Watz your say on Satyam?

D

deepakraam

Deepak Narayanan
Well this is the burning topic in this moment.On one end,Govt has appointed a board of 3 prominent members and they are trying their level-best to save the sinking ship.On the otherhand,Raju is being interrogated by the cops.More interrogation is pending.I'm here to discuss about the ship and not about the old-captain.Why can't we divide Saytam into pieces and sell it.I understand that this will tarnish a company called Satyam but considering the current scenario this would be a better option.Companies are willing to buy pieces rather than taking the whole full cake.Govt can divide the company into verticals and sell it.Govt can atleast negotiate with the buying for employee job security for 6 months.This would atleast put the employee in a better position.More clients would also be willing to run the business since the employees are still the same.I would say this is better than the current scenario where employee are not even sure about their jobs,salary and are settling for jobs with a lower salary.

Watz ur say on Satyam?

-Deepak.
 
If Satyam can survive without being sold , then what's the need for it?Even the employees got the salary for January 2009 as per media reports.Also with govt. companies providing projects to Satyam , it can for sure survive these diffcult times.
Siddharth
 
Ya really dis is burning topic, but i think Govt should not think of selling it out. As satyam is one of the important company in Indian IT sector. Satyam means not only Mr.Raju,as he is the culprit he is getting appropriate legal treatment,all shareholders & employees of it shouldn't br punished for deeds of Mr.Raju.Only capton of the satyam has changed but ship is same as previous. Govt shud give dem necessary financial bailout so that they can rise from this unprcedented crisis n regain der prestigeous image in IT world.
-Abhijit
 
i totally agree dt coz of mr raju it wldnt b fare to all d other employees if d government decides to sell it finally...infact i feel dt investigating and bringing out answers frm MR Raju should b speeded up...d further d delay d more it will b difficult to derive d truth...
 
RAJU DID WHAT HE DID..........
BUT NOW ITS THE DUTY OF THE G.O.I.
TO INTERVENE & GIVE HOPE TO THE HIGHLY TECHNICAL & COMPITENT STAFF
 
Why should Govt bailout the company which was purportedly drived into pits by its founder?Already we made a write-off of $15billion for farmers in the budget.It was a mere political gamble.Its all taxpayer's money.Again bailling out Satyam with Taxpayers money.Why should tax payers pay for someone's fraud?This is not a calamity or natural disaster for which we can atleast thinking of helping someone.But this is clearly a case of massive fraud.Why should you want to bailout a company?I'm concerned about the employees.Let the Govt negotiate with buyers to take all the employees in that vertical to be part of new company and assure them job for atleast next 6 months.This way the employees are safe and the Tax Payer's money too.

Wat do you say?


-Deepak.
 
good mind
raju was working on this from last few years,but no one was there to know,
may be every one was aware?
 
If Satyam can survive without being sold , then what's the need for it?Even the employees got the salary for January 2009 as per media reports.Also with govt. companies providing projects to Satyam , it can for sure survive these diffcult times.
 
Satyam has really disturbed the life of several professionals and have left them unemployed.Though several top IT offcials have taken the responsibility , lets see if it gets resolved to the earliest.
 
Hi buddies thank you for giving up your views...For your kind info...I am presently a satyamite...I feel really proud to say that i am with SATYAM....Yes I too agree with all your views...Satyam doesnt alone mean Mr.Raju...He is jut the promoter...But we have lot a lot more inside satyam....For the people outside it may look a tainted one...But still we people are working on our deliveries and we have our business continued...Coming to media's perspective...its their business to predict everything...See if its an election these people would conduct some prepools and say some "X" or "Y" will win...But this business wont fit everywhere...Satyam has really got a lot of good leaders with really good morale...They are seriously taking care of our bread and butter by client interaction and effective deliveries....One more thing I need to share...If you feel satyam a sinking ship...Why so many bidders are intrested in it...Just think .....
 
The prestige issue here is that international client satisfaction has been the yardstick, and not the say-so of India’s spin doctors. Even so, it is feared in many quarters, India may suffer grave challenges to its thriving outsourcing sector. Hasty international reactions need to be avoided.

Though Raju says he alone is responsible for what has happened, there has obviously been collusion on the part of the company’s accountants, chartered accountants, banks, and maybe even politicians, in the fraudulent financial engineering that he managed so adroitly quarter after quarter.

In the end, the scandal threatened to gobble up not just Mr Raju, who resigned, but his company, Satyam Computer Services. Far beyond Satyam, it raised fears that similar problems might lurk in other Indian companies, particularly in its vaunted outsourcing industry.
 
SAtyam thankfully has put the spotlight right on corporate governance. for once this is exactly what the doctor ordered.
 
Only due to over exposure being taken in Real Estate sector by Satyam group, which eventually became a total failure, the Satyam had to structure Maytas deal and every other problem followed such decision.

But for the Real Estate sector fall, which resulted in blockage of funds in real estate properties, the satyam scam would not have come in to lime light.

most of the companies in india are also involved in inflating books of accounts and showing cooked profits. But such diversion of funds, after cooking the books, may be is in to such sectors which are not dead as of now (unfortunately Satyam's target for parking of funds was Real Estate, which is almost at its bottom at this point of time).

May be it is time for Indian Regulators to conduct peer-review of financial accounts of all such big listed companies, which have more than 60% public shareholding base, as investor protection mechanism.

Regards

H.Arun Shourie
 
richroz said:
Hi buddies thank you for giving up your views...For your kind info...I am presently a satyamite...I feel really proud to say that i am with SATYAM....Yes I too agree with all your views...Satyam doesnt alone mean Mr.Raju...He is jut the promoter...But we have lot a lot more inside satyam....For the people outside it may look a tainted one...But still we people are working on our deliveries and we have our business continued...Coming to media's perspective...its their business to predict everything...See if its an election these people would conduct some prepools and say some "X" or "Y" will win...But this business wont fit everywhere...Satyam has really got a lot of good leaders with really good morale...They are seriously taking care of our bread and butter by client interaction and effective deliveries....One more thing I need to share...If you feel satyam a sinking ship...Why so many bidders are intrested in it...Just think .....
Click to expand...

HI I APPRECIATE YOUR LOYALITY TOWARDS SATYAM BUT WHAT IS SATYAM TODAY DUE TO ITS BLIND EMPLOYEE, SORRY TO SAY BUT ITS TRUE MANY EMPLOEE OF IT KNEW THE TRUTH.
BUT NOW THE QUESTION IS WHAT SHOULD BE NOW THEN YOU ALSO KNOW THE THE CURRENT SITUATION(RECESSION) AND THEN SATYAM FRAUD
GOVT SHOULD THINK DEEPLY AND FIND OUT THE SOLUTION. EITHER IT SHOULD SOLD OR GIVE SOME PACKAGE TO REINNOVATE.
 
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