Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Thursday, July 24, 2008

Infosys Technologies Named as a Top Supplier for Sears Holdings Corporation

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BANGALORE, India, Jul 24, 2008 (BUSINESS WIRE) ----Infosys Technologies Limited (NASDAQ:INFY) has been named a 2007 Partner in Progress for Sears Holdings Corporation. Infosys received the award for information technology (IT) services.

The prestigious Partners in Progress award is presented annually to a select group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings' more than 30,000 suppliers earn the coveted award each year.

Sears Holdings interim CEO and President Bruce Johnson congratulated the winners stating, "Partners in Progress was started more than 20 years ago and is a testament to the importance of collaborating with our supplier partners to better serve our customers and grow profitably." He added, "The Sears Holdings culture is one that places a high priority on teamwork and a focus on customers. The Partners in Progress program allows our company to recognize those suppliers who have gone above and beyond to support Sears Holdings' and help us to achieve greater efficiency and effectiveness."

"We are honored to receive this recognition for the second consecutive year," said Infosys Technologies CEO Kris Gopalakrishnan. "We will continue to strengthen our longstanding relationship with Sears, providing transformational services that help it reach its business objectives."

The Partners in Progress program recognizes suppliers for product or service quality, innovation, diversity and overall market performance. The winners were selected from nominations submitted by Sears' associates who purchase goods and services for the company in 2007.

About Infosys Technologies Ltd.

Infosys (NASDAQ: INFY - News) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 94,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.

Infosys Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

SOURCE: Infosys Technologies Ltd.

Infosys Technologies
   North America Peter McLaughlin, 213-268-9363 (Infosys Technologies Ltd, US) Peter_Mclaughlin@infosys.com or EMEA Antonia Maneta,
   (0) 207 715 3499 (Infosys Technologies) Antonia_Maneta@infosys.com or Asia Pacific Bani Paintal Dhawan, 080 2852 2408 (Infosys
   Technologies, India) bani_dhawan@infosys.com or Australia Shyam Deshpande, +61-3-9860-2547 (Infosys Technologies, Australia)
   Shyam_Deshpande@infosys.com