistan is core of Teradata's Global Consulting Center
(GCC) operations for its worldwide operations. The GCC is a call
center and offers software development/IT solutions. Teradata
Pakistan plans to hire 250 new employees over the next year to add
to its nearly 300 current employees.
4. (SBU) Parent company NCR (National Cash Register Company) is
known for making the first mechanical cash registers. Now, the NCR
logo can be seen over ATM machines and is known worldwide as a
leader in data warehousing and information technology. Teradata
will take over the data warehousing business and offer consulting
solutions to corporate customers, while NCR focuses on products.
Teradata will also be added to the S&P 500 Index and the NYSE Archa
Tech 100 (SM) Index, an indication that it is a stock worth
watching. NCR shareholders, including executives in Pakistan,
received one share of Teradata common stock for every one share of
common stock they held in NCR as of September 14, 2007. NCR has a
market capitalization of $4.3 billion and Teradata has a market
capitalization of $5.0 billion. Both NCR and Teradata's stock has
been trading around $25 a share this week.
5. (SBU) COMMENT: Currently Teradata's India operations handle U.S.
customers; however, the Pakistan GCC is well positioned to move into
the U.S. market. With increasing labor and other costs in India and
a pool of well-educated IT professionals, Pakistan is experiencing
growth in many outsourcing, call center, and IT operations. With
its deep client base firmly established in Pakistan's strong
telecommunications and financial sector, Teradata is poised to take
advantage of continued growth in these sectors. END COMMENT.
PATTERSON