thetechmind
Forerunner
virus32win said:
you belong to the elite group on people who believe in reliance........
nothing beats the TATA's !
OMG Satyam is dying
- Thread starter Aces170
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you belong to the elite group on people who believe in reliance........
nothing beats the TATA's !
Aces170
Forerunner
Since the Maytas fiasco, a lot of short sell were booked, the brief spike today in Satyam is most likely that these guys are buying to cover up the trade thats it.
Do remember Satyam has an ADR in US, and it will see a major sell off today. Basically even if Satyam has any value left, no big investor will touch it because of corporate governance issue unless it has a real buyer.
That brings on the main question, who will buy Satyam ? No company in its right mind will try figuring out Satyam's value (Duh they have fudged their a/c's) An imminent collapse not too diff from that of Enron, and Worldcom is the likelihood...
Do remember Satyam has an ADR in US, and it will see a major sell off today. Basically even if Satyam has any value left, no big investor will touch it because of corporate governance issue unless it has a real buyer.
That brings on the main question, who will buy Satyam ? No company in its right mind will try figuring out Satyam's value (Duh they have fudged their a/c's) An imminent collapse not too diff from that of Enron, and Worldcom is the likelihood...
Does this mean IT in India has taken a big blow? i'm trying to figure out the bigger picture.
Party Monger
Juggernaut
Its a big fraud, but its not the end of the road..
The accounts are not the source of information they are the aggregated information, Setting the books of accounts right is not very hard and with internal reconstruction and due diligence by various bodies, things can be set right.
The problem now wil be in people's mind and not satyam..Time will heal it, whats needed is a complete revamp of the management..
Aces170
Forerunner
The stock is down 90% in the US
http://www.nytimes.com/2009/01/08/business/worldbusiness/08satyam.html?ref=technology
“This development is going to have a major impact on Satyam’s business with its clients,†said analysts with Religare Hichens Harrison on Wednesday. In the short term “we will see lot of Satyam’s clients migrating to competition like Infosys, TCS and Wipro,†they said. Satyam is the fourth-largest outsourcing firm after the three named."
"Satyam has been under close scrutiny in recent months, after an October report that the company had been banned from World Bank contracts for installing spy software on some World Bank computers. Satyam denied the accusation but in December, the World Bank confirmed without elaboration on the cause that Satyam had been banned. Also in December, Satyam’s investors revolted after the company proposed buying two firms with ties to Mr. Raju’s sons.
On Dec. 30, analysts with Forrester Research warned that corporations that rely on Satyam might ultimately need to stop doing business with the company. “Firms should take the initial steps of reviewing the exit clauses in their current Satyam contracts,†in case management or direction of the company changed, Forrester said. "
http://www.nytimes.com/2009/01/08/business/worldbusiness/08satyam.html?ref=technology
“This development is going to have a major impact on Satyam’s business with its clients,†said analysts with Religare Hichens Harrison on Wednesday. In the short term “we will see lot of Satyam’s clients migrating to competition like Infosys, TCS and Wipro,†they said. Satyam is the fourth-largest outsourcing firm after the three named."
"Satyam has been under close scrutiny in recent months, after an October report that the company had been banned from World Bank contracts for installing spy software on some World Bank computers. Satyam denied the accusation but in December, the World Bank confirmed without elaboration on the cause that Satyam had been banned. Also in December, Satyam’s investors revolted after the company proposed buying two firms with ties to Mr. Raju’s sons.
On Dec. 30, analysts with Forrester Research warned that corporations that rely on Satyam might ultimately need to stop doing business with the company. “Firms should take the initial steps of reviewing the exit clauses in their current Satyam contracts,†in case management or direction of the company changed, Forrester said. "
The Sauron
Forerunner
magnet said:
They removed it from NIFTY (Nifty is a well diversified 50 stock index accounting for 21 sectors of the Indian economy)
Reliance Capital replaced Satyam in NIFTY.
thetechmind
Forerunner
kumaranuj said:
then u would unfortunately be left with "dummy" shares :no: u cant sell then unless they decide to relist again OR a merger takes place and u are given some shares in a particular ratio...:no:
thetechmind
Forerunner
6pack said:
afaik , any company shares listed on either of the stock exchanges can be sold / bought vice versa.....so answer to your question is -yes.
thetechmind
Forerunner
morgoth said:
The new year is here! ......seeing on news....delisted from international trading and what not.....i'm feeling sad for its employees :no: , they must be in so much tension in times like these......pink slip ? merger ?
more-ever feeling sorry for the share holders ...the real ones who have their hard earned money not the ones who have already double - tripped their investments in the years gone by.
they just showed on tv a guy said he got 1k shares 'yesterday' , hard earned money , savings from here and there and the next morning its all gone :no: , v. sad.
(that reminds me about a very important advise i was given - never to put all money in 1 company , divide it between companies of different genre)
Aman27deep
Herald
ppl who invested 1 lakh last year same day their value would been ard 9k...even bad for person who invested 1 lakh yesterday...its 22k for them
i gess virus information to b more true rather than delisting else no one would had even bought also plus..rel cap replacing it means its already listed than frm where its going to take place...
So it means its name will out from the list of stocks on whose tracking sensex/nifty points are decided
i gess virus information to b more true rather than delisting else no one would had even bought also plus..rel cap replacing it means its already listed than frm where its going to take place...
So it means its name will out from the list of stocks on whose tracking sensex/nifty points are decided
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