FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Third Point Offshore Master Fund, L.P. 		2. Issuer Name and Ticker or Trading Symbol

Stream Global Services, Inc. [ OOO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O WALKERS SPV LIMITED, WALKER HOUSE, 87 MARY STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/24/2009
(Street)

GEORGE TOWN, GRAND CAYMAN,,  KY1-9002
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase Common Stock, par value $0.001/share   $6   2/24/2009     S         28000    10/17/2008   10/17/2011   Common Stock, par value $0.001 per share   28000   $0.17   1900300   D   (1) (2)  

Explanation of Responses:
( 1)  Third Point Advisors II L.L.C. ("Advisors II") is the general partner of Third Point Offshore Master Fund, L.P. (the "Offshore Master Fund" and, together with Advisors II, the "Reporting Persons"), and, as such, may be deemed to beneficially own the Warrants.
( 2)  As of October 1, 2009, the Issuer had 68,091,664 shares of common stock outstanding. As a result, the Reporting Persons are no longer subject to Section 16 as they are no longer the beneficial owner, directly or indirectly, of more than ten percent of the common stock outstanding.

Remarks:
Exhibit List :

Exhibit 99.1: Joint Filer Infrormation - Third Point Advisors II L.L.C.

* Power of Attorney granted by Daniel S. Loeb in favor of James P. Gallagher, William Song, Joshua L. Targoff and Bruce
Wilson, dated January 5, 2009, was previously filed with the SEC on January 5, 2009 as an exhibit to Amendment No. 3 to
Schedule 13G filed by Third Point LLC, Daniel S. Loeb, Third Point Offshore Fund, Ltd., Third Point Offshore Master Fund,
L.P., and Third Point Advisors II L.L.C. with respect to Energy XXI (Bermuda) Limited and is incorporated herein by
reference.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Third Point Offshore Master Fund, L.P.
C/O WALKERS SPV LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN, GRAND CAYMAN, KY1-9002
X

Third Point Advisors II L.L.C.
390 PARK AVENUE
NEW YORK, NY 10022
X


Signatures
Third Point Offshore Master Fund, L.P., By: Third Point Advisors II L.L.C., its general partner, By: Daniel S. Loeb, Managing Director, By: /s/ William Song, Attorney-in-Fact* 10/8/2009
** Signature of Reporting Person Date

Third Point Advisors II L.L.C., By: Daniel S. Loeb, Managing Director, By: /s/ William Song, Attorney-in-Fact* 10/8/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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