Satyam-Maytas controversy stuns Cyberabad

hmmm but as one goes through the fine print it seems that no law of the land has been voilated and also the board consist of some of the best names, also this was the same set of management which made this company so sucessful so if they had bad itentions why wait till now and why would international bodies recoginize them for corporate governance, i think there is more to this than what is being splashed in press / media which seems to be only one side of the story

I completely agree with you. I think the media and few of satyam's rivals are trying to put the management down by making it a big issue as they dont have the talent to match up to Raju's abilities. Raju has always been the god of IT. Ordinary people cannot relate to visionaries.

I must share a few facts with you and others to reiterate that Satyam still fundamentally sound company:

1. Satyam has Presence across the Globe (20 Industries ,65 Countries) more diverse than Wipro & INFY. This does happen by accident. This spread helps Satyam in tough economic conditions. Did you know outside India in Asia Pac Satyam revenue are more than any of the Top 3 Indian IT services firm. De-risked Geographic revenue distribution 21% Europe, 17% Asia Pac, 62% America’s. Best present to leverage emerging markets.

2. Satyam has Mature Practices DWBI & ERP. HCL had to spend over 0.5 Bn to get the ERP skills which we already have. they just save $ 0.5 Bn

3. Revenues & Net Income have Grown Five-fold over last 5 years. This by sheer hard work by 50,000 people. Not by accident

4. FY08 was the 5th successive year of >35% Growth in Net Income. Show’s how they have got profits year after year.

5. 32% revenue coming from New & Emerging vertical : Satyam has diversified and expanded is industry depth.

6. Deepest Fortune 500 client penetration 185, Total 690 clients. Clients continue to support Satyam in spite of the issues that have surfaced in last 10 days. Company has as many clients as Infosys and strong fundamentals then why worry?

7. Company has the largest cash reserve to revenue ratio in IT industry as a result of company employees under management direction … why question it now?

8. Client delight index is a 4.5 out of 5, client retention is 98%– clients are an asset – do not loose sight of the fact and do not slight Satyam and management for just one aberration – this is an organization and not just a script on the BSE/ NYSE.