Value Buy or Value Trap?

Lots and lots of IT companies are trading at prices below their cash. Here is the list

Company	Cash per share	Price
Avaya Global	150	90
Aztecsoft	38	37
D-Link India	69	47
Dhanus Tech	114	31
Geometric Software	34	25
GSS America	150	135
Hexaware	48	23
Megasoft	60	20
Micro Technology	115	108
Nucleus Software	58	53
Patni Computers	197	135
Polaris	61	47
Sasken Communication	150	67
Sonata Software	19	18
Vakrangee Software	127	35

Whether they will turn out to be a value buy or value trap, future will tell.