Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

Page 10 of 13

Sahm Adrangi is Long Two Tech Stocks

Cognizant Technology Solutions Corp (NASDAQ:CTSH)

SS and C Technologies Holdings Inc (NASDAQ:SSNC) and Cognizant Technology Solutions Corp (NASDAQ:CTSH) are two stocks that were discussed by the manager of Kerrisdale Capital, Sahm Adrangi. Mr. Adrangi said that SS and C Technologies Holdings Inc (NASDAQ:SSNC) has the potential to trade at 20 times its Free Cash Flow. Kerrisdale holds 158,700 shares of SS and C Technologies Holdings Inc (NASDAQ:SSNC) as of the end of June, adding the company to its equity portfolio during the second quarter.

Regarding Cognizant Technology Solutions Corp (NASDAQ:CTSH), Mr. Adrangi considers that it can grow to $70 per share. The company can explore its low cost advantage in India and it will profit from big multi-year contracts that will provide a constant revenue stream. Kerrisdale has not disclosed holding any shares of Cognizant Technology in its latest 13F filing. Stephen Mandel‘s Lone Pine Capital is one of the largest shareholders of the company, owning 29.51 million shares as of the end of June.

Page 10 of 13