well..seems like Govt is planning to bail out Satyam..
in my opinion, it’s very unfortunate..
unfortunate ? come on, around 53,000 employee’s fate are on it..
it would be a wrong precedent to set. What if companies in future sees government money as an option to tide over their business slump ?
i guess govt will have to see it as an exceptional case…
what exceptinal case ? this is a case of fraud !
yes..but i guess fate of lot of people are depended on Satyam..so Govt has to help it…
see..this is not a situation developed from the global economic crisis for govt to step in and help….this is a case of fraud..
what do you think should all these employees should do ? what about the fate of employees ?
maybe some other IT company should absorb Satyam. I am saying it is not the job of govt to bail out companies which are pushed into dire state by a rotten CEO or chairman..
see Deepak Parekh said 2 independent auditors will see into Satyam accounts and try to come out with the true statement..
thats good…did he say anything about new CEO or CFO ?
no..he said they are aggresively looking for top management people..
ic..anything about Q3 results ?
they are asking for an extention of Q3 results release..
umm…i am waiting to see what it will look like..lol.
Deepak Parekh, C Achuthan, and Kiran Karnik wants banks to support Satyam at this time of crisis..
lol..that is funny. How they expect bank to come up and offer some money when they themselves can’t say what Satyam’s financial statement looks like ?
they say Satyam is cash-struck..they are looking into more cash availability from whatever source..
why cant other IT companies like the lights of Infosys and TCS help Satyam ?
they should..dont they.
yeah..after all, Satyam was a big poster boy for the India’s IT business..
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