OMG Satyam is dying
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BIKeINSTEIN
Herald
TV people saying- "do not panic sell now at so low. hold on if you can."
And there is surely no point in buying now.
I was/am too chicken to invest in shares.
And there is surely no point in buying now.
I was/am too chicken to invest in shares.
even if i was a big company why would i take the extra burden of financial stress to my bottom line? firstly pay for the co. and its huge no of employees.
that will surely have an impact on the bottomline.
second this co. has a usa office. who knows if some one there might think of suing the co. for millions of dollars for willful financial irregularity? this would be more strain on the balances when you start adding the legal fees etc.
third, prepare to see a sharp fall in the buyer companys share prices. no shareholder would like the management to invest in a sinking company. i wouldn't for one.
this is how i came to the conclusion about no one being ready to buy it.
i might be wrong though.
@Gaurish, why would someone buy liabilities instead of assets? isn't buying assets and improving them more fruitfull than buying liabilities and taking a hit?
that will surely have an impact on the bottomline.
second this co. has a usa office. who knows if some one there might think of suing the co. for millions of dollars for willful financial irregularity? this would be more strain on the balances when you start adding the legal fees etc.
third, prepare to see a sharp fall in the buyer companys share prices. no shareholder would like the management to invest in a sinking company. i wouldn't for one.
this is how i came to the conclusion about no one being ready to buy it.
i might be wrong though.
@Gaurish, why would someone buy liabilities instead of assets? isn't buying assets and improving them more fruitfull than buying liabilities and taking a hit?
sarang
Explorer
BIKeINSTEIN said:TV people saying- "do not panic sell now at so low. hold on if you can."
And there is surely no point in buying now.
I was/am too chicken to invest in shares.
Lol me too shit scared/lazy/ignorant of teh market,
better invest in gadgets, will serve you better and keep your mind off of al the hoopla around. :rofl:
Sadistic middle mgmt and now fraudulent top mgmt. The Andhra CM and Raju are good friends if I'm not mistaken. Big embarassment for the CM.
More people are likely to be implicated in the scandal in the coming days. This company will go the Enron way and collapse unless there is some govt intervention or takeover.
More people are likely to be implicated in the scandal in the coming days. This company will go the Enron way and collapse unless there is some govt intervention or takeover.
bitsandpieces
Explorer
dipen01 said:
well, the standards which are set need to be followed in the first place
thing is world over(and not only in India) you have tomes of standards/laws/rules/watever which nobody gives a darn for.
pcgamer said:
as of now ppl think their are 53k satyam employees......
Satyam employees fear for jobs
regarding 25k the news is coming frm cnbc awaz......cant find the net source yet
Satyam does not command a book value of more than Rs.10 to 15 . Out of total assets of 7300 cr, 7100 cr are fake. That leaves 200 cr for 134 cr of equity share capital, making the book value of something around 15 per share.
On a side note, satyam is not getting delisted, just getting kicked out of nifty index. you will still be able to sell the shares.
On a side note, satyam is not getting delisted, just getting kicked out of nifty index. you will still be able to sell the shares.
http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSBOM36503420090108
Happened sooner than I had expected. I really doubt if anyone at all will bid for Satyam now
Happened sooner than I had expected. I really doubt if anyone at all will bid for Satyam now
Satyam Computers sacks over 30 employees- Software-Infotech-The Economic Times
Irony When a co sacks its employees for allegedly defrauding 3k, while to co itself is commiting it to the tune of 80000000K :bleh:
Irony When a co sacks its employees for allegedly defrauding 3k, while to co itself is commiting it to the tune of 80000000K :bleh:
greenhorn said:
OMG almost forgot about this news.....classic irony
hyeah: So many people would have grudge against this company :bleh:
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