``Most of these companies have conveniently changed theirnames to reap benefits of the ongoing software frenzy. Their fundamentals reveal that except the name they have nothing to do with infotech industry,'' explained a senior Bombay Stock Exchange official. The Bombay Stock Exchange has also decided to release information on the performance of these companies during the last quarter.

According to the Bombay Stock Exchange list, Matrix Software Systems was the first company to change its name to Shyam Software Industries on February 4, 1998. Interestingly, all these stocks are listed on the non-specified section of the BSE, mostly in the B2 category comprising of `dud stocks'.It may be recalled that the move made by Century International Finance to change its name to Cyberspace Infosys on May 21, 1998 helped the stock register huge gains within a short period.

This sharp spurt not only attracted investors to the counter but also alerted Sebi who asked the exchanges to immediately caution the investors against such misleading information.