Satyam Scam

In: Historical Events

Submitted By 16thjinal
Words 1924
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Satyam Likely To Exist Post Scam : Gartner Study
Although several companies are trying to have a bite into Satyam Computers, according to Gartner study, the company is likely to exist in its current form.
It is expected to discontinue some of its businesses, service lines or cease to exist in certain geographies by 2010. The study indicated that even the name Satyam may not be around by that time, as the company is expected to undergo a complete change, in ownership and organizationally.
Satyam’s ability to sign on new clients during 2009 has significantly diminished, says the study. ‘‘In addition, it will be challenged to invest in client engagements, staff developments or R&D, all critical elements for IT services,’’ said Gartner’s V-P for research, Frances Karamouzis.
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Posted by Satyam Fraud News Reporter on Sunday, February 1, 2009 at 7:46 am
Filed under Impact Of Satyam Scam On Indian Economy
Ex-Satyam Director Resigns From Sasken Board
Serial entrepreneur and NewPath Ventures co-founder Vinod K Dham resigned from the board of Sasken Communications as an independent director, a top official of the communications solutions provider said on Monday.
“Yes, Dham has resigned as a director of the company from the board on January 17,” Sasken chairman and managing director Rajiv C. Mody told IANS but declined to elaborate.
“We will inform you later, as we are busy with investors and analysts in a conference call on our third quarter performance,” Mody added.
The US-based Dham resigned from the board of the fraud-tainted Satyam Computer Services Dec 29 as an independent director over the IT bellwether’s aborted bid to acquire the two Maytas realty firms, run by the two sons of its disgraced founder and former chairman B. Ramalinga Raju.
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Posted by Satyam Fraud News Reporter on Monday, January 19, 2009 at 7:22…...

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