Satyam still an attractive buy, say industry experts - 500 Beiträge pro Seite

[eula]

Satyam still an attractive buy, say industry experts

9 Jan 2009, 0054 hrs IST, Shelley Singh & Jessica Mehroin Irani, ET Bureau

NEW DELHI/MUMBAI: The admission of financial irregularities at Satyam by its founding chairman may have scared off potential suitors circling the
firm for now, but the company remains an attractive buy because of its coveted clients, solid talent base and proven service delivery capacity, feel industry experts.

A prompt government response would instill faith in potential buyers, given the magnitude of the fraud and the mounting lawsuits, they say.

“Given the financial mess and the admission of fraud, it will have to be a government-assisted transaction where the state gives a blanket indemnification to the buyer. The faster it happens the better it is to avoid any further value erosion of the company,” said Avinash Vashistha, CEO, Tholons, a Bangalore-based offshoring advisory firm.

“Assets include not just people, clients and offices, but also litigations and vendor payments, which may not have been fulfilled. A large number of litigations could spoil it for potential suitors,” according to Apurva Shah, IT analyst with Prabhudas Leeladhar.

Analysts foresee two ways to rescue Satyam. In the first, the government takes a proactive role and gives the new buyer guarantees against the legal and financial liabilities of the company. The model available here is that of Bear Stearns where JP Morgan, assisted by the US government, bought the bankrupt Wall Street bank for as low as $10 a share.

In the second option, Satyam could be broken up into various pieces — BPO, industry verticals, service lines — and sold to several buyers after thorough due diligence by government and auditors, like the US administration did with the collapsed energy giant Enron.

But industry veterans warn that interested parties may like to wait till the whole story unfolds at the beleaguered firm.

“Nobody will cut a cheque for Satyam till a full audit and due diligence is done,” said Raman Roy, chairman and managing director, Quatrro BPO Solutions.

The general opinion among the analysts is that if it’s a single buyer for Satyam, it could be a big player like IBM, Accenture, Cap Gemini or TCS. If it’s multiple buyers, it could be a bunch of IT-BPO companies including Genpact, Patni and L&T Infotech.

“For instance, Wipro or HCL could pick up the infrastructure business while Satyam’s GE business might interest Patni who already services GE. The BPO part could go to any of the large BPO companies,” said a Bangalore-based IT analyst with an investment bank who asked not to be named.

“If Satyam is sold as individual business units, it will be very difficult to ascertain with whom the legal liabilities lie,” said Anoop Narayanan, partner, Majumdar & Co, a Mumbai based international law firm.

Whichever way it goes, experts agree that Satyam cannot exist as a stand-alone entity any longer while getting a buyer without government support will be tough.

“Right now, there will be few companies coming forward to buy it. If they do, potential acquirers will be subjected to far greater scrutiny than ever before,” said Diptarup Chakraborti, Gartner’s principal analyst.
Mid-tier IT services companies could also look at Satyam as it offers opportunity to scale up with its current base of clients.

“Most of the mid-tier companies do not get large clients due to lack of scale. Lucrative contracts invariably go to bigger services providers like TCS, Wipro, Infosys or the multinationals,” said Tholons’ Mr Vashistha.

And one such company, the $400-million, 10,000-strong L&T Infotech is seen as interested in Satyam.

When contacted by ET, L&T Infotech CEO Sudip Banerjee, said: “Satyam has to sort out its problems first. As far as we are concerned, we always look at both organic and inorganic growth options.”

http://economictimes.indiatimes.com/articleshow/3954033.cms

[eula]

[eula]

Satyam scandalises

Published: January 8 2009 19:29 | Last updated: January 8 2009 19:29

India is rarely as shiny as its fans insist. The $1bn fraud perpetrated by Satyam Computer Services will not only throw the $40bn software and outsourcing industry into a tailspin, it will also raise disturbing questions about the risks of doing business in India – and even the sustainability of the country’s much-vaunted growth miracle.

Only a few months ago, India saw itself as relatively immune from the global credit crisis. Some officials patted themselves on the back for going slow on liberalising capital markets, crediting their prudence as yet further evidence of the country’s inexorable rise. But India now has a credit crunch of its own. Exporters are hurting and threatening to lay off 10m workers. Terror attacks on Mumbai have cast into doubt the competence of the security apparatus and shaken business and consumer confidence. No one can still be under the illusion that anything like 9 per cent economic growth is achievable this year, and probably next. The growth rates of recent years might yet come to be seen as a high-water mark.

Like many white-collar frauds, that of B. Ramalinga Raju, Satyam’s founder, started out small. He says it began with an attempt to cover up one disappointing quarter but then got seriously out of hand – in spite of the fact that Satyam’s board was stuffed with India’s business elite. This must raise questions about Indian corporate governance, as well as the credibility of companies’ balance sheet and auditing oversight. Overhauling auditing rules is now a matter of urgency.

Of course, India is hardly alone in such failings, as US and other regulators are in a position to appreciate. Satyam, moreover, was audited by PwC and listed in New York and Amsterdam, as well as Mumbai.

But India, with a per capita income of less than $1,000, has more to prove. In spite of its poverty, it has sold itself as a country to which Fortune 500 companies can entrust sensitive data, banks their back offices and even patients the production of medicines. Its extraordinary success in IT over the past decade was based on the trust and credibility it established with globalised companies; the Satyam scandal has now put that at risk.

Outsourcing companies, furthermore, are keen to move up the value chain; to outsource some of their own functions and even to start acquiring the western companies whose businesses they help run. These ambitions are laudable. But like India itself, whose economic success story is built on extremely rickety social and infrastructural foundations, such grand designs can also smack of hubris

http://www.ft.com/cms/s/0/0f75a660-ddad-11dd-87dc-000077b076…

[eula]

Bilanzsbetrug in Indien
Satyam-Aktien stürzen ab

[Csillagok]

!

Dieser Beitrag wurde moderiert. Grund: Spammposting

[eula]

Donnerstag, 08.01.2009

Gerücht: Massenentlassungen bei Satyam

Der Finanzskandal beim grossen indischen Outsourcer Satyam könnte für die Mitarbeitenden gravierende Folgen haben. So berichtet die seriöse indische Zeitung 'Economic Times' heute, man befürchte Massenentlassungen bei Satyam. Bis zu 10'000 Stellen könnten in Kürze abgebaut werden, da dem Konzern schlicht das Geld für die Auszahlung der Löhne fehle. Satyam hat total 53'000 Angestellte.

Der Skandal bei Satyam könnte sogar zu massivem Druck auf die Löhne der indischen IT-Spezialisten überhaupt führen, sagte der Chef einer Headhunter-Firma zu der Zeitung. Er glaubt, dass die Löhne um bis zu 10 Prozent sinken könnten, da es heute ein Überangebot von 20'000 IT-Leuten auf dem indischen Markt gebe. Die Unsicherheit sei sehr schmerzhaft ("killingly painful") für die Angestellten, da es wenig Neuanstellungen bei anderen Firmen gibt. Die Zahl der Satyam-Angestellten, die ihren Lebenslauf online publiziert haben, stieg zwischen Dienstag und gestern von 7'800 auf 14'000.

Gestern gab der Verwaltungsratvorsitzende und CEO von Satyam, B. Ramalinga Raju, jahrelange Bilanzmanipulationen zu. Die börsenkotierte
.
Firma hat viel zu hohe Umsätze und Gewinne ausgewiesen. (hc)

http://www.inside-it.ch/frontend/insideit?_d=_article&site=i…

[eula]

Finanzbetrug
Auch Indien hat jetzt seinen "Madoff"
(0)
8. Januar 2009, 18:46 Uhr

50 Milliarden sind verschwunden: Das kommt einem bekannt vor. Denn der US-Börsenhändler Bernard Madoff hat diese Summe – in Dollar – nach Erkenntnissen der Strafverfolger verzockt, zum Schaden der Anleger. Nun entpuppt sich ein einst gelobter indischer IT-Unternehmer als Bilanzfälscher.



"Wie der Ritt auf einem Tiger": Der indische IT-Unternehmer Ramalinga Raju hat Bilanzfälschungen beim Konzern Satyam zugegeben


Ausgerechnet Satyam hatte Ramalinga Raju sein Unternehmen genannt. Im Sanskrit, der Sprache der alten indischen Literatur, bedeutet dies Wahrheit. Doch mit Literatur hatte der viertgrößte Software-Dienstleister Indiens nicht viel am Hut. Und mit der Wahrheit war es bei der Firma auch nicht weit her, wie sich dieser Tage herausstellt.

Bernard L. Madoff during a panel discussion on the future of the stock market at the Philoctetes Center in New York Madoffs Opfer

Wie der Finanzbetrüger Promis abkassierte

Raju hat zugegeben, die Bilanz des Konzerns mit fiktiven Vermögenswerten in Höhe von über 50 Milliarden Rupien (761 Millionen Euro) geschönt zu haben. In einem Brief an den Verwaltungsrat erklärte er, die Gewinne aus dem Hauptgeschäft über „mehrere Jahre hinweg” manipuliert zu haben. Von den 53,61 Milliarden Rupien, die Satyam Ende September 2008 in der Bilanz an liquiden Mitteln und Bankreserven auswies, seien 50,4 Milliarden Rupien schlicht nicht existent.

Das Ausmaß des Betruges erinnert an den New Yorker Hedgefondsmanager Bernie Madoff, der erst vor wenigen Wochen zugeben musste, dass er Anlegergelder in Höhe von rund 50 Milliarden Dollar in einem Schneeballsystem veruntreut hat. Auch Raju bringt es auf 50 Milliarden, die sich in Luft auflösen – wenn auch in indischen Rupien. Ebenso offensichtlich sind die Parallelen zum Fall Enron, der Ende 2001 die Welt erschütterte.

Der US-Energieriese hatte seine Bilanz massiv gefälscht und zu hohe Gewinne ausgewiesen. Bei Satyam hätten die Bilanzfälschungen als minimale Differenz“ zwischen erwirtschaftetem und ausgewiesenem Gewinn begonnen, so Raju. Im Laufe der Jahre habe er jedoch die Kontrolle verloren. „Es war wie der Ritt auf einem Tiger“, sagte der 53-Jährige nun. „Man weiß nicht, wie man absteigen soll, ohne dabei gefressen zu werden.”

Noch im Dezember versuchte Raju vergeblich, die beiden Bauunternehmen Maytas Properties und Maytas Infra, an denen er selbst beteiligt ist (wobei es bei der Namensgebung offenbar etwas an Fantasie mangelte – man lese den Namen rückwärts), an Satyam zu verkaufen und auf diese Weise den Betrug zu vertuschen.

Die Firmen hätten die fiktiven Vermögenswerte durch real existente ersetzen sollen. Doch die geplanten Akquisitionen stießen auf massiven Widerstand der Aktionäre und scheiterten. Schließlich flog der Schwindel auf. Der Aktienkurs stürzte am Dienstag um fast 80 Prozent ab und zog den indischen Leitindex Sensex, in dem Satyam enthalten ist, ins Minus. Gestern jedoch erholten sich die Papiere wieder als Spekulationen aufkamen, Satyam könnte von IBM oder CapGemini übernommen werden.

Der Software-Dienstleister wurde 1987 von den Brüdern Ramalinga und Rama Raju im südindischen Hyderabad gegründet. Weltweit unterhält Satyam 28 Entwicklungszentren, darunter Niederlassungen in München und Wiesbaden. Noch im September war die Firma vom World Council for Corporate Governance, einer Organisation zur Förderung der Transparenz in der Unternehmensführung mit dem „Golden Peacock Award“ (Goldener Pfau) ausgezeichnet und damit als vorbildlich dargestellt worden.

Dass nun ein Vorzeigeunternehmen im Mittelpunkt eines solchen Betruges steht, erschüttert das Vertrauen in die gesamte indische Wirtschaft. „Dies ist ein schwarzer Tag für Indien, die Software-Industrie und die Verhaltensregeln für Unternehmen“, sagt Arun Kejriwal, Gründer des Marktforschers Kerjriwal. „Satyam hatte einen erstklassigen Verwaltungsrat und einen renommierten Prüfer, trotzdem gelang der Betrug“, so Analyst Tarun Sisodia von Anand Rathi Securities. „Es stellt sich die Frage: Warum sollte nur Satyam die Bilanzen schönen und nicht auch jedes andere Unternehmen?”

http://www.welt.de/finanzen/article2994231/Auch-Indien-hat-j…

[eula]

heute 11.30 iin Fra.

DIE FOLGENDE AKTIE IST AB SOFORT AUSGESETZT:
THE FOLLOWING SHARE IS SUSPENDED WITH IMMEDIATE EFFECT:

INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL

SATYAM COMPUTER SVC - ADR TA7A US8040981016 BAW/UFN

bei amis ausgesetzt seit gestern und in Indien seit heute früh!!!

[beny0913]

Antwort auf Beitrag Nr.: 36.336.475 von eula am 08.01.09 21:28:24

was erwartet morgen früh uns, ich halte 5000 stück

[eula]

Antwort auf Beitrag Nr.: 36.336.526 von beny0913 am 08.01.09 21:33:17

Laß uns uberassen..die stücke liegen fest..

[Klee77]

Antwort auf Beitrag Nr.: 36.336.519 von eula am 08.01.09 21:32:36

In Indien wurde heute übrigens eh nicht gehandelt wegen eines Feiertags... habe ich irgendwo heute gelesen - in der ganzen Flut der Meldungen...

[Klee77]

Satyam trying to reassure wary investors
Email Print Normal font Large font January 9, 2009 - 5:25AM
....
Trading on India's stock exchanges was closed on Thursday because of a holiday, but on Wednesday, news of the fraud at Satyam Computer Services Ltd dragged the benchmark Sensex stock index down 7.3 per cent - with Satyam's shares plummeting nearly 78 per cent.

Auszüge aus:
http://news.smh.com.au/business/satyam-trying-to-reassure-wa…

[marvessa]

ist der extreme Absturz gerechtfertigt ? oder wartet hier ein netter Zock ? wobei uns Indien die Richtung vorgeben wird

[eula]

Last traded 20.35 * Change -19.60 (-49.06%)

[eula]

der gerucht ist warheit...

Satyam may axe 10,000 employees in Feb



January 09, 2009 08:58 IST
With a big questions mark on its cash position and a minimum outgo on salary estimated at Rs 500 crore (Rs 5 billion) a month, Satyam [Get Quote] may lay off over 10,000 employees next month, says a recruitment firm.

"It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries.

The current fiasco is likely to put pressure on salaries, which may reduce by 10 per cent due to the surplus of about 20,000 people in the jobs market," Headhunters India CEO Kris Lakshmikanth told PTI.

Satyam interim CEO Ram Mynampati while admitting that the cash position is not encouraging, the company, however, has taken care of salary for December.

Lakshmikanth said till Tuesday evening there were about 7,800 people from Satyam who had posted their resumes on job sites and by Wednesday afternoon, it rose to 14,000.

The Satyam fiasco: Complete Coverage

The uncertainty about jobs is killingly painful for the 53,000 employees of Satyam, especially when the industry is going slow on recruitment.

Further, possibility of a takeover too looks distant as the accounting fraud done by the company would make it difficult for any firm to evaluate its correct market value, which is compounding the worries of the employees.

IT-BPO union Unites Professionals general secretary Karthik Shekhar said, "In case of any lay off at Satyam, we may take legal action."

"We have received over 7,000 hits since the news break. On Wednesday, in one hour we have seen over 800 hits (no of people visiting the site) from Hyderabad. People have been enquiries on how the union can help them," Shekhar added.

[eula]

Satyam staff hoping for a miracle
Krishna Mohan & Kaustubh Kulkarni

January 09, 2009 10:58 IST
Though it's over 24 hours since the founder-chairman of Satyam Computer Services [Get Quote], B Ramlinga Raju, resigned after making shocking revelations, its employees (known as associates) are yet to come to terms with the reality.

Most of them turned up for work on the Hyderabad campus, but were clearly at a loss for words. For one, the security was further tightened, with police force joining the private security guards.

One has to go through several rounds of checks before entering the main gate. Besides, there was the media frenzy with a number of Outside Broadcasting vans parked in front of the office. And, a three-member team from the Securities and Exchange Board of India (Sebi), led by its southern region general manager Sunil Kumar, visited the Satyam office.

"We are in a maze. We still do not believe that our company is in such a mess,'' said an employee. But, owing to individual deadlines and projects, it's business as usual for them.

[eula]

Satyam shares crash by 85% to Rs 6

January 09, 2009 11:19 IST
Last Updated: January 09, 2009 11:23 IST

Shares of Satyam [Get Quote] Computer on Friday got battered even further in opening trade and witnessed a level of Rs 6.30, a dip of as much as 85 per cent from its last close on the National Stock Exchange.

The scrip which had witnessed nearly 78 per cent fall in the previous trading session (on January 7), got hammered further and touched an intra-day low of Rs 11.50 on the Bombay Stock Exchange and Rs 6.30 on the NSE.

At 1100 hrs, the stock was quoted at Rs 21 on the BSE and Rs 18 on the NSE. "At this point of time it is not clear as to whether the stock should be allowed to be traded in the exchanges, when there is no clarity about the financial of the company," marketmen said

[eula]

The Satyam scandal: Now what?
Rajeev Srinivasan

January 09, 2009

Mea culpa: I did not see through the biggest scam in the Indian market in years. I have to admit that I misjudged the promoters of Satyam [Get Quote] when I defended them and the company recently.

But then, I am in good company -- the independent board members of Satyam (including the dean of the Indian School of Business, a Harvard Business School professor, and an erstwhile star at Intel), the institutional investor community, the Sebi, retail investors, and the external auditor -- none of them, including professional investors with detailed information and models available to them, detected the malfeasance.

So it would have been practically miraculous if someone like me, depending solely on public information, would have been able to detect the fraud.

Furthermore, I continue to maintain that the proposed investment in the real estate sector could well have been a reasonable idea. That is, if only Satyam's alleged $1 billion cash reserve had actually existed. Besides, I reiterate that the World Bank -- which fired its CIO for allegedly seeking bribes from vendors, possibly including Satyam -- is in no position to point fingers at anybody.

[eula]

Last Trade: 20.20
Trade Time: 1:14AM ET
Change: Down 19.75 (49.44%)
Prev Close: 39.95
Open: 32.00
Bid: 20.10
Ask: 20.20

[eula]

[eula]

Last traded 21.10 *
Change -18.85 (-47.18%)
Time 09 Jan, 12:02
Volume 46397785
Prev Close 39.95
Day's H/L (Rs) 32.00 - 11.50
Mkt Cap (Rs Cr) 1414.76
52wk H/L (Rs) 544.00 - 30.70

[eula]

[eula]

Weiterer Kursabsturz bei Satyam

Die Aktien des indischen IT-Dienstleisters Satyam verlieren am Freitag weitere 50 Prozent ihres Wertes, nachdem sie am Mittwoch nach Bekanntgabe eines lange dauernden und ausgeprägten Bilanzbetrugs schon knapp 78 Prozent verloren hatten. Interimsvorstandschef Ram Mynampati hatte am Donnerstag erklärt, das Unternehmen könne in Liquiditätsschwierigkeiten geraten. (Bloomberg)

[Sheep_2001]

Steigt langsam:

SATYAM COMP 21.9 -18.05 (-45.18%)

[Sheep_2001]

SATYAM COMP 22.05 -17.90 (-44.81%)

[eula]

What bonds us now is emotional equity: Satyam CEO
BS Bureau, Mumbai

January 09, 2009
Ram Myanampati, the interim chief executive officer of beleaguered Satyam Computer Services [Get Quote], on Thursday admitted that he himself is on a shaky ground.

Yet, he asserted that the might of Satyam is Satyamites. He claimed to be shocked by the disclosures of Raju and insisted he's not related to Ramalinga Raju and will cooperate with the investigating agencies.

"We will do everything within our power. We are focused on sustaining our operations and giving assurance to our customers while focusing on maintaining transparency," he said. Excerpts:

Where is the CFO of the company now?
We have been in constant touch with the CFO. He is not coming to the office due to personal reasons. But we are sure that he is in Hyderabad.

The Satyam fiasco: Complete Coverage

Raju's letter states that the real margin was only 3 per cent and that the cash reserves were inflated. Did this money never exist or did not come back to the company?

We are currently establishing the veracity, legitimacy and accuracy of Raju's disclosures. We have a different model of operation - Full Life Cycle - where we are entrusted with the responsibility of managing businesses. At any point of time, we have good visibility of our businesses.

The financial figures of the second quarter are consolidated at the CFO's office and we will not be able to know about it now. We are not in a position to comment on this at present.

What is the legal stance of the company as there is no board of directors here now? How will the company work legally and what happened to the Price Waterhouse issue?

I am one of the board members and there are two other independent directors who are not present here. I happen to be the only employee on the board. At least, one is here now (laughs). The board members have given their approval for me to function in the role of an interim CEO, which gives the legal stance to run the company. So, there is a legal board-approved status. We are yet to ascertain the accuracy of the statements. We have not contacted Price Waterhouse, but will certainly attempt to do this as soon as possible.

How is the company planning to pay its employees, both onsite and offshore?

We have taken care of the employees' payments for December and the first installment of the US payroll is already in place. Liquidity on the balance sheet is not encouraging. But we are looking at various actions to enhance this. The CFO has actually sent his resignation today. We have not accepted it and sent it to the board members. The issue will be put forth in front of the board meeting that is scheduled to be held on Saturday (January 10). Nobody has been identified for the CFO post as yet.

What happened to the managing director as well as the chairman? Have they been contacted? Please, elaborate on the financial position of the company.

We had a conference call with the chairman, managing director and the CFO within half-an-hour of the disclosure by Raju yesterday. He has assured his support and said he will be available to us. On the liquidity part, we have not yet completed the process as we have been confronted with the situation only 36 hours ago. We will be looking at the balance sheet and will be verifying the facts. We are trying to come up with an assessment to maintain liquidity to deal with the continuity of our business operations. We have a healthy receivables position now.

Do you anticipate any threat from any major stakeholders in terms of attempts to sit on the company's board? And about the alleged political connection with the wrong-doings? Do you have any equity in the company and any vested interests?

We have to deal with the crisis in a proper fashion and by working in tandem with the regulatory agencies. The law will take its own course. In this current crisis, we (the top leaders) are emotionally vested. We are fortunate to be surrounded with such supportive team and associates. All of us have some equity, but the things that bonds us together now is emotional equity.

Was there a Sebi team in the Satyam office today?

Yes, there is a Sebi team here today and are talking to some associates. We are fully cooperating with them.

Why is there a gap in announcing the CFO's resignation while a few minutes back you said that he was on leave for some personal reasons and now that he has tendered his resignation? Are you sure that these are the facts?

I am not properly paying attention given the consequences that are taking place. We have been in touch with him. We received his resignation today and I don't have the exact text of his letter. I am sure these are the facts.

Have any buyers approached you so far?

Many actions are possible. There are a couple of issues on the agenda for the January 10 board meet � to explore induction of new board members, possible action in the wake of the promoters' stake sale and exploring strategic alternatives.

Our engagement with the current investment bank is intact. We, however, are looking at engaging a new investment bank as quickly as possible. We will go with the investment bank and look for ways and best things to do to safeguard the interests of our shareholders.

Are you appointing a new accounting firm now? Where is Ramalinga Raju? During every results announcement, you take most of the questions and talk about the company's margins. And now, you say that you have no idea of the inflated margins disclosed by Raju?

I have no knowledge of where he is now and am assuming that he is in Hyderabad. I don't know what the margins of a company are. The issues that I dealt with is what opportunities (in various geographies) we have to improve our margins.

Are you extending the timeframe for the revised results?

We are legally bound to declare our results by the month-end. We need to establish facts and are in the process.

Have you filed any complaint with the police against Raju?

We are yet to ascertain things before doing it. We are working round the clock to deal with what has happened.

Do you really have 53,000 associates and are these physical assets owned by the company?

According to our Q2 statement, the headcount is 53,000 at the end of September. However, due to the current trends and the way attrition rates are growing, about 2,000 associates have left. As of today, the employee strength might have come down.

Will the Price Waterhouse be auditing the Q3 results as well or are you going to engage another auditing firm?

Today, our auditing firm is the same. After assessment of the disclosures and if we find something wrong, we will be looking for another firm.

Raju, in his disclosure, said that he was carrying 'additional resources and responsibilities'. What is the company's current utilisation?

You need to wait for the Q3 results when we will be able to get back to you with accurate information.

[Sheep_2001]

Realtime Indien:

http://www.banknetindia.com/stock/bse.htm

[eula]

Satyam Computer Services

Ramalinga Raju gründete Satyam Computer Services 1987 in Hyderabad. Zu Beginn hatte das Unternehmen 20 Angestellte. Raju erkannte das Potential der indischen Outsourcing-Branche. Mit tiefen Preisen lockte das Unternehmen mehr als 600 Kunden aus Dutzenden von Ländern an, denen es Computer-Software für die Datenverwaltung anbot sowie die Betreuung von Kundenservice, Buchhaltung und Callcenter. 183 von Satyams Kunden gehören in die Liga der "Forbes 500", der weltweit größten Konzerne, darunter General Electric, Nestlé, General Motors, Sony, Nissan, Qantas, Fujitsu. Die Weltbank verlor Raju als Kunden, nachdem diese herausgefunden hatte, dass ihre Mitarbeiter von Satyam bestochen worden waren. Die Firma beschäftigt 53 000 Mitarbeiter, etliche von ihnen in den 28 Filialen im Ausland. Die letzten verfügbaren Bilanzzahlen datieren vom März vergangenen Jahres, als Raju den Umsatz mit 2,1 Milliarden Dollar bezifferte und den Gewinn mit 434 Millionen Dollar. om

http://www.sueddeutsche.de/955386/942/2705501/Satyam-Compute…

[eula]

The Satyam insider trading allegation

January 3: A sale of pledged shares by lenders of the Ramalinga Raju family led to the family's stake in Satyam falling to 4.4% from 8.27%

January 6: Satyam clarified news item of merger with Tech Mahindra; ILFS announced sale of 2.45 crore equity shares of Satyam

January 7: Mr. B Rama Raju, Managing Director, admitted fraud; resigned; Satyam books inflated of Rs 5040 crore; DSP Merrill Lynch terminated its engagement with the company. Satyam down 78%
http://premkudva.livejournal.com/1030246.html" target="_blank" rel="nofollow ugc noopener">
http://premkudva.livejournal.com/1030246.html

[Latinl]

bei tradegate 0,45

[eula]

Last traded 22.65 * Change -17.30 (-43.30%)

[eula]

[Sheep_2001]

(SP. ADRS) 2 IR 2

müsste eigentlich bedeuten wir halten 2 Indische Papiere.

D.h. wir müssen den Indischen Kurs doppel nehmen.. für eines unserer Papiere.
Nur zur Info.

[Sheep_2001]

23.1 -16.85 (-42.18%)

[martin30sm]

Also ca. 0,65 Euro

[fortuna924]

sehe ich das richtig, Umgerechnet zum Euro-Kurs = 0,3305€ ???

[Latinl]

Die bude ist tot

schau bei tradegate

da wir geschmissen

[Sheep_2001]

tot, genau. 53.000 Mitarbeiter und nichtmal mehr 400 Mio Firmenwert.
Egal wie schlecht die Bilanz ist, die Firma ist trotzdem nicht mit ihren Kunden,Projekten und Einrichtungen mehr als 1Mrd Wert.
Das Problem ist im Moment nur das Vertrauen ist weg.

Also du dummer Push, kusch dich..

[Latinl]

toooooooooooooooooooottttttttttttttttttttttt

[Latinl]

Chapter 11 oder verstaatlichung

[eula]

Demand to reverse all Satyam share deals of Jan 7
Sheela Bhatt in New Delhi

January 09, 2009 12:53 IST

As the Satyam Computer Services [Get Quote] saga was unfolding on January 7, neither the Securities and Exchange Board of India nor any of the Indian stock exchanges decided to suspend trading in the company's shares that fell by almost 80 per cent by the end of the day, wiping out billions of rupees worth of investor money.

Records show that more than 18 crore (180 million) shares were sold on the Bombay Stock Exchange and the National Stock Exchange on January 7. Most of the bulk holders of the Satyam scrip dumped the stock, preferring to bail out following the admission of a massive fraud by the Satyam chairman B Ramalinga Raju. It was the small investor who was mostly left holding the bucket.

The fraud committed by Raju is one of the darkest chapters in India's corporate history. But even after Raju confessed to the fraud in a letter sent to the stock market regulator and to the bourses, the authorities did not come to the aid of the retail investor.

This was a serious blow to the accountability and monitoring mechanism of the Indian financial system, and now the lack of action by the authorities must now be brought under the scanner.

Bharatiya Janata Party leader and Investors' Greivance Forum chief Kirit Somaiya has meanwhile filed a criminal complaint against Satyam and demanded that all transactions that have been conducted (after Raju admitted the fraud committed by him) must be reversed today (Friday, Jan 9) before 3 p.m. on the stock exchanges.

According to a reputed share broker of the Bombay Stock Exchange, "As many as 18 crore shares were sold at around Rs 60 to Rs 100 per share. Who sold these shares? Why did they sell those shares in bulk? These are important questions that need to be answered. It is imperative that not a single Satyam share traded on January 7 should be allowed to be sqaured off until authorities -- like Sebi -- find out the truth behind the desperate selling bout. Even after receiving the letter why was Sebi and the BSE sleeping over the issue?"

He said small investors must be saved by stopping the payment (against the shares sold on January 7). "It is the common man who bought these shares from mutual funds and big sellers. If the BSE stops the payment right now it will not affect the financial standing of the fund managers too much, but small investors' money will be saved."

The demand to reverse all the trades that happened in te Satyam share on January 7 has thus gained ground.

Satyam share price in January 2008 was Rs 541. In January 2009, it was around Rs 188. Since the share was available cheap many small investors bought Satyam even on January 7. The price of the share on January 9 had fallen to Rs 11.50 on the BSE and Rs 6.50 of te NSE in early trade.

Attached here is the list of all the mutual funds/banks who offloaded huge amount of shares in December 2008 and on January 7, 2009. Somaiya pointed out that this 'suspicious selling of Satyam shares needs be urgently inquired into.

A group of BSE brokers want the management of the BSE and other exchanges to stop the payment of Satyam shares that were traded on Friday. The deadline for the payment is at 3 pm today.

[eula]

Raju likely to be arrested... soon

January 09, 2009 12:39 IST

Two days after the startling disclosure of a massive corporate fraud at Satyam [Get Quote] Computer, the Hyderabad police are likely to swing into action on Friday and arrest Ramalinga Raju, who has resigned as the chairman of the company.

The action by the law enforcement authorities in Hyderabad is likely to be suo motu as it has not received any formal complaint so far, the police sources said.

* The Satyam fiasco: Complete coverage

The authorities have been witnessing significant pressure over the issue and this might be the reason for their expected move towards arresting Raju, the sources said.

On Wednesday, Ramalinga Raju admitted major financial irregularities to the tune of about Rs 7,800 crore (Rs 78 billion) at the company before resigning.

Raju also said that he was ready to face the consequences and was subjecting himself to the law of the land.

The same day, the company's CEO and managing director Rama Raju -- brother of Ramalinga Raju -- also resigned, while the next day its chief financial officer quit the company.

With the company and its 53,000 employees left with an uncertain future, Andhra Pradesh Chief Minister Y S R Reddy has written to Prime Minister Manmohan Singh urging the Centre to set up a committee to manage the company's affairs.

On Thursday, a team of market regulator Sebi (Securities and Exchange Board of India) officials reached Hyderabad in connection with a probe announced a day before on the company and its dealings in stocks.

[eula]

Last traded 21.35 *
Change -18.60 (-46.56%)
Time 09 Jan, 13:06
Volume 55891716

[tgs1717]

Ist mit Sicherheit nicht tot. Ist einer der größten IT-Dienstleister Indiens. Die Bilanzen wurden gefälscht - so wie es aussieht wurden aber nur die Vermögenswerte falsch angegeben. Der Laden ist nicht hoffnungslos überschuldet, soweit ist nach dem jetzigen Kenntnisstand der Betrug nicht gegangen. Auch muss eine akutes Finanzloch relativ schnell geschlossen werden. Allerdings handelt es sich um ein gutes Unternehmen mit "echten" Produkten und hochkarätigen Kunden. Bei anderen Betrugsfällen war alles falsch, hier sind es "nur" ein paar Zahlen. Klar, Satyam muss komplett durchleuchtet und auf den Kopf gestellt werden. Und wahrscheinlich gibt es massive Einschnitte. Dennoch ist das Unternehmen mit 53.000 Mitarbeitern solide, mit einem guten Kundenstamm und ordentlichen Mitarbeitern. Das Unternehmen wird mit Sicherheit überleben und eventuell gestärkt aus der Krise hervorgehen. Und damit auch der Aktienkurs.

[eula]

Scandal-hit Satyam 'still committed' to Qatar growth

by Andy Sambidge on Friday, 09 January 2009

India's IT giant Satyam Computer Services has announced that it is still going ahead with expansion plans in Qatar despite being at the centre of a financial scandal.

The company's proposal to establish a 100 percent owned entity in Qatar was still on track, Virender Aggarwal, Satyam head (Asia Pacific, Middle East, India & Africa) said.

"Satyam as an organisation remained committed to customers in Qatar," he added in comments published by Qatar daily Gulf Times on Friday.

Satyam Computer Services has already received the first clearance from the Qatar government for branch operations in the country, Aggarwal added.

His comments come as Satyam's interim chief executive Ram Mynampati said he and senior colleagues were shocked at disclosures made by founder-chairman B. Ramalinga Raju that company accounts and assets had been falsified and profits inflated.

Satyam shares slumped more than 70 percent in opening trade on Friday, as investors dumped the stock on fears over the company's future.

But Aggarwal told the paper: “Qatar is an important market for Satyam. It also provides transformational services and solutions to our customers."

Satyam’s plan is to set up its branch office at Doha’s West Bay. It has been providing consulting, systems integration and outsourcing solutions to some Qatari companies for a year now.

More than 100 Satyam consultants are currently based in Qatar and it has a “strong order book” in the country.

“We want to build on that. My feeling is that Qatar also looks for more commitment from large vendors like us in terms of local structure and operations rather than doing everything from abroad,” Aggarwal added.

He said the company’s revenue in the Middle East region had increased three-fold in six months up to September but did not give further details.
http://www.arabianbusiness.com/543103-scandal-hit-satyam-sti…

[fortuna924]

hat einer bitte den Umrechnungskurs ?

[eula]

Friday, January 09, 2009
Breaking News: Satyam withdraws disparagement suit against Upaid

This update wasn't entirely unexpected, given the present circumstances: Satyam filed a motion of Non-Suit against Upaid in its business disparagement case in the Collins County court in Texas some hours ago. In simpler terms, Satyam has withdrawn its suit against Upaid, who were the principal defendants in this case.

Recall that I had reported on the disparagement suit twist a few weeks ago here, which had become public after the Maytas deal. At that point in time, Upaid had alleged that the Maytas non-deal negatively affected Satyam's ethics and reputation, especially since it followed soon after the World Bank scandal. The defendants had also alleged that "In filing this suit for business disparagement, Satyam has put its reputation in the business community squarely at issue."

The disparagement suit against Raghuram Govindacharyula, former Satyamite, who was also an active party in the IP infringement/fraud suit that Upaid had filed against Satyam, remains status quo.

As far as I know, there are no changes in the IP-related fraud case, which this blog has been following since January 2008, which will be heard as per schedule, on June 1, 2009, in a Texan federal court.

I am aware that this story may be drifting away from the focus of the blog, but given its tangential association with the IP-related case that has been followed here, and the dramatic revelations that have been advertised over the past few days, I felt it may be in public interest to bring this piece of news to the notice of readers.

There is not too much speculation to do in this story, I feel: Satyam's management (old and new) has probably decided that it is not intelligent to pursue a case such as this, in view of the external circumstances, and perhaps marks the beginning of a change in managerial strategy to deal with problems that lie within the company. Admittedly, this may not be a dramatic indicator of where things are headed, but to me, it demonstrates that Satyam may be taking a realistic approach to its troubles. There are a billion different people commenting on Satyam's future, but I shall not hesitate to add my two cents to the pile. Having tracked this story thus far, it wouldn't be too forward of me to suggest that it is in the interest of all stakeholders of the company, the IT development and outsourcing industry and the country, that the organisation stabilise itself, at least to a functional extent. There may be too much at stake to abandon everything at this stage.

At the same time, when commentators argue that this is a one-off case, I would think twice about it - the Satyam story, including the IP-related case developments which will be reported as and when, has brought with it a dossier of corporate governance lessons to be learnt: openness and transparency in dealings being the most important of them all.

Posted by Sumathi Chandrashekaran at 12:20 PM

http://spicyipindia.blogspot.com/2009/01/breaking-news-satya…

[Latinl]

wie war das mit der mrd, alles luftbuchungen

Wirtschaftsnews - von heute 07:46

Skandal: Satyam Aktie im freien Fall

Mumbai 09.01.2009 (www.emfis.com) Die Aktie des indischen Softwareherstellers Satyam befindet sich im freien Fall. Allein in den letzten zwei Handelssitzungen hat die Aktie um 90 Prozent Wert verloren. Nach dem Bilanzierungsskandal, an dem rund eine Milliarden US Dollar Wert einfach erfunden wurde, hat nun Gerüchten zufolge die Citigroup 30 Konten der Satyam eingefroren, um rund 70 Millionen US Dollar zu sichern.

Die Aktie halbiert sich im heutigen Handelstag
http://www.emfis.de/global/global/nachrichten/beitrag/id/Ska…

[Latinl]

KZ Strong Insolvenz

[eula]

noch immer kein handel in D..

[Latinl]

Antwort auf Beitrag Nr.: 36.338.183 von eula am 09.01.09 09:06:32

tradegate schon

[eula]

Satyam fraud - The Key persons are involved

By admin on January 9th, 2009

The scandal at Satyam Computer Services Ltd (NYSE:SAY) ( ironically, Satyam means ‘Truth’) has put under the scanner the role of the auditors at Satyam- PricewaterhouseCoopers or PwC.

The New York Stock Exchange-listed Satyam’s strenght lies in Enterprise Application Services like SAP, Oracle etc. Satyam had a BPO which was initially named Nipuna.

Some of the key Executives of Satyam ( according to icicidirect website) are
Mr. Vijay Rangineni, Chief Operating Officer
Mr. G Jayaraman, Co.Secretary & Compl. Officer
Mr. V Srinivas, Sr. Vice President & CFO

Company Secretary -Mr. G Jayaraman

The auditor who signed the audit report was Srinivas Talluri, Partner, Price Waterhouse, Membership No. 29864

ICAI will seek an immediate explanation from Satyam Computer’s auditors, PriceWaterHouse Cooper (PwC), on the financial fraud unearthed by the software company’s chairman B Ramalinga Raju, before taking any action.
“ICAI will write a letter to PwC on 8 January and will seek an immediate reply on the issue and inform them about the process of investigation, which is on,” ICAI president Ved Jain told PTI.

The Registered office of Satyam COmputer Services Ltd is Mayfair Centre, Floor I, 1-8-303/36, Secunderabad - 500003 Andhra Pradesh, India.

The following is the text of outgoing Satyam Computer Services Limited Chairman B Ramalinga Raju’s letter to the Board who resigned after admitting to the fraud at Satyam.

To the Board of Directors,Satyam Computer Services Ltd.Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:
The Balance Sheet carries as of September 30, 2008
Inflated (non-existent) cash and bank balances of Rs.5,040 crore (as against Rs. 5361 crore reflected in the books)
An accrued interest of Rs. 376 crore which is non-existent
An understated liability of Rs. 1,230 crore on account of funds arranged by me
An over stated debtors position of Rs. 490 crore (as against Rs. 2651 [cr.] reflected in the books)
For the September quarter (02) we reported a revenue of Rs.2,700 crore and an operating margin of Rs. 649 crore (24% Of revenues) as against the actual revenues of Rs. 2,112 crore and an actual operating margin of Rs. 61 Crore ( 3% of revenues). This has resulted in artificial, cash and bank balances going up by Rs. 588 crore in Q2 alone.
The gap in the Balance Sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance). What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew significantly (annualized revenue run rate of Rs. 11,276 crore in the September quarter, 2008 and official reserves of Rs. 8,392 crore). The differential in the real profits and the one reflected in the books was further accentuated by the fact that the company had to carry additional resources and assets to justify higher level of operations — thereby significantly increasing the costs.
Every attempt made to eliminate the gap failed. As the promoters held a small percentage of equity, the concern was that poor performance would result in a take-over; thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten.
The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones. Maytas’ investors were convinced that this is a good divestment opportunity and a strategic fit. Once Satyam’s problem was solved, it was hoped that Maytas’ payments can be delayed. But that was not to be. What followed in the last several days is common knowledge.
I would like the Board to know:
1. That neither myself, nor the Managing Director (including our spouses) sold any shares in the last eight years — excepting for a small proportion declared and sold for philanthropic purposes.
2. That in the last two years a net amount of Rs. 1,230 crore was arranged to Satyam (not reflected in the books of Satyam) to keep the operations going by resorting to pledging all the promoter shares and raising funds from known sources by giving all kinds of assurances (Statement enclosed, only to the members of the board). Significant dividend payments, acquisitions, capital expenditure to provide for growth did not help matters. Every attempt was made to keep the wheel moving and to ensure prompt payment of salaries to the associates. The last straw was the selling of most of the pledged share by the lenders on account of margin triggers.
3. That neither me, nor the Managing Director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results.
4. None of the board members, past or present, had any knowledge of the situation in which the company is placed. Even business leaders and senior executives in the company, such as, Ram Mynampati, Subu D, T.R. Anand, Keshab Panda, Virender Agarwal, A.S. Murthy, Han T, SV Krishnan, Vijay Prasad, Manish Mehta, Murali V. Sriram Papani, Kavale, Joe Lagioia, Ravindra Penumetsa, Jayaraman and Prabhakar Gupta are unaware of the real situation as against the books of accounts. None of my or Managing Director’s immediate or extended family members has any idea about these issues.
Having put these facts before you, I leave it to the wisdom of the board to take the matters forward. However, I am also taking the liberty to recommend the following steps:
1. A Task Force has been formed in the last few days to address the situation arising but of the failed Maytas acquisition attempt. This consists of some of the most accomplished leaders of Satyam; Subu D, T.R. Anand, Keshab Panda and Virender Agarwal , representing business functions; and A.S. Murthy, Han T and Murali V representing support functions. I suggest that Ram Mynampàti be made the Chairman of this Task Force to immediately address some of the operational matters on hand. Ram can also act as an interim CEO reporting to the board.
2. Merrill Lynch can be entrusted with the task of quickly exploring some Merger opportunities.
3. You may have a testatement of accounts’ prepared by the auditors in light of the facts that.I have placed before you.
I have promoted and have been associated with Satyam for well over twenty years now I have seen it grow from few people to 53,000 people, with 185 Fortune 500 companies as customers and operations in 66 countries. Satyam has established an excellent leadership and competency base at all levels. I sincerely apologize to all Satyamites and stakeholders, who have made Satyam a special organization, for the current situation. I am confident they will stand by the company in this hour of crisis.
In light of the above, I fervently appeal to the board to hold together to take some important steps Mr T R Prasad is well placed to mobilize support from the government at this crucial time. With the hope that members of the Task Force arid the financial advisor, Merrill Lynch (now Bank of America) will stand by the company at this crucial hour, I am marking copies of this statement to them as well.
Under the circumstances, I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My continuance is just to ensure enhancement of the board over the next several days or as early as possible.
I am now prepared to subject myself to the laws of the land and face consequences thereof.
(B. Ramalinga Raju) Copies marked to: 1. Chairman SEBI 2. Stock Exchanges
http://silverscorpio.com/satyam-fraud-the-key-persons-are-in…

[Latinl]

Antwort auf Beitrag Nr.: 36.338.193 von Latinl am 09.01.09 09:08:04

wird eh alles rückabgewicklet auf 1 cent

[eula]

Antwort auf Beitrag Nr.: 36.338.201 von eula am 09.01.09 09:08:50

[eula]

Ein indisches Informatik-Märchen entpuppt sich als Lügenstory
Von Oliver Meiler, Singapur. Aktualisiert um 07:07 Uhr


Der Inder Ramalinga Raju, Gründer und Chef der Softwarefirma Satyam, outet sich als Milliardenbetrüger und taucht ab.



Der tiefe Fall des Ramalinga R.: Einst war der Satyam-Chef ein Vorzeigeunternehmer (hier bei der Unterzeichnung eines Sponsoringvertrags für die WM 2010). Nun reiht er sich ein in die Riege der Finanzbetrüger.
Bild: Keystone

Fünf Seiten lang wurde der Brief des Ramalinga Raju, voll mit Selbstenthüllungen und -bezichtigungen. Der Brief könnte den guten Ruf der gesamten indischen Computerbranche erschüttern. Eine der Metaphern wird wohl in den Köpfen vieler Inder haften bleiben: «Es kam mir vor», schreibt Raju, «als reite ich auf einem Tiger, und ich fragte mich dauernd, wie ich absteigen kann, ohne gefressen zu werden.» Der Konzernchef von Satyam Computer Services, der Nummer 4 in Indiens Informatik-Branche, malt im Brief an den Verwaltungsrat und an die Mumbaier Börsenaufsicht von sich das Bild eines getriebenen Managers.

Von «tiefem Bedauern» ist die Rede und von einer «schrecklichen Bürde», die er endlich von seinen Schultern wuchte, um sich der Justiz zu stellen. Als die Polizei ihn verhaften wollte, war er aber schon weg, geflohen vor der Justiz. Es droht ihm eine lange Haftstrafe – und seinem Unternehmen der Untergang.

Bisher ein gefeierter Star

Ramalinga Raju, 54, bisher ein gefeierter Star unter den erfolgreichen indischen Softwareherstellern und Outsourcing-Anbietern, steht plötzlich als der grösste Betrüger in Indiens Wirtschaftsgeschichte da. Der Bauernsohn aus dem südindischen Bundesstaat Andhra Pradesh gibt zu, über mehrere Jahre hinweg die Bilanzen seines IT-Konzerns massiv gefälscht zu haben. Unlängst gaukelte er noch vor, seine an den Börsen von Mumbai und New York kotierte Firma Satyam (Sanskrit für «Wahrheit») verfüge über flüssige Mittel von mehr als 1 Milliarde Dollar. In Wahrheit waren es nur 66 Millionen. Raju gab systematisch zu hohe Umsatz- und Gewinnzahlen seiner Firma bekannt und gleichzeitig eine zu tiefe Verschuldung.

Der indische Industriellenverband gibt sich «zutiefst geschockt» und fordert ein ernsthaftes Überdenken der Kontrollmechanismen in den indischen Firmen und im indischen Markt allgemein. Es bestehe da dringender Handlungsbedarf. Rätselhaft scheint vielen Analysten, warum die Wirtschaftsprüfer von PriceWaterhouseCoopers (PWC), die seit vielen Jahren bei Satyam tätig sind und deren Buchhaltung kontrollieren, diesen recht simpel gestrickten Betrug nicht entdeckt haben. PWC wollte sich dazu nicht äussern.

Der Branche droht ein Imageverlust

Die Angst ist gross, dass der Fall Raju das Image der gesamten Branche in Mitleidenschaft ziehen könnte – also auch das Image von Satyams grossen indischen Rivalen, Tata Consultancy Services, Infosys Technologies und Wipro. Diese Firmen erfüllten das aufstrebende Schwellenland bisher immer mit Stolz. Sie galten als glamourös, ihr internationaler Erfolg hob sie ab vom Rest der eher staubigen, nach innen gewandten indischen Unternehmerwelt. Sie standen auch für die Innovationskraft des Subkontinents. In ihren Reihen stiegen die klugen und gebildeten Abgänger der indischen Eliteschulen auf und wurden vom Ausland umgarnt.

Der Betrüger war nie sehr auffällig, keiner, der mit seinem Erfolg geprahlt hatte. Im Gegenteil. Raju vergass nie, woher er stammte. In seinem Abdankungsbrief schreibt er, er habe nie einen persönlichen Nutzen gezogen aus dem Betrug. Jedenfalls keinen offensichtlichen. Eine indische Zeitung schreibt, in der Garage von Rajus recht bescheidenem Haus in Hyderabad habe es höchstens Platz für drei, vier Autos, nicht mehr.

In den USA ausgebildet

Sein Vater war in den 60er-Jahren in die Millionenstadt gezogen, um ein Textilgeschäft aufzubauen. Die Einkünfte reichten, um den Sohn nach Amerika zu schicken, wo sich dieser einen Master in Management erwarb. Rajus erste Versuche als Immobilienunternehmer scheiterten. 1987 startete er Satyam. Hyderabad sollte wegen ihm bald «Cyberabad» genannt werden, so schnell wuchs das Unternehmen. Man sagt Raju nach, er lese viel, vor allem die Werke von Popper und Marx. Bekannt wurde er aber auch wegen seiner philanthropischen Ader. Raju unterstützte Projekte zur Förderung der Bauern in Andhra Pradesh. 20 Millionen Dollar wendete er jährlich auf, um den Ärmsten Zugang zu sauberem Trinkwasser und zu sanitären Anlagen zu verschaffen. Er gründete einen Ambulanzdienst, der im ganzen Land gelobt wurde.

Doch in der Stunde des Falls werden auch bisher tabuisierte, unschöne Eigenschaften publik. So soll Raju die wichtigen Posten immer nur an Familienmitglieder vergeben haben – wohl auch um sicherzustellen, dass der Bluff nicht aufflog. Er soll Kandidaten nach der Zugehörigkeit zu bestimmten Kasten ausgesucht haben, nicht deren Leistung wegen. Leute, die seine Sprache, das Telugu, nicht sprachen, hatten kaum Aufstiegschancen.

Die Auszeichnungen muss er wieder abgeben

Nun nehmen sie Ramalinga Raju die vielen Auszeichnungen wieder weg, die er in den vergangenen Jahren erhalten hat. So auch den Goldenen Pfau (den Golden Peacock Global Award), eine Ehrung, die ihm 2008 verliehen worden war – für ausserordentliche Verdienste in der Unternehmensführung.

http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konju…

[tgs1717]

In Frankfurt immer noch ausgesetzt!

[eula]

Friday, January 09, 2009
No poaching from Satyam: Infy
ET: Infy not to hire Satyam employees:

“We have asked our recruitment staff not to poach anybody from Satyam. The company is in the middle of a crisis and people will jump ship,” Infosys Technologies HR, education & research and administration director TV Mohandas Pai told ET. On Wednesday, Infosys had ruled out any possibility of taking over Satyam. “We will not touch such a tainted company,” Infosys founder and non-executive chairman N R Narayana Murthy had said.

You don't want the company, understandable. You don't want the employees? What kind of stupid logic is that?

The idea that by not hiring them will make the employees stick to Satyam is silly. If they want to leave, there's not much Infy can do to influence that choice. And if the industry gangs up against Satyam employees, won't it be a shame?

Those employees that couldn't have participated in the scam are free to go where they choose. By denying them a job, Infy is only shooting itself in the foot. The best of the Satyam stock will go to other companies, and there are indeed some excellent people in there.

Tomorrow there will be no Satyam. But there will be a memory of how Infy became an asshole. Those employees will remember.

But it might just be that Infy has no place for more employees anyhow. These are bad times, but it's inexcusable to make silly statements like we wont hire from Satyam. You will, you always have, and not doing so jeopardises only you. Loyalty cannot be forced on anyone. Infy will be wise to understand that early.

Update: Since Infy mentioned "poach" versus "hire", I must apologise for the heavy remark. Yet, having been in the circles, I know there is hardly a line between "poach" and "hire" - if you get a resume from a recruiter, does it amount to poaching? How do you know the recruiter - who gets one month's income as compensation - did not approach the employee first? How can you prove you didn't poach? The obvious answer: you cannot. Even if you ask the employee he'll say no, I didn't get poached; he wants the Infy job. So what happens? If the dictat is rigid, Infy HR will not hire anyone from Satyam. If it's not rigid then this is all false posturing anyhow. Either ways it does Infy no good.

Labels: Infosys, Satyam

http://blog.investraction.com/2009/01/et-infy-not-to-hire-sa…

[eula]

Last traded 21.10 *
Change -18.85 (-47.18%)
Time 09 Jan, 13:52
Volume 60644466
Prev Close 39.95
Day's H/L (Rs) 32.00 - 11.50
Mkt Cap (Rs Cr) 1414.76
52wk H/L (Rs) 544.00 - 30.70

[Klee77]

Antwort auf Beitrag Nr.: 36.338.402 von eula am 09.01.09 09:29:56

Bis um welche Uhrzeit ist dort die Börse geöffnet?

[eula]

Antwort auf Beitrag Nr.: 36.338.428 von Klee77 am 09.01.09 09:33:10

16:00 Uhr indische zeit
15.00 Uhr D zeit glaube..

[Wirhabendochkeinezeit]

Antwort auf Beitrag Nr.: 36.338.474 von eula am 09.01.09 09:38:00

die sind mind. 4 Stunden vor, nicht eine Stunde

[eula]

Antwort auf Beitrag Nr.: 36.338.474 von eula am 09.01.09 09:38:00

Falsch..

Uhrzeit: Indien ist uns 4 Stunden und 30 Minuten voraus:

also..

16:00 Uhr indische zeit
11.30 Uhr D zeit

[eula]

Last traded 21.15 *
Change -18.80 (-47.06%)
Time 09 Jan, 14:09
Volume 61789013

[Sheep_2001]

Antwort auf Beitrag Nr.: 36.338.506 von Wirhabendochkeinezeit am 09.01.09 09:41:33

Bis 11.30 oder 12.30 Uhr unserer Zeit..

[eula]

Antwort auf Beitrag Nr.: 36.338.530 von eula am 09.01.09 09:43:42

Hier finden Sie die aktuelle Uhrzeit und Datum in Indien und viele weitere Infos rund um Indien.

http://www.zeitzonen.de/indien.html

[Klee77]

Antwort auf Beitrag Nr.: 36.338.577 von eula am 09.01.09 09:48:24

Danke!

[Sheep_2001]

Reuters.com

SCENARIOS: What may come from Satyam board meeting
Fri Jan 9, 2009 3:55am EST Email | Print | Share| Reprints | Single Page[-] Text [+]
By Sumeet Chatterjee

HYDERABAD, India (Reuters) - The stand-in chief of Satyam Computer Services (SATY.BO) says the Indian outsourcing company faces a crisis of unimaginable proportions after it was revealed that profits had been falsely inflated for years.

Satyam's board meets on Saturday to consider various options to tackle the crisis.

It is not clear if chairman and founder Ramalinga Raju, who disclosed the fraud in a resignation letter on Wednesday, or his brother B. Rama Raju, Satyam's managing director, who also resigned, will be at the meeting.

That would leave just three men -- interim CEO Ram Mynampati and two independent directors. Four other directors have quit recently.

Following are some possible outcomes from the board meeting.

STRENGTHENING BOARD, TOP MANAGEMENT

Four independent directors have resigned from Satyam's board after a botched attempt by the company, also listed in New York, to buy two infrastructure firms in which management held stakes. Raju said he would continue as chairman until the board had been strengthened. Satyam is seeking board candidates from among regulatory bodies and industry associations. What's left of the board must decide what to do with the chief financial officer, who has also tendered his resignation. It may appoint Mynampati as CEO, or announce a search for a new chief to restore lost credibility. "The key to such survival is the level of confidence new management can inspire in customers as well as employees," Macquarie Research said in a research note.

LIQUIDITY

Mynampati said on Thursday the Hyderabad-based outsourcer's liquidity situation was "not very encouraging now." Satyam needs to explore options to improve liquidity so it can pay its 53,000 staff around the world and continue operating. Raju said about $1 billion, or 94 percent of the cash and bank balances on Satyam's books at end-September did not exist. The board may hire a new investment bank to explore strategic alternatives for the company. Merrill Lynch MER.N, brought in as adviser last month, walked away this week, saying it found material accounting irregularities.

GETTING INVESTOR ON BOARD

The board is expected to approve a proposal to look at bringing a strategic or financial investor into the company, but analysts say there is little prospect of Satyam being taken over in the near future given the scope of the scandal and potential for big legal losses. ABN AMRO analysts have said Satyam's cash position is "precarious."

APPOINTING AUDIT COMPANY

The board may appoint an independent audit company to look into Raju's disclosure of financial fraud and to establish the company's cash position and bank balances. Mynampati said he was shocked by what Raju had revealed, saying he and the board relied on audited results. Auditor PricewaterhouseCoopers PWC.UL said its audit was carried out in accordance with standards and it would cooperate with regulators. The board may set a date to announce October-December quarter results, although Mynampati has admitted that previous forecasts have become irrelevant. Local market rules stipulate the quarterly numbers should be released by end-January.

(Editing by Ian Geoghegan)

[eula]

Interim Satyam CEO Speaks - Business & Tech - Asia Pacific - Video ...

http://www.mediascrape.com/News/ViewNewsItem.aspx?rootVideoP…

[eula]

Raju, still a good Samaritan in his village

January 09, 2009 14:15 IST
For the whole world B Ramalinga Raju may be a villain, after the startling revelation of fraud in the company he founded, but for residents of his native village in West Godavari district, he is still a good Samaritan.

The non-descript village, Garagaparru, shot into the limelight with Satyam [Get Quote] Computer growing to become the fourth largest IT firm in the country.

The villagers hail the development works undertaken by the Byrraju Foundation, the charitable arm of Satyam, and consider Raju as a good man.

"He has done many development works in this region. We hope he will tide over the present crisis," Rama Raju, a villager said.

[eula]

Halting trade in Satyam, a tough call: Kotak

January 09, 2009 14:03 IST
Kotak Mahindra Group MD Uday Kotak on Friday said it will be tough for stock exchanges to decide whether to stop trading in the Satyam [Get Quote] scrip, which has fallen by over 95 per cent in a matter of two days' trading on the NSE.

"It is a pretty tough judgment to say whether you stop trading or not ... These are path-breaking events ... in a way, events which Indian capital markets had not seen till now," Kotak told reporters on the sidelines of a CII function.

Against stopping the trading there is an argument that all the information should be provided to investors and they make the best judgment whether to trade, he said.

"(An) argument could be the moment you stop trading, you run the risk of illiquidity...Here at least that there could be a different kind of bets being taken by investors...," he said.

Demand to reverse all Satyam share deals of Jan 7

Kotak said nobody really knows what is going on inside the company. "I am sure regulators are focused on it and will come out of the situation pretty quickly," he added.

Trading in Satyam Computer ADRs was halted on the NYSE on January seven after the scrip fell by over 90 per cent in pre-trading.

In India, the trading has not been halted, even though the scrip fell from as high as Rs 188.70 before the announcement of financial wrong-doing by Satyam Computer's founder chairman B Ramalinga Raju, to Rs 39.95 on January 7.

The Satyam fiasco: Complete Coverage

Today, the scrip fell as low as Rs 11 and is now ruling at Rs 21.60 on the BSE. On the NSE, it fell to the sub-face value at Rs 6 during intra-day trading today.

Circuit filters did not come into operation as Satyam was a bluechip scrip and on Thursday it was taken out of the Sensex.

[eula]

Don't poach Satyam staff: Nasscom tells recruitment team

January 09, 2009 13:59 IST

Expressing solidarity with the new management team of the Satyam [Get Quote], IT industry body National Association of Software and Service Companies said on Friday it has asked its recruitment team not to poach anybody from Satyam.

"As of now, the priority of Nasscom is business continuity. The company is in the middle of a crisis. All the employees have been working on projects. To continue the projects they need people," a top Nasscom official said.

For Nasscom the priority now is to see that business continues for Satyam.

"We will ensure that customers and other stakeholders get the right perspective. We will also work with the Satyam Task Force to reach out to their customers and employees and guide them through the transition," Nasscom chairman Ganesh Natarajan has said.

Earlier, Infosys [Get Quote] had made it clear that to refrain from hiring employees of Satyam Computer Services.

Though the new Satyam management team headed by the interim CEO Ram Mynampati on Thursday tried to soothe over 50,000 nervous employees by saying that the salaries for December has been taken care of, the worried workforce is busy looking at avenues elsewhere.
The employees are busy posting their resumes on job portals.

"In a middle of a crisis of this magnitude, people usually jump ship. Rival firms usually look at cherry-picking staff," an analyst said.

Though no news of layoffs has come from the company yet, with questions on its cash position and a minimum outgo on salary estimated at Rs 500 crore (Rs 5 billion) a month, Satyam may lay off over 10,000 employees next month, says a recruitment firm.

"It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries. The current fiasco is likely to put pressure on salaries, which may be reduced by 10 per cent due to the surplus of about 20,000 people in the jobs market," Headhunters India CEO Kris Lakshmikanth had said.

The IT-BPO union Unites Professionals had said that if there is a layoff they will step in.
Unites general secretary Karthik Shekhar had said, "In case of any lay off at Satyam, our legal team will look into the matter."

[eula]

Satyam CFO Attempts Suicide

Srinivas Vadlamani, the chief financial officer of Satyam, who is also allegedly involved in the IT company’s financial fraud, attempted suicide early this morning.



Disgraced former Satyam chairman Ramalinga Raju in his letter of resignation to Securities and Exchange Board of India (Sebi) and the company’s board of directors admitting fraud, had not absolved the CFO.

Vadlamani’s name is the only significant one missing from Raju's list of those who were ‘unaware of the real situation’ and the IT company’s wrong-doings.

Interim CEO Ram Mynampati in a press conference on Thursday said that Vadlamani had put in his papers. The decision on his resignation is to be taken in board’s meeting on January 10.

The CFO has been absconding from his home in downtown Malkajgiri for the last two days. He is said to have attempted suicide in the house of some relative in Ameerpet area, sources said.

Confirmation from the police about the incident is still awaited.

http://www.india.com/news/india/satyam_cfo_attempts_suicide_…

[eula]

Last traded 22.25 *
Change -17.70 (-44.31%)
Time 09 Jan, 14:50
Volume 65942830

[Sheep_2001]

24.3 -15.65 (-39.17%)

Jetzt wollen se alle noch rein

[eula]

Last traded 23.60 *
Change -16.35 (-40.93%)
Time 09 Jan, 14:58
Volume 69176148

[Sheep_2001]

Ramalang Ding Dong:

24.6 -15.35 (-38.42%)

[tgs1717]

Ob und wann in Frankfurt wieder gehandelt wird, hängt von New York ab. Erst wenn der Handel dort wieder aufgenommen wird, gehts auch bei uns weiter. Vielleicht ist aber ganz gut das bis Montag nichts gemacht werden kann. Am Samstag kommt der Verwaltungsrat von Satyam zusammen um über das weitere Vorgehen zu beraten. Am Montag wird es zu einer Gegenbewegung der Aktie kommen. Kleinste Spekulationen über eine Finanzpritze, Einstieg oder Teilübernahme wird den Wert nach oben schiessen lassen. Aktie ist völlig ausgebombt und eine Riesennummer in Indien.

[Sheep_2001]

Ich vermute hier in den letzten 30 Handelsminuten einen kleinen Shortsheeze

[eula]

CB-CID is probing Satyam fiasco

January 09, 2009 14:58 IST
Andhra Pradesh Chief Minister Y S Rajasekhara Reddy on Friday said the CB-CID is independently probing the financial fraud in Satyam [Get Quote] Computer, as it appeared likely that its founder Ramalinga Raju would be arrested.

The CB-CID has been asked to probe the fraud disclosed by Satyam founder Ramalinga Raju and they are looking into the matter, Reddy told reporters on the sidelines of second day of seventh edition of Pravasi Bharatiya Divas in Chennai.

Police sources said in Hyderabad that pressure was mounting for suo motu action, although they have not received any formal complaint so far.

If whether the state government was looking to withdraw projects awarded to Raju's family promoted firm Maytas Infra, Reddy said, "We are valuating it as everything happened in the last two days".

[eula]

Govt seizes Satyam documents

January 09, 2009 14:57 IST

A team of government officials investigating the Rs 7,800-crore (Rs 78 billion) Satyam [Get Quote] fraud seized the documents from the premises of the company and its record office in Hyderabad.

"The procedure of seizure was on till five in the morning," corporate affairs minister Prem Chand Gupta told reporters on Friday.

The government, he said, has also rushed an eight-member team to Hyderabad to investigate the accounts of eight subsidiary companies of IT major Satyam Computer Services, whose founder B Ramalinga Raju admitted doctoring the accounts and presenting a false picture and resigned as chairman on Wednesday.

The eight companies, against which the ministry of corporate affairs has ordered inspection on Thursday, include Maytas Properties and Maytas Infrastructure.

Following the disclosure, the MCA has asked the Registrar of Companies, Hyderabad to investigate the company, while market regulator Sebi also ordered a probe.

"After obtaining judicial order from the magistrate in Hyderabad, the Registrar of Companies, in coordination with market regulator Securities and Exchange Board of India, went to the office of Satyam and seized the documents from its premises and the record office of the company," Gupta said.

The minister had earlier said that the matter would be referred to the Serious Fraud Investigation Office, a wing of the government that investigates grave corporate offenses.

[Sheep_2001]

SATYAM COMP 24.35 -15.60 (-39.05%)

Geht los..

[eula]

Last traded 22.90 *
Change -17.05 (-42.68%)
Time 09 Jan, 15:31
Volume 81680168

[eula]

[eula]

[eula]

[eula]

Satyam Google Trend
http://www.pluggd.in/indian-it-industry/satyam-keyword-3514/" target="_blank" rel="nofollow ugc noopener">
http://www.pluggd.in/indian-it-industry/satyam-keyword-3514/

Did you notice one of the rising keyword - Satyam CEO Suicide - speaks of what we look forward to? (the latest news is that Satyam CFO Srinivas Vadlamani attempted suicide (source)).

We just hope that the issue is resolved at the earliest and the concerned parties are brought to the table. Most importantly, this is a wake-up call to MCA (Ministry of Corporate Affairs) which needs to work on reinforcement of laws (and not creating new ones).

For instance, role of rating agencies - both ICICI and LIC hold about 6.81% in Satyam Computer and rated it as ‘AAA’, despite all that was made public on January 7 - is IRDA going to question these two companies?

The issue needs to be examined from corporate affair standpoint and most importantly, the accountability of each and every entity in the deal (including the political nexus of Maytas).

Will the govt. go beyond the obvious details? We do hope so.

[Sheep_2001]

Ende des Handels oder? Sieht so aus.

SK SATYAM COMP 23.85 -16.10 (-40.30%)

[eula]

Rivals woo Satyam clients, staff: Forrester

January 09, 2009 15:11 IST

Over half a dozen rivals of the tainted IT firm Satyam [Get Quote] Computer have started exploring ways to take over the business from its various clients, a global technology consultancy firm said on Friday.

Satyam is likely to see its clients as well as employees deserting it soon due to the competitive wooing by rivals and top IT firms like Infosys [Get Quote] would continue to shore up their market share, analysts at Forrester Research said in a report.

"Large and small clients alike will look to other suppliers they already work with as an immediate fallback position as the confusion continues. More than half a dozen providers have already called Forrester to discuss competitive strategies for taking over business in joint accounts," it added.

* Don't poach Satyam staff: Nasscom

[eula]

Despite Satyam, foreign investors to stay in India
Fri Jan 9, 2009 4:23am EST

By Narayanan Somasundaram

MUMBAI, Jan 9 (Reuters) - Foreign investors are unlikely to shun India in the wake of a fraud scandal at Satyam Computer Services (SATY.BO), with fund managers saying such events were not unique to the country and long-term prospects were good.

A dramatic slide in Satyam shares -- down nearly 80 percent on Wednesday and 46 percent on Friday -- have dragged down the broader market, and some fund managers reckon this makes stocks more attractive.

"It's a company-specific problem. You will find accounting irregularities anywhere in the world. It's a buying opportunity for India after it has been sold down," Adrian Mowat, JPMorgan's emerging market and Asia equity strategist, said in Hong Kong.

"It's a scandal, (but) it doesn't change the growth prospects of India. Let's face it, we've seen a lot of accounting scandals in the U.S."

India's benchmark index .BSESN has fallen almost a tenth since Satyam's founder and chairman Ramalinga Raju resigned on Wednesday in India's biggest corporate scandal, saying about $1 billion or 94 percent of the company's cash and bank balance did not exist and profits had been overstated.

For full Satyam coverage, click [ID:nBOM394323].

NOT TIME TO PANIC

Foreign funds were key to a bull run that saw India's market rise six-fold in 2003-07. The benchmark index fell 54 percent in 2008, its worst year ever, after foreign funds withdrew more than $13 billion.

In a Jan. 8 note, Macquarie Research raised India to overweight from neutral as the country was trading at a discount to Asia ex-Japan.

"... with earnings expectations slashed, and a tremendous amount of monetary stimulus in the pipeline, the case for India has improved dramatically recently," wrote analysts Daniel McCormack and Tim Rocks.

To combat slowing economic growth, the central bank has slashed lending rates, and the government has announced additional spending.

Some investors in Europe said they would maintain their Indian investment policy unless it became clear that there was a widespread problem of malfeasance among Indian companies. [ID:nL7539337]

"We don't think it's the time to panic. Long-term investors should continue to prefer companies with good corporate governance records," Credit Suisse said in a research note, pointing to firms such as Infosys (INFY.BO), Bharti Airtel (BRTI.BO) and Housing Development Finance Corp (HDFC.BO).

Quick action by the regulator and better corporate governance norms would play a large role in supporting sentiment.

The Securities and Exchange Board of India, the market regulator, has already started an investigation into Satyam and the government has promised action to prevent other frauds. Continued...

http://www.reuters.com/article/rbssTechMediaTelecomNews/idUS…

[eula]

Antwort auf Beitrag Nr.: 36.339.491 von Sheep_2001 am 09.01.09 11:15:32

schaut so aus

Last traded 23.85 *
Change -16.10 (-40.30%)
Time 09 Jan, 15:53
Volume 81949738

[eula]

Satyam fiasco: CID begins probe

January 09, 2009 15:51 IST

The criminal investigation department of the Andhra Pradesh Police has launched investigation into the Satyam [Get Quote] Computer scandal after the state government finally gave the go-ahead on Friday.

Director general of police S S P Yadav will personally supervise the investigation, highly-placed police sources told PTI.

The DGP held a meeting with CID additional director general A Sivanarayana, inspector general (economic offences wing) VSK Kaumudi and other senior officials and reviewed the Satyam case.

Thereafter, the DGP discussed the case with state chief secretary P Ramakanth Reddy and reportedly sought directions on proceeding against Satyam ex-chairman B Ramalinga Raju.

Emerging out of the meeting with the chief secretary, the DGP declined to comment.

"Whatever you ask, I shall not speak anything," was his curt reply.

Meanwhile, police sources said there was no likelihood of the arrest of Ramalinga Raju.

"His so-called confessional statement written to the Securities and Exchange Board of India cannot form an evidence. It doesn't stand legal scrutiny," a top official said.

Unless the Sebi completed its investigations and filed a complaint, the police could not act on their own, the official added.

[eula]

SEBI team finds Raju's house locked

January 09, 2009 15:37 IST
A Securities and Exchange Board of India (SEBI) team probing a financial fraud in Satyam [Get Quote] Computer on Friday reached founder Ramaling Raju's house here, but returned as the premises was locked.

Sources said the team, was also expected to go to Satyam headquarters again, and a notice has been issued from SEBI's Mumbai office asking Raju to appear before it.

The SEBI team had first gone to Satyam office in Hyderabad on Thursday in connection with a probe ordered by the market regulator on Wednesday.

The probe follows Satyam's founder and chairman Ramalinga Raju disclosing on Wednesday financial irregularities to the tune of about Rs 7,800 crore (Rs 78 billion) at the company, after which he resigned.

There have been speculations about the whereabouts of Raju, but his lawyer on Thursday said that Satyam founder was very much in Hyderabad. There are also speculations that Raju might be at a guesthouse on the outskirts of the city.

[eula]

L&T shares fall on Satyam holdings
Reuters
Posted: 2009-01-09 14:59:53+05:30 IST
Updated: Jan 09, 2009 at 1459 hrs IST


L&T shares fall on Satyam holdingsL&T not to buy, sell Satyam shares: ChairmanL&T not to buy, sell Satyam shares: ChairmanBHEL sees 25-30 pct growth in FY09: MD

Mumbai: Larsen & Toubro has no plans to buy more shares in Satyam nor sell a 3.95 per cent stake it bought earlier this month, its chairman said, sending its shares down as much as 14.8 per cent.

"We have no intention of buying or selling at this point in time," A.M. Naik said on a television channel.

His comments came after shares in Satyam Computer Services slumped more than 70 per cent early on Friday when trading resumed after a holiday, following an almost 80 per cent plunge on Wednesday after the chairman of the outsourcer said profits had been overstated for years.

Naik said Larsen, which has a small outsourcing unit, had bought the holding in the hope of forming a strategic alliance.

"When we invested our idea was to strike some sort of go-to-market strategy, some sort of strategic alliance if it was possible," he said.

Satyam shares had been under pressure since mid-December after a botched attempt to buy stakes in two construction firms in which the outsourcers' founders held stakes and after a World Bank decision to bar the company from any of its business.

Larsen shares were trading down 8 per cent at 713 rupees at 0911 GMT, after falling as low as 661.1 rupees, while Satyam was down 45.4 per cent at 21.80 off a low of 11.50 rupees. The main BSE index was down 2 per cent.

Naik said it was premature to write off the Satyam investment, which was acquired in the first week of January.

"I think it is just a speculation today to say it's a loss because the company has a good residual value," he said, without disclosing how much Larsen had paid for the stake.

With regulatory authorities investigating the company's books following the shocking revelations, Naik said it would take some weeks for the real value of Satyam to emerge.

Naik would not rule out the possibility of an alliance if Larsen saw intrinsic value in Satyam after all the liabilities, including lawsuits, were factored in.

"All of us are in business to cooperate, to prosper together," Naik said. "So I cannot rule out any possibilities in the future."

[eula]

Satyam fiasco led stockbrokers panic selling shares
9 Jan 2009, 1422 hrs IST, ET Bureau

n the wake of Satyam fiasco, stockbrokers are panic selling the shares of the companies where PWC has been an auditor. The 102 companies where
PWC is the auditor has seen a steep fall in the price since Ramlingam Raju informed the SEBI about the fraud.

Since the Satyam accounting scam broke out, most companies audited by PWC are trading lower in the range of 5 and 15% on an average daily.

Said a stockbroker, "The credibility of the auditor is in question and there are strong rumours that other 10 to 15 companies might suffer Satyam's fate in near future. We do not want to take any risk and suffer losses so we are selling the stocks
of the companies audited by PWC."

If the market speculations are to be believed some of the companies are also planning to change their auditors due to this negative effect. However, as of now all the 102 companies which also include names like HCL Technologies and Reliance Power are seeing fall in their prices. That too more than the average fall in the market.

Top PWC clients like HCL Technologies (down 3.6% at Rs 106.25), Reliance Power (down over 5% at Rs 107), Bayer Cropscience (down over 6% at Rs 211), Gokaldas Export (down over 3% at Rs 82) and Marico Ltd (down over 4% at Rs 53.55) have been witnessing severe selling by investors and traders (Current market price at 1.45 PM)

[eula]

!

Dieser Beitrag wurde moderiert.

[eula]

Satyam out of 'Dow Jones India Titans 30 Index'

anuary 09, 2009 16:34 IST
Dow Jones Indexes, a leading global index provider, has removed scandal-hit Satyam [Get Quote] Computer from its 'Dow Jones India Titans 30 Index' and replaced it by Axis Bank.

The replacement will come into effect from January 13. "Satyam Computer Services Ltd will be deleted from the 'Dow Jones India Titans 30 Index' and replaced by Axis Bank," a statement from Dow Jones Indexes said.

"Satyam Computer Services Ltd is being removed due to financial distress," the statement said.

The Hyderabad-based software firm has already been removed from various indices -- Nifty and the Sensex -- computed by National Stock Exchange and Bombay Stock Exchange after the revelation of over Rs 7,000-crore (Rs 70 billion) fraud by the company.

[eula]

Satyam: BJP questions role of SEBI, govt


January 09, 2009 16:03 IST
Demanding a probe by central regulatory agency into the financial irregularities committed by software company Satyam Computer Services [Get Quote], the Bharatiya Janata Party (BJP) on Friday alleged that a scam of such proportions was not possible without the support of SEBI, MCA, Planning Commission and the Andhra Pradesh government.

"There are scams coming out of a scam....Was the government sleeping when it occurred? Even the Planning Commission did not take any action. This shows high mismanagement of the economy," senior BJP leader Murli Manohar Joshi said.

He accused Andhra Pradesh Chief Minister Y Rajshekhar Reddy of doing a flip-flop on the issue by first praising Satyam and its founder Ramalinga Raju and then back tracking.

"On what basis did he give them a clean chit?" Joshi said adding, "has this company also been educating the politicians like Enron did?"

Demanding a "dispassionate and ruthless" investigation of the scam Joshi said, "the role played by auditing companies, rating agencies, SEBI, Ministry of Company Affairs, banks and financial institutions and independent directors should be examined".

He said though E Sreedharan, who pioneered the Delhi metro, had informed the Planning Commission that Raju was diverting the route of the Hyderabad metro towards areas where he owned land, no action was taken.

[eula]

Satyam staff not to get salaries for 2 months

January 09, 2009 16:37 IST
Last Updated: January 09, 2009 17:08 IST

Satyam [Get Quote] Computer on Friday announced holding back employees salaries for two months, even as rumours were rife that the company might lay off close to 15,000 workers in the coming days.

The offices of Satyam Computer were rife on Friday with the talks about forthcoming pink-slips at the company, which needs over Rs 500 crore (Rs 5 billion) every month just to meet its staff costs and has admitted that its cash position was not encouraging.

Employees said they have received an e-mail saying the company would hold back salaries for two months and asked staffers to bear with it.

However, the company spokesperson declined knowledge of any such e-mail and the issue would be looked into.

Even as the company spokesperson denied any layoff plans as of now, the rumours put the estimated job cuts at close to 15,000 by the end of this month.

Employees at the company said on condition of anonymity that they were hearing about imminent lay-off of people who were sitting on the bench or were close to completing their assigned projects. Besides, those being retained would be asked to take substantial salary cuts, they added.

At the same time, global HT consultancy firm Hay Group's Practice Leader Mark Thompson said that employees would suffer the most from the fraud.

Global HR consultancy firm HayGroup's Practice Leader Mark Thompson said: "Based on past experience . . . as with Enron, Worldcom and the Mirror Group, it is likely to be the employees who will suffer most from the fraud perpetrated by their bosses."

In early 2000, the collapse of energy trader Enron had left thousands of people out of work, another 8,500 had lost their jobs at accounting firm Arthur Andersen; and Tyco eliminated 15,000 employees in February.

Analysts at technology research firm Forrester said employees and clients would soon desert the company amid competitive wooing by the rivals.

The research firm added that it has already been consulted by over half-a-dozen rivals of Satyam on competitive strategies to be adopted to take over the business from the clients of the beleaguered IT firm.

Satyam on Wednesday made a shocking disclosure of fudging of accounts by its founder Ramalinga Raju, who then quit as chairman, leaving an uncertain future for the company and its 53,000 employees.

Raju, in a statement on Wednesday, said Satyam's profits had been massively inflated over many years but no other board member was aware of the financial irregularities.

The timing of this news is the most unfortunate part about it given the fragile state of the global economy, Hay Group's Thompson said.

The scandal will damage corporate India's reputation, may have implications for the whole BPO and IT Services sector and would certainly give some 'hotheads in the US a little more ammunition to use against the logic of outsourcing to India,' Thompson said.

"However, there will not be a long term impact on the employer-employee relationship.

Instead, we may get tied up with a series of reviews into corporate governance and a host of new regulations attempting to prevent this kind of thing from happening again," Thompson added.

Another global staffing services firm Manpower said at this point of time 'employees should assess their current skill sets and explore the opportunities in sectors showing positive hiring intent like energy, telecom and mining.'

[Sheep_2001]

Heute wieder Handel in USA

[Klee77]

India halts Satyam board meet, to appoint directors
Fri Jan 9, 2009 9:57am EST
Market News

NEW DELHI, Jan 9 (Reuters) - India's government on Friday barred the board of embattled outsourcer Satyam Computer Services (SATY.BO) from holding its scheduled board meeting on Saturday and said it would be appointing 10 new directors soon.

"The government is considering appointment of suitable persons as directors of Satyam," Corporate Affairs Minister Prem Chand Gupta told a news conference.

Gupta added the newly constituted board must meet within seven days.

Stand-in CEO Ram Mynampati has said Satyam, whose market value has shrivelled to $330 million from over $7 billion just six months ago, faces a crisis of unimaginable proportions following chairman and founder Ramalinga Raju's admission of years of accounting fraud on Wednesday.

Satyam shares plunged to an 11-year low on Friday as analysts said India's biggest corporate scandal in memory called into question the future of the outsourcing firm. [ID:nBOM177768] (Reporting by Manoj Kumar and Rajesh Kumar Singh, Editing by Mark Williams)

© Thomson Reuters 2009 All rights reserved

http://www.reuters.com/article/marketsNews/idINDEL0023762009…

[martin30sm]

Warum wird eigentlich immer noch nicht gehandelt.
In Indien war heute ganz normaler Handel.

Was ist mit den Amis bzw. Europäern??

[Klee77]

Indian Regulator to Meet With Satyam's Founder


http://online.wsj.com/article/SB123150611343767875.html?mod=…

Die werden gewiss bestrebt sein, schnell eine passable Lösung zu finden!

[Klee77]

Top Stories Satyam bags order from Malaysian Airlines

NDTV correspondent and wires

Friday, January 09, 2009 (New Delhi)
Amid barrage of bad news for the IT major Satyam Computer Services following disclosure of financial misrepresentation by its former chairman, a new order for the IT firm from Malaysian Airlines could bring some cheer for the Satyam management.

Satyam’s new client has also insisted on bringing the team on board from January 12. Despite the shocking revelations during the past few days, the company is moving ahead to instill some confidence among anxious employees by saying that there will be no impact on salaries of associates.

The Satyam customers too addressed mails to the employees saying their "partnership" will last through the tough times, being faced by the world's number four IT company.

http://profit.ndtv.com/2009/01/09104518/Satyam-bags-order-fr…

[martin30sm]

Satyam CFO Attempts Suicide

Srinivas Vadlamani, the chief financial officer of Satyam, who is also allegedly involved in the IT company’s financial fraud, attempted suicide early this morning.



Disgraced former Satyam chairman Ramalinga Raju in his letter of resignation to Securities and Exchange Board of India (Sebi) and the company’s board of directors admitting fraud, had not absolved the CFO.

Vadlamani’s name is the only significant one missing from Raju's list of those who were ‘unaware of the real situation’ and the IT company’s wrong-doings.

Interim CEO Ram Mynampati in a press conference on Thursday said that Vadlamani had put in his papers. The decision on his resignation is to be taken in board’s meeting on January 10.

The CFO has been absconding from his home in downtown Malkajgiri for the last two days. He is said to have attempted suicide in the house of some relative in Ameerpet area, sources said.

Confirmation from the police about the incident is still awaited.

http://www.india.com/news/india/satyam_cfo_attempts_suicide_…

[Klee77]

Antwort auf Beitrag Nr.: 36.344.423 von martin30sm am 09.01.09 18:41:43

Die Meldung ist schon von heute Morgen... nur zur Info!

[eula]

No Satyam Board meeting Saturday: Minister
January 9th, 2009 - 9:49 pm ICT by IANS

New Delhi, Jan 9 (IANS) The beleagured IT firm Satyam Computer cannot hold its board meeting Saturday as scheduled earlier, Minister for Company Affairs Prem Chand Gupta said here Friday.“The government is restraining all current directors from the board. So Satyam cannot hold its Board of Directors meeting tommorow (Saturday),” Gupta told the news channel NDTV.

He said that the first meeting of the board will be held in seven days, and that the government will appoint 10 nominal directors to the Satyam board.

http://www.thaindian.com/newsportal/uncategorized/no-satyam-…



Government supersedes Satyam board, sacks remaining directors

January 9th, 2009 - 10:17 pm ICT by IANS

Hyderabad/New Delhi, Jan 9 (IANS) The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major.The government has cancelled a Satyam board meeting scheduled for Saturday in Hyderabad.

It also reconstituted the Satyam board and appointed 10 nominated directors.

The first meeting of the new board is to be held in seven days.

http://www.thaindian.com/newsportal/uncategorized/government…

[eula]

New York Stock Exchange Continues Assessment of Satyam Computer

10/01/2009 10:33

The FINANCIAL -- The New York Stock Exchange (“NYSE”) announced on January 9 that it has continued the trading halt of the American Depositary Shares (each representing two Equity Shares) of Satyam Computer Services Limited (the “Company”) – ticker symbol SAY – that has been in place since Wednesday, January 7, 2009.
ADVERTISEMENT



The NYSE is reviewing the Company’s suitability for continued listing in light of all relevant circumstances and news including recent filings on Form 6-Ks made with the US Securities and Exchange Commission.



The NYSE will continue to closely monitor all events in connection with its review of the appropriateness of the Company’s continued listing, given all relevant circumstances. Trading on the NYSE may resume on Monday, January 12, 2009, as the NYSE continues its assessment. The NYSE notes that it may, at any time, suspend a security if it believes continued dealings in the security are not advisable.



Trading in the American Depositary Shares of the Company on EuronextAmsterdam is also subject to the assessment.

[eula]

Satyam row: Chidambaram, Montek, officials to meet Manmohan
http://www.hinduonnet.com/thehindu/holnus/000200901101331.ht…

New Delhi (PTI): Home Minister P Chidambaram, Planning Commission Deputy Chairman Montek Singh Ahluwalia and top Finance Ministry officials are likely to meet Prime Minister Manmohan Singh on Saturday and brief him on developments at Satyam and the arrest of its founder Ramalinga Raju.

The meeting comes in the wake of the Government disbanding the Board of scam-ridden Satyam Computers on Friday with Minister of Corporate Affairs Prem Chand Gupta announcing that new Board would be constituted soon and meet in about a week.

Although no official comment was available, sources said the Satyam issue may be discussed among other things.

Gupta is also likely to apprise Singh during the day about the Satyam probe and other related developments.

[eula]

Polizei nimmt früheren Satyam-Chef fest
von Martin Ottomeier (Hamburg)

In einem der größten Wirtschaftsskandale Indiens werden die Behörden aktiv. Zwei Tage nachdem er wegen Bilanzmanipulationen zurücktrat, nahmen die Polizei Ex-Satyam Chef Ramalinga Raju und seinen Bruder fest. Die Regierung kämpft um den Ruf des IT-Standortes Indien.

Der ehemalige Konzernchef des IT-Dienstleisters Satyam, Ramalinga Raju, ist am Freitag festgenommen worden. Er hatte umfangreiche Bilanzmanipulationen gestanden. Die Regierung löste außerdem das Führungsgremium des Unternehmens auf und untersagte eine für Samstag geplante Krisensitzung des Board.

Die Anklagepunkte gegen Raju umfassten Vertrauensbruch, Verschwörung, Betrug sowie die Fälschung von Dokumenten und Beweismaterial, sagte ein Polizeivertreter. Auch Rajus Bruder, Mitbegründer und Geschäftsführer von Satyam, wurde festgenommen. Raju hatte am Mittwoch eingestanden, den Gewinn des Unternehmens jahrelang überhöht dargestellt zu haben und dafür die alleinige Verantwortung übernommen.

Das Unternehmen bangt mittlerweile um seine Liquidität. Man könne nicht sicher sein, ob Satyam für diesen Monat noch genug Bargeld habe, sagte Übergangschef Ram Mynampati am Freitag. Über 90 Prozent der in der Bilanz ausgewiesenen Barreserven sind nach Angaben Rajus nicht existent.


Gut bewacht: die Satyam-Zentrale in Hyderabad
© 2009 Financial Times Deutschland, © reuters


Unterdessen hat die Regierung angekündigt, zehn neue Mitglieder in das Führungsgremium des Unternehmens zu entsenden. Das bisherige Satyam-Board wurde aufgelöst. Ursprünglich wollte es am Samstag über die Zukunft beraten. Die noch zu ernennenden neuen Mitglieder sollen binnen einer Woche ihre erste Sitzung abhalten, sagte Prem Chand Gupta, Indiens Minister für Unternehmensangelegenheiten. "Wir wollen die Wahrheit wissen, aber wir sorgen uns genauso sehr um das Schicksal der Mitarbeiter und anderer Interessengruppen", sagte er auf einer Pressekonferenz.
Rolle von PWC wird überprüft

Mit der schnellen Reaktion dürfte sich die Regierung darum bemühen, den Schaden für die Reputation des Wirtschaftsstandorts Indien möglichst gering zu halten. IT-Dienstleister sind das Aushängeschild der heimischen Wirtschaft. Unternehmen wie Satyam gehören zu den Vorzeigeunternehmen des neuen, dynamischen Indien. Der Skandal dürfte Wasser auf die Mühlen derjenigen sein, die sich um Korruption und Vetternwirtschaft im Land sorgen.

Auch die Rolle von PricewaterhouseCoopers, das die Bilanzen des Unternehmens geprüft hatte, wird überprüft. Die Wirtschaftsprüfungsgesellschaft werde untersucht, sagte Minister Gupta. "Die Regierung fühlt sich verpflichtet, jeden zu bestrafen, der sich schuldig gemacht hat - auch die Prüfer", sagte er.

Satyam ist Indiens viertgrößter IT-Dienstleister und beschäftigt rund 53.000 Mitarbeiter. Der Aktienkurs des Unternehmens hat seit Bekanntwerden des Bilanzskandals am Mittwoch rund 87 Prozent an Wert verloren.

[eula]

UNITE to hold talks with UK, Japan govts on Satyam fiasco


New Delhi, PTI:

Satyam employees, who are also UNITE's members (in UK), would be assisted through representation, advice and guidance, and support as necessary and appropriate...", UNITE National Officer Peter Skyte said.

http://www.deccanherald.com/DeccanHerald.com/Content/Jan1020…

UNITE, the UK's largest employees union, on Saturday said it would talk to the governments of UK, Japan and other countries where the tainted IT firm Satyam has a branch to protect the interest of over 10,000 foreign workers of the company.

Satyam employees, who are also UNITE's members (in UK), would be assisted through representation, advice and guidance, and support as necessary and appropriate.... Within the UK, we have national responsibility for UNITE members working in the IT sector," UNITE National Officer Peter Skyte said in an e-mailed statement to PTI.

UNITE is the largest union in the UK with about two million members. Its Indian arm UNITES Professional India is a union for IT and BPO workers. "We are receiving a number of queries in the UK, at this stage expressing concern over the implications of the scandal affecting the company and what effect it will have on the future," Skyte added.

The Indian arm of UNITE is also in touch with all the foreign offices. UNITE Professional India General Secretary Karthik Shekhar said , "We are in touch with all the UNITE offices in other parts of the country. We have already talked to our UK counterparts who said that they will talk to the government there and ask them to intervene."

Satyam has presence in more than 65 countries. Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 690 clients, including 185 Fortune 500.

Though a company spokesperson could not confirm the exact number of foreign work force of the company, UNITE said it could be around 10,000. "We are in touch with the senior and top-level management of Satyam, all kind of rumours are doing the rounds, but we still do not have any clarity on the issue," he added. In India, the company employs over 50,000 people.

[Klee77]

AP
3rd Satyam exec detained after fraud scandal
Saturday January 10, 1:25 pm ET
By Sam Dolnick, Associated Press Writer
3rd executive of India's Satyam Computers in police custody after fraud scandal

http://biz.yahoo.com/ap/090110/as_india_satyam_scandal.html?…

[technophilosoph]

Satyam gets new board as founders are jailed
In the wake of a massive accounting scandal, Satyam's chairman and CFO were arrested this week.


HYDERABAD, INDIA (Reuters) -- The government installed a new board at fraud-hit Satyam Computer Services on Sunday following the arrest of the company's co-founders in the wake of India's biggest corporate scandal.

Police stepped up their investigation into the case, having charged Satyam Chairman Ramalinga Raju and his brother B. Rama Raju with criminal conspiracy and forgery on Friday after Raju said profits had been falsified for years and quit.

The brothers are being held in jail after they were taken into judicial custody until Jan. 23.

Chief Financial Officer Vadlamani Srinivas was also sent to the same jail on Sunday after he was taken into judicial custody until Jan. 23, his lawyer said.

Police raided the residences of the arrested executives in Hyderabad, the southern Indian city where Satyam is based, as part of the investigation, V.S.K. Kaumudi, Inspector General of Police told Reuters.

The three-member board will meet at Satyam headquarters in the southern city of Hyderabad on Monday to lay out a roadmap for restoring confidence of clients and staff following revelations of a massive accounting fraud.

Its chairman will be selected by its three members, who include Deepak Parekh, chairman of the Housing Development Finance Corp, said Corporate Affairs Minister Prem Chand Gupta.

The other members are Kiran Karnik, former president of technology lobby group, the National Association of Software and Service Companies, and C. Achutan, a former official of the regulator Securities and Exchange Board of India (SEBI).

"These three members will chart the future course of action for the time being," Gupta told a news conference in New Delhi.

New York-listed Satyam welcomed the reconstitution of the board, saying it would ensure the outsourcer's continued operations, help maintain customer confidence and staff morale, and restore investor trust.

"This is a vital stabilizing development for Satyam, and it marks the beginning of a new chapter in the company's history," a company spokeswoman said. "It is the best news we've received in the past four weeks."

The accounting fraud at Satyam was revealed by Raju last Wednesday. The company's stock has since been battered and its valuation plunged to $330 million at Friday's market close from more than $7 billion six months ago.

The scandal has cast a cloud over foreign investment in Asia's third-largest economy and over its once-booming outsourcing sector, which posted stunning sales growth for years and lavished investors with handsome returns.
Back on the rails

The agenda of the new board's meeting was not disclosed but analysts said it would likely focus on ways to retain existing clients such as General Electric and Nestle and how to guarantee working capital.

Stand-in Chief Executive Ram Mynampati said on Thursday the scandal had pushed Satyam, which specialises in business software and back-office services, into a crisis of unimaginable proportions and that liquidity was not very encouraging.

"The aim of the board will be to ensure continuity of business and confidence of clients as clients always gets concerned with such incidents," Karnik told television channel NDTV Profit. "Satyam will be back on the rails."

Analysts said the quick move to name new board members was a step in the right direction.

"I think it's a first good move towards restoring client confidence," said Sudin Apte, country head of Forrester. "But we still have a long way to go."

In a five-page letter sent to stock exchange authorities last week, Raju admitted about $1 billion, or 94 percent of the cash and bank balances on Satyam's books at end-September, did not exist.

Gupta said the government would soon make a decision on appointing additional board members.

Several securities fraud class action lawsuits have been filed in the United States on behalf of investors who bought Satyam American Depository Receipts (ADRs) in the last five years. To top of page
First Published: January 11, 2009: 11:37 AM ET

[eula]

Last traded 38.20 *
Change 14.35 (60.17%)
Time 12 Jan, 11:18
Volume 22334563

[eula]

Satyam: Sebi to probe buyback, M&As
Anindita Dey in Mumbai

January 12, 2009 10:12 IST

Acquisitions by a former group company Satyam [Get Quote] Infoway in 2000-01 and the promoters' announcement of a buyback in December last year are key issues that have caught the attention of the Securities and Exchange Board of India team that is inspecting financial irregularities in Satyam Computer Services.

Official sources said the 2000-01 acquisitions -- notably the high-profile purchase of web portal India World Communications from Rajesh Jain for Rs 499 crore (Rs 4.99 billion) -- by Satyam Infoway could mark the start of the company siphoning funds overseas under the guise of acquiring companies.

Satyam Infoway was merged with Satyam Computers in 2002.

Sources said the purchases coincided with the eight-year period for which the data has been fudged.

The inspection report by the Serious Fraud Investigation Office and Sebi will be handed over to the enforcement directorate under the finance ministry to investigate the parking of funds overseas.

Sebi will also investigate how the promoters announced a buyback when they knew there were no reserves to pay for it.

Sources said the announcement could have been a ruse to stabilise prices so that institutions could exit before former chairman Ramalinga Raju admitted financial irregularities January 7, a move that amounts to insider trading.

Also under the scanner are institutions that sold after the buyback was announced.

Bulk and block deal data from the National Stock Exchange and the Bombay Stock Exchange show that the entities concerned are Infrastructure Financing and Leasing Service Trust Company Ltd and foreign institution investors like Swiss Finance Corporation (Mauritius) Ltd, Morgan Stanley Mauritius Ltd, Fidelity Management and Research Company, Aberdeen International Indian Opportunities Fund, Mauritius, Aberdeen Asset Managers Ltd, the Boston Company Asset Management LLC and JP Morgan Fleming Asset Management.

The acquisition of India World Communications -- an all-cash deal for a portal that ran popular websites such as Khel.com, Khoj.com and Samachar.com -- has raised particular interest because of its valuation. India World at the time had a capital of Rs 20 lakhs (Rs 2 million), so at Rs 499 crore for the buyout, each Rs 10 share was valued at a
staggering Rs 2,500, said a source close to investigation.

The certificate of fairness of valuation for the transaction was provided by Ernst & Young.

The deal was financed partly by the proceeds of the american depository receipts issue Satyam floated in 2000-01.

Around the same time Satyam Infoway acquired internet and e-commerce company FormsIndia.com to service its corporate clientele and interact with government agencies under its business-to-business initiative.
The company also bought www.prizedjobs.com, a portal promoted by Headhunters, one of India's top executive search companies.

[eula]

Indian shares drop early; Satyam jumps, Wipro falls

MUMBAI, Jan 12 (Reuters) - Shares in India's Satyam Computer Services (SATY.BO) jumped more than 60 percent early on Monday after the government appointed a three-man board to restore confidence in the scandal-hit outsourcer.

But the main BSE index shed more than 1 percent and Wipro (WIPR.BO) fell more than 6 percent after the outsourcer said the World Bank had made the company ineligible for the bank's direct contracts in June 2007 [ID:nBMA002153].

By 0437 GMT, the 30-share BSE index was down 1.4 percent at 9,271.25. Satyam was up 49.9 percent at 35.75 rupees, while Wipro was down 5 percent at 238 rupees. (Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan)

[eula]

Satyam Shares Surge as New Board Draws Up Rescue Plan (Update1)


By Andrea Tan

Jan. 12 (Bloomberg) -- Satyam Computer Services Ltd. climbed by the most in 16 years in Mumbai trading on speculation that a new government-appointed board will draw up a rescue plan for the company at the center of India’s biggest corporate fraud.

Satyam rose 55 percent to 36.75 rupees as of 10:39 a.m. in Mumbai, the most since at least Nov. 26, 1992. The stock lost 87 percent in the last two trading sessions after Chairman Ramalinga Raju said he falsified the accounts and quit. The Bombay Stock Exchange’s Sensitive Index fell 2.7 percent today.

Deepak Parekh, chairman of Housing Development Finance Corp., and two other state-appointed directors plan to hold their first meeting today in Hyderabad to guide the company out of the financial and legal fallout of the fraud. Parekh has been joined on the board by Kiran Karnik, ex-president of the nation’s software industry lobby group, and former regulator C. Achuthan.

“Though the news of the new board at Satyam is positive, it will be important to track the incremental news flows as they start assessing the state of the company,” said Sandip Sabharwal, chief investment officer at Mumbai-based J.M. Financial Mutual Fund, which manages $1.2 billion in equities and bonds.

The stock’s gain could also be “because of investors covering their shorts in Satyam as the company’s stock will be excluded from the derivatives trading,” Sabharwal said. Satyam shares will be removed from the futures and options trading list on Jan. 29.

Battling for Survival

The Hyderabad-based computer-services provider and its more than 50,000 employees are battling for survival after founder Raju and his brother Rama were arrested for an alleged $1 billion fraud in which income was overstated for many years.

The shares began dropping after Satyam announced on Dec. 16 that it plans to buy two unrelated companies controlled by the Raju family for $1.6 billion. The Indian software provider now faces lawsuits from investors in the U.S.

The software maker will have to restate earnings and may be broken up to avoid an exodus of clients and shield potential buyers from lawsuits and regulatory probes, executives said.

“The way to salvage the business is to house it in another company and then sell it, there will be takers for it without the liabilities,” said Rajendra Chitale, managing partner at M.P. Chitale & Associates, who worked with Parekh a decade a on the rescue of India’s biggest mutual fund. “It will be like selling the family jewels and paying off the liabilities.”

To contact the reporter on this story: Andrea Tan in Singapore at [e-mail]

[eula]

0,55 x 2 aktien = 1,104

[eula]

SATYAM COMP 38.65 +14.80 (+62.05%)

[eula]

Satyam's new board meets, may elect chairman

January 12, 2009 11:26 IST
Satyam's [Get Quote] three-member board constituted by the government met for the first time on Monday to discuss ways to get the IT company back on track.

Eminent banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achuthan arrived at the Infocity campus of Satyam in Hyderabad for the meeting, in which the chairman of the board is expected to be elected.

The Board members are likely to meet the press in the evening.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.352.607 von eula am 12.01.09 06:59:24

moin eula.
danke dir für die immer schnelle imfos.

[eula]

Satyam Rejoicing over the appointment fo Parekh and Karnik

Monday, January 12, 2009 at 10:48


HYDERABAD: Even as the tech fraternity at Satyam was rejoicing over the appointment of Deepak Parekh and Kiran Karnik as directors of the reconstituted board, a small section in the industry raised questions about their presence on the boards of competitors. Eyebrows were also raised about Karnik’s presence on the board of EMRI, another B Ramalinga Raju company.



EMRI (Emergency Management and Research Institute) is alleged to have secured undue favours from various state governments. Krishna Palepu, a former Satyam board member, is also on EMRI’s board.

Industry observers expressed concern that Karnik’s presence on the board of EMRI could affect his credibility as an impartial and independent member of Satyam’s new board. However, they were confident that Karnik would have disclosed his presence on EMRI’s board to the government before giving his consent to Satyam appointment. Karnik could not be contacted for his comments despite repeated attempts.

Karnik is also on the board of EXL Services, while Deepak Parekh is on the board of WNS Global Services, both business process outsourcing (BPO) companies which are in direct competition to Satyam’s BPO. The websites of both companies continue to display their names as directors, which means that they still continue on the boards of these companies.

“They must step down from the boards of these companies before assuming charge as government appointed directors of Satyam. Parekh has an unblemished record in corporate India while Karnik is well respected in the technology circles. With Satyam in the grip of poor governance issues, it is a must for these luminaries to exit WNS and EXL to send a strong signal to all stakeholders,” said a senior IT executive. Officials of WNS or EXL could not be contacted.

While WNS provides end-to-end BPO solutions to companies like British Gas, SAS Airline, KLM, T-Mobile and Virgin Atlantic, EXL Services offers its outsourcing services which include a full spectrum of BPO services from offshore delivery centers requiring ongoing process management skills services.

[eula]

Antwort auf Beitrag Nr.: 36.352.623 von fliesenbatscher am 12.01.09 07:14:42

Guten Morgen

[eula]

Raju confesses: Why and how of the Satyam con

Network18

TimePublished on Mon, Jan 12, 2009 at 10:48, Updated on Mon, Jan 12, 2009 at 11:16 in Business section

Hyderabad: The arrested Satyam top brass claim PricewaterhouseCoopers (PwC), the company auditors, never warned Satyam of discrepancies in accounts over the last seven years.

In a confession letter – to which Network 18 has exclusive access – ex-Satyam Chairman Ramalinga Raju admits to the fraud and justifies his position. Following are the pointers of the letter:

* Because of the present global financial situation, disparity shown in the balance sheet became difficult to cover up .

* Things have gone out of control. Since I have been instrumental in starting the company, I wish it to be a leading company and could not bear the thought of it coming down. That is the reason I have money to save the situation.

* Since about seven years, we wanted to show more income in the account to avoid others from involving in company affairs and any other possible hostile takeover situation, and hence, manipulated the balance sheet to attract more business and show unavailable amount as available cash in hand.

[eula]

Satyam, Nano not to affect FDI flow: Volvo MD

Chennai (PTI): The Satyam fiasco, which rocked the IT industry, and the Tatas pulling out of the prestigious 'Nano' project from Singur last year, would in "no way" affect flow of Foreign Direct Investments (FDI) into India, a top official of luxury car maker Volvo Car India said.

"I don't think such incidents will play a big role in this country. From the long-term point of view, I think the need for FDIs will increase for a country like India," Volvo Car India Managing Director Paul de Voijs said.

"This Satyam case may be a larger issue here, but I think that will not get much attention in any other country," he said.

On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. "As part of our expansion plans, the company already proposes to set up more dealerships across the country," he said.

"Right now we have three dealers and this year the fourth dealer will be appointed in Hyderabad. It will be followed by one each in Cochin, Mangalore, Chennai, Ahmedabad, Pune and Kolkata," he said.

Stating that the company rides on "quality performance" than quantity, he said they are focused "more on quality than producing volumes".

[eula]

Last traded 36.40 *
Change 12.55 (52.62%)
Time 12 Jan, 11:46
Volume 26261793

[eula]

Ram Mynampati got more salary than Raju, directors!

January 12, 2009 11:40 IST
A prime prospect for probe by regulators and authorities investigating the Satyam [Get Quote] fraud, acting-CEO Ram Mynampati appears to be the IT company's most valued asset and drew a salary more than that of founder Ramalinga Raju and all the directors put together.

At the same time, its independent directors, many of whom have quit Satyam board after the Maytas fiasco on December 16, got at least Rs 1 lakh a month as commission and sitting fees.

Mynampati, who is now being questioned by the team of market regulator SEBI, got a total package of over Rs 3.5 crore (Rs 35 million) during the year ended March 2008, while founder and Chairman had to contend with just about one fifth.

[eula]

Colleges may chuck out Satyam from ‘job mela’
12 Jan 2009, 1107 hrs IST, Nikhila Henry, TNN

HYDERABAD: With recruitment season starting at many engineering colleges and universities
in the state in the next few weeks, many institutes are
reportedly not interested in including Satyam in the list of prospective employers for fear of an insecure future for their students.

The Andhra Pradesh State Council of Higher Education (APSCHE) is also reportedly under pressure from state universities to remove Satyam’s name from its recruitment drive for the current year.

“Joining the company, especially during the time of recession, and with bad press it will be fateful for students. The college has a responsibility to place students well. We cannot take risk with their lives and send them to Satyam,” principal of a college said.

The college authorities said there was a popular opinion among students that they would not opt for Satyam with the current situation .

At another college in the city, Satyam is already out of the list of recruiters. “With many final year students passing out this summer, there will be no Satyam employee from this college for 2009,” a lecturer said. Incidentally, at one of the colleges, the Parent-Teachers ’ Association (PTA) has ousted Satyam from the probable employers’ list. The college authorities said that there was tremendous pressure on them from parents. “The parents do not want their children to take wrong decisions at the start of the career. At the PTA meeting on January 7, some parents expressed their concern about including Satyam in the employer list and we had to oblige,” a college authority said.

However, most institutes said Satyam was being chucked out of the list not due to any bad press it had received of late, but because of its track record.

“The company had not given joining dates for students even after offering jobs a year ago. It has not honoured its word for the second consecutive year,” a placement officer said.

He said some other companies were removed from the employer list as well as they too had done this the previous year.

[eula]

Kerala IT cos eyeing Satyam clients
12 Jan, 2009, 1123 hrs IST,IANS

KERALA: It is advantage time for IT companies in Kerala. With Satyam under a cloud, the software companies in the state are busy trying to win o
ver clients of the tainted IT bellwether even as they are flooded with job applications from Satyam employees.

A few large IT companies in the state either work with Satyam or are competitors. The head of a leading IT company told IANS on the condition of anonymity, that across the IT industry efforts to take over Satyam's clients in India or abroad has begun and they were also at it.

"We are working aggressively in India and abroad for this," the IT firm chief said.

Meanwhile, efforts to reassure nervous clients have also begun. VK Mathews, chief of IBS Software Services -- one of the biggest IT companies in the state -- told IANS they have started reaching out to clients to explain their position as part of confidence building measures in the wake of what happened at Satyam.

"One should not generalise with what happened to Satyam. The need of the hour is for regulating agencies like Securities and Exchange Board of India (SEBI), Registrar of Companies, and the Company Law Board to step in and see that such things do not happen again," he added.

Kerala is home to around 200 IT companies of varying size that employ close to 25,000 people and have clients across the globe.

Last year, software exports from the state crossed Rs 1,000 crore (Rs 10 billion).

Founder president of Group of Technopark companies (GTECH), Sunil Gupta said that since Thursday, the day after the Satyam chief admitted to a Rs 70 billion fraud, he has been getting frantic calls from clients.

"We work with Satyam for five companies in the country and we are their competitors in the US. The biggest fallout of this would be that clients will now insist on very strict insurance clauses, thereby leading to increased insurance premiums which will be borne by companies like us," said Gupta, CEO of the Kerala operations of the New Jersey-headquartered Collabera IT company.

Both Mathews and Gupta said since the Satyam bubble burst, they have been flooded with resumes of Satyam employees.

"Satyam employees are of high quality and certainly we will be hiring those who are suitable depending on our requirements," Mathews said.

[eula]

Last traded 36.00 *
Change 12.15 (50.94%)
Time 12 Jan, 12:46
Volume 31445015
Prev Close 23.85
Day's H/L (Rs) 40.00 - 28.60
Mkt Cap (Rs Cr) 2413.80
52wk H/L (Rs) 544.00 - 11.50

[tgs1717]

Aktie ist in Frankfurt immer noch ausgesetzt...

[tgs1717]

Es ist eine Sauerei das in Frankfurt nicht gehandelt wird. Was für Gründe gibt es? Frechheit.

[eula]

Raju bail plea put off to Jan 16

January 12, 2009 13:03 IST
Last Updated: January 12, 2009 13:22 IST

A team of 25 lawyers has been put together to defend Raju and others

A Hyderabad court on Monday deferred till January 16 hearing on bail applications filed by Satyam's [Get Quote] three disgraced executives including Ramalinga Raju, as also market regulator Sebi's plea for quizzing Raju.

Hearing on the bail plea will be taken up by the 6th Chief Metropolitan Magistrate on January 16, Raju's lawyer Bharat Kumar told reporters, adding that a team of 25 lawyers has been put together to defend Raju and others.

Besides Raju, his brother Rama Raju and Satyam's CFO Vadlamani Srinivas too are in judicial custody till January 23 and are lodged in the Chanchalguda central prison.

Sebi too had filed a petition seeking the court's nod for interrogating Raju and the two others while they are in judicial custody, but Raju's lawyer sought a day's time to file a counter petition. Following this, the court posted the matter for hearing on January 16.

The Rajus were arrested by the state CB-CID police on Friday, two days after Ramalinga disclosed a Rs 7,800 crore (Rs 78 billion) financial fraud in Satyam founded by him in 1987. Vadlamani Srinivas was arrested on Saturday.

Separate teams from Sebi and the Serious Fraud Investigation Office of the Union ministry of corporate affairs are camping in the city to interrogate Raju.

While Sebi has been questioning the company's dislodged interim CEO Ram Mynampati for a while now, the CB-CID police has launched searches in the houses of the Rajus and Srinivas.

The three have been charged with criminal conspiracy, cheating, criminal breach of trust, forgery and falsification of records. All these are non-bailable offences. The Satyam CFO was arrested a day later.

[eula]

Last traded 36.35 *
Change 12.50 (52.41%)
Time 12 Jan, 13:49
Volume 34532334

[eula]

Last traded 34.00 *
Change 10.15 (42.56%)

[martin30sm]

Gewinnmitnahmen in Indien!
Sollte meiner Meinung nach in den nächsten Tag noch weiter nach oben gehen!

Handel in Frankfurt ab wann??

[eula]

Last traded 32.35 *
Change 8.50 (35.64%)

[eula]

Antwort auf Beitrag Nr.: 36.353.163 von martin30sm am 12.01.09 09:48:14

vielleicht heute nachmittag mit amis..

[eula]

Daunting agenda for new board
BS Reporter in New Delhi

anuary 12, 2009 13:54 IST

Reconstructing the financial statements and appointment of key managerial personnel, especially the chief financial officer, should top the agenda for the newly appointed board of Satyam Computer Services [Get Quote], experts say.

Further, the board will have to decide whether to appoint a new chief executive officer/ managing director or continue with the interim CEO, and also whether to replace the current statutory auditors - Price Waterhouse.

[eula]

Last traded 33.70 *
Change 9.85 (41.30%)

[eula]

Last traded 34.65 *
Change 10.80 (45.28%)

[eula]

Stakeholders lobby for a seat on the Satyam board
12 Jan, 2009, 1255 hrs IST, Shailesh Menon,ET Bureau

MUMBAI: Members of various shareholder associations, accounting bodies and management experts are flocking to Delhi to lobby for a seat on the S
atyam board.

According to sources, the government is considering to expand the newly-set board to a ten-member working group, with adequate representation from stakeholders and professional bodies.

The final list (of board members) is expected to be announced on Monday late evening or tomorrow morning, sources said.

"Members are lobbying hard to get a seat on the Satyam board. Recommendations are coming in from Union Ministers, highly-placed bureaucrats and high-flying entrepreneurs to induct their nominees," said Pradeep Bhavnani, president, National Association of Small Investors (NASI).

Mr Bhavnani, who currently holds 1.12% in Satyam Computers, is also aspiring for a seat on the Satyam Board.

"Am buying more Satyam shares today; this will take my shareholding to 5%. If they are not offering me a membership, I'll move court," Mr Bhavnani said.

Kirit Somaiya of Investor Grievances Forum has requested the High Court to intervene in the board constitution process. "The High Court should look into the whole process. The court should see to it that shareholders are well-represented in the new board. The honourable court should also book exchanges and the regulator for not being able to prevent such a scam," Mr Somaiya said.

The newly-constituted three-member board of Satyam will meet today to discuss ways to get the company back on track. In its first meeting, the board is likely to elect Deepak Parekh as its chairman. It is learnt that the government has already sounded the members about Parekh as chairman. The other members will be appointed by the government with the consultation of the chairman and other appointed board members.

[eula]

Indian shares fall 2.9 pct; Satyam up, Wipro down
Mon Jan 12, 2009 7:52am GMT

* Satyam jumps as govt. steps in to help restore confidence

* Wipro falls 12 pct as World Bank bars direct contracts

* Quarterly earnings concerns weigh down sentiment
(Updates to afternoon)

MUMBAI, Jan 12 (Reuters) - Indian shares fell 2.9 percent
on Monday, weighed down by weak Asian markets and concerns
about quarterly earnings, but Satyam jumped two-thirds after
the government stepped in to help restore confidence in the
scandal-rocked outsourcer.

Shares in Wipro (WIPR.BO) dropped more than 12 percent
after the No. 3 outsourcer said the World Bank had barred the
company from direct contracts until 2011, citing a conflict of
interest.

The market briefly pared losses after industrial output
unexpectedly rose in November, but there was little support
forthcoming with many uncertainties clouding the outlook.

By 12:45 p.m. (0715 GMT), the 30-share BSE index
was down 2.94 percent at 9,132.80 points, with 27 components
lower.

"Much of the negative sentiment in the market is due to
weak global markets and also concerns about the quarterly
earnings," said Sandeep Neema, fund manager with J.M. financial
Mutual Fund.

Satyam shares were up 51.15 percent at 36.05 rupees, off a
high of 40 rupees, after the company's market value slumped to
$330 million last week from more than $7 billion just six
months ago following revelations of an accounting fraud.

A newly constituted three-member board, appointed by the
government, began a meeting on Monday in the southern city of
Hyderabad to lay out a roadmap for clients and staff. The
company is expected to hold a news conference at 5 p.m. (1130
GMT). [ID:nBOM370906]

Wipro was down 9.3 percent at 227.45 rupees.

Traders said investors were also concerned that the scandal
at Satyam, which last week said it had falsely inflated profits
for many years, would trigger tighter regulations.

The Securities and Exchange Board of India said on Friday
the certification of corporate results from the December
quarter by auditors would be subject to peer review in a bid to
assure investors the fraud at Satyam was unique.
[ID:nDEL002375]

"There are apprehensions that such a review will lead to
more qualifications in companies' books," said V.K. Sharma,
head of research at Anagram. "There will be a fear element in
the market about hyperactivism of auditors."

Industrial output grew 2.4 percent in November against
market expectations for a 1 percent drop [ID:nBMA002157].

Bellwether Infosys Technologies Ltd (INFY.BO) was trading
down 1.7 percent at 1,175 rupees, ahead of its quarterly
earnings on Tuesday.

In the broader market, losers overwhelmed gainers by about
1.8:1 on below average volume of 150 million shares.

STOCKS ON THE MOVE

* Megasoft Ltd (MSFT.BO) fell to an all-time low of 13.80
rupees after the World Bank said it had barred the outsourcer
from direct contracts for four years.

* Battery maker Exide Industries (EXID.BO) was up 1.3
percent at 45.65 rupees, ahead of its quarterly results later
in the day. A Reuters poll forecast earnings to rise 37
percent.

MAIN TOP 3 BY VOLUME

* Satyam Computer on 28.5 million shares

* Unitech (UNTE.BO) on 8.5 million shares

* Suzlon Energy (SUZL.BO) on 5 million shares.

FACTORS TO WATCH
* Indian rupee report
[INR/]
* Indian bond report
[IN/]
* FOREX-Yen buoyed by risk reversal, euro on defensive

[FRX/]
* Oil falls toward $40 on demand worries
[O/R]
* GLOBAL MARKETS-Asia stocks dip with no signs to end of
slowdown
[MKTS/GLOB]
* US STOCKS- Wall St falls on job woe, Citi, Chevron,
techs[.N]
* For closing rates of Indian ADRs
INADR
(Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan)

[eula]

'Satyam, Nano not to affect FDI flow'

Chennai, Jan 12: The Satyam fiasco, which rocked the IT industry, and the Tatas pulling out of the prestigious 'Nano' project from Singur last year, would in "no way" affect flow of Foreign Direct Investments (FDI) into India, a top official of luxury car maker Volvo Car India said.

Related Stories
Manipulated Satyam accounts for 7 yrs, confesses Raju
"I don't think such incidents will play a big role in this country. From the long-term point of view, I think the need for FDIs will increase for a country like India," Volvo Car India Managing Director Paul de Voijs said.

"This Satyam case may be a larger issue here, but I think that will not get much attention in any other country," he said.

On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. "As part of our expansion plans, the company already proposes to set up more dealerships across the country," he said.

"Right now we have three dealers and this year the fourth dealer will be appointed in Hyderabad. It will be followed by one each in Cochin, Mangalore, Chennai, Ahmedabad, Pune and Kolkata," he said.

Stating that the company rides on "quality performance" than quantity, he said they are focused "more on quality than producing volumes".

The report further added that a multi-million-dollar software facility being built on Deak in University's campus in Geelong is also under a cloud as the future of Satyam remains uncertain.

On Wednesday, Satyam's founder-chairman B Ramalinga Raju admitted of inflating the accounts of the firm and was later arrested with B Rama Raju, his brother and co-founder, on charges of criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery.

Satyam chief financial officer
Srinivas Vadlamani was also arrested on Saturday.

The Satyam fraud case has forced the Indian government to appoint three members to the board of Satyam after it dismissed the incumbent board to restore investors’ confidence.

Bureau Report

[eula]

SEBI chief meets PM, briefs about Satyam


Tags: Satyam Computer , Ramalinga Raju , Hyderabad , SEBI , PM Manmohan Singh


Published: Mon, 12 Jan 2009 at 14:05 IST

New Delhi, Jan 12: SEBI Chairman C B Bhave today met Prime Minister Manmohan Singh and is believed to have briefed him about the latest developments on scam-tainted Satyam, which is the subject of a probe by the market regulator.

Bhave, however, could not be contacted immediately for comments on the deliberations he had with Singh.

The Securities and Exchange Board chairman, Bhave, had started a series of meetings in New Delhi from Saturday when he met Corporate Affairs Minister Prem Chand Gupta and his Secretary Anurag Goel.

The meeting comes in the wake of a coordinated probe by the Andhra Pradesh CID, SEBI, Serious Fraud Investigation Office (SFIO) and the Registrar of Companies.

SEBI had also approached the court seeking permission to question the disgraced founder of Satyam, Ramalinga Raju, but the application was deferred till January 16 after Raju's lawyer sought time to file a counter petition.

[eula]

Last traded 34.50 *
Change 10.65 (44.65%)
Time 12 Jan, 14:43
Volume 46903919

[eula]

Raju's claim of 3% Sept quarter margin finds few takers
B G Shirsat in Mumbai

January 12, 2009 14:06 IST

There are very few takers for B Ramalinga Raju's astounding claim that the margin earned by Satyam [Get Quote] in the quarter ended September 2008 was just 3 per cent, and not 24 per cent as reported in the results.

Analysts say Raju's "confession" on mis-reporting of margins over the last several years is far too facile. It is true that Satyam Computer Services, which was till recently known as India's fourth largest software services firm, had the highest employee cost to sales ratio of around 60 per cent in the last three years compared to 50-53 per cent reported by Infosys [Get Quote] and TCS [Get Quote]

[eula]

Satyam management may make presentation to new board

January 12, 2009 14:19 IST

Concerned over the image of Satyam [Get Quote], the existing management ofthe IT firmis likely to make a presentation to the new board, which is holding a meeting on Monday at the company's Hyderabad headquarters.

A top company official said, "We are still waiting to receive any communication from the new board. we might make a presentation to the new board."

The government had disbanded the Satyam board and constituted a new board with three eminent persons -- banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan.

B Ramalinga Raju, the founder-chairman of Satyam, resigned after admitting that he had fudged the books for several years. Its top leaders have pledged to remain with the company and work jointly to steer the organisation through the crisis.

Ten of the most senior executives of Satyam, including interim CEO Ram Mynampati, had collectively committed not to resign from the company, which has about 50,000 associates.

[eula]

Satyam loses, but markets triumph
R Ravimohan

January 12, 2009

The Satyam [Get Quote] episode is an unfortunate instance of fraud of grave proportions, coming at a time when the investment world appears to be recovering from the economic shocks. But financial scandals, first the Madoff scandal last month and now the disclosure of accounting fraud by Satyam, continue to challenge the market recovery process.

However, the markets have begun to function again and appear to have emerged from the year-end break with a new approach to investment, which is predominantly bottom up, meaning that markets will choose to invest in specific companies, as opposed to thematic or top-down strategies, where sectors, countries or themes determine the broad investment strategies.

[Sheep_2001]

SK:

SATYAM COMP 34.4 +10.55 (+44.23%)

[eula]

Satyam's European partners seek clarification on projects
By siliconindia news bureau
Monday,12 January 2009, 14:55 hrs IST

Mumbai: The Satyam saga of unethical dealings seems to be affecting the company's partners overseas as many IT companies in the Europe, who contracted with Satyam for various projects, are now expressing concerns over the future of the projects. IT companies in Europe like NNIT of Denmark Arvato Systems of Germany and Capgemini of France have sub-contracted some of their clients' work to Satyam, reported BusinessLine.


Industry sources believe that if Satyam is not able to finish its assigned work on time with quality, the delivery of final projects to be made by European firms to their clients may also get delayed. The European partners are now observing the development closely. "We have asked Satyam for an account on how they plan to guarantee their deliveries to NNIT in this situation, and are awaiting their answer," said Karsten Fogh Ho-Lanng, Corporate Vice-President and Chief Technology Officer, NNIT. The company is partnered with Satyam to jointly develop SAP solutions and provide support to pharmaceutical clients in Denmark.

Realizing the cost-effective services in India compared with Europe, several IT vendors in Europe have sub-contracted work to Indian companies. Indian firms have also advantages as they use it as a strategy to break into key customer accounts.

In Decmber, Dr Carsten Bittner, Director, Managed Services International of Arvato Systems had said, "By off-shoring 20 percent of any IT project to a company like Satyam, European firms can price their services cheaper compared to those companies who don't have any offshore presence."

Germany-based Arvato System is partnered with Satyam to jointly provide offshore services to the medium-sized enterprise market in Germany, Austria and Switzerland. Concerned over the future of the projects, Arvato is also taking step to check the ability of Satyam to overcome the crisis. The company is closely monitoring the developments at Satyam. A company spokesperson said, "Currently our relationship with Satyam continues unhindered. However, we cannot give any insight into the future."

[eula]

Colleges may chuck out Satyam from 'job mela'


Monday, 12 January 2009



Hyderabad, January 12: With recruitment season starting at many engineering colleges and universities in the state in the next few weeks, many institutes are
reportedly not interested in including Satyam in the list of prospective employers for fear of an insecure future for their students.

The Andhra Pradesh State Council of Higher Education (APSCHE) is also reportedly under pressure from state universities to remove Satyam's name from its recruitment drive for the current year.

"Joining the company, especially during the time of recession, and with bad press it will be fateful for students. The college has a responsibility to place students well. We cannot take risk with their lives and send them to Satyam," principal of a college said. The college authorities said there was a popular opinion among students that they would not opt for Satyam with the current situation being such.

At another college in the city, Satyam is already out of the list of recruiters. "With many final year students passing out this summer, there will be no Satyam employee from this college for 2009," a lecturer said.

Incidentally, at one of the colleges, the Parent-Teachers' Association (PTA) has ousted Satyam from the probable employers' list. The college authorities said that there was tremendous pressure on them from parents. "The parents do not want their children to take wrong decisions at the start of the career. At the PTA meeting on January 7, some parents expressed their concern about including Satyam in the employer list and we had to oblige," a college authority said.

However, most institutes said Satyam was being chucked out of the list not due to any bad press it had received of late, but because of its track record. "The company had not given joining dates for students even after offering jobs a year ago. It has not honoured its word for the second consecutive year," a placement officer said. He said some other companies were removed from the employer list as well as they too had done this the previous year.

--Agencies--

[eula]

Satyam seeks Rs 1,000-cr Central bailout package



Monday, 12 January 2009

Hyderabad, January 12: Satyam Computer Services Ltd, which is virtually decapitated with the Centre disbanding its board of directors, is desperately looking for a bailout package from the government.

Sources said the company literally has no cash balance. It requires approximately Rs 900-1,000 crore for this month alone to continue operations.

The interim management had set up a task force to assess the liquidity equation to apprise the board members of the exact situation at their meeting on Saturday.

However, with the Ministry of Corporate Affairs superceding the board or whatever that remained of it, on Friday, company sources told Express that they were restrained from taking any business decisions. The company is awaiting the formation of the new board which can then deliberate on ways of raising liquidity.

“We desperately need support from the government. We cannot take any business related decisions and with so much confusion, we do not know how to go about raising money and continue operations,” said a company official. “We were asked not to talk to customers about corporate issues until the new board is in place,” the source added.

Terming the ministry’s decision to put together a new board as a step in the right direction, Ganesh Natrajan, Chairman, Nascom, said, “the management can continue doing business with existing customers. However, they have to wait for the new board to come in before taking decisions on corporate issues as such.” Of the estimated Rs 1,000 crore required, salary bill for the 50,000-odd employees would itself come to about Rs 500 crore.

“We also need to pay insurance premiums and make outstanding payments to some vendors,” explained the source.

--Agencies--

[eula]

Satyam shadow clouds IT firms Q3 results
Mon Jan 12, 2009 4:40pm IST

By Sumeet Chatterjee

BANGALORE (Reuters) - India's top software services firms are expected to report quarterly profit rose by up to a quarter, but the accounting fraud at Satyam Computer Services has further dented prospects in the slowdown-scarred sector.

Analysts said global firms, scared by the revelations of a $1 billion accounting fraud at New York-listed Satyam, might delay giving large contracts as they step up due diligence.

Investors will be alert to companies' comments on any cancellation or delays of contracts, pricing pressures, and hiring prospects.

"While we maintain that over the long-term offshoring will remain a mega trend, in the medium-term the significant headwinds being faced by the companies are unlikely to subside in a hurry," said Harit Shah, a sector analyst with Angel Broking in Mumbai.

Global companies such as Citigroup, ABN AMRO, Nortel and Airbus have outsourced work, taking advantage of India's large pool of English-speaking engineering workers and cheaper wages.

But a recession in the United States, which accounts for more than half of India's total IT revenue, and turmoil in the global financial sector have brought the sector's scorching pace of growth to a grinding halt and battered stocks.

Brokerage Emkay Global Financial expects sector bellwether Infosys Technologies to lower its fiscal year 2008/09 revenue guidance in dollar terms to about $4.70 billion from the company's October forecast of $4.72-$4.81 billion.

Infosys, India's second-largest software services exporter, kicks off the sector's earnings parade on Tuesday, followed by industry leader Tata Consultancy Services on Thursday. Continued...

http://in.reuters.com/article/businessNews/idINIndia-3739912…

[eula]

Wirtschaftsnews - von heute 12:25
Satyam-Chef festgenommen - Überleben der Gesellschaft fraglich


Neu-Delhi 12.01.2009 (www.emfis.com) Ramalinga Raju, der Gründer und Vorstandschef von Satyam Computer Services, ist am Wochenende von der indischen Polzei in Gewahrsam genommen worden. Mit ihm wurden auch sein Bruder Rama Raju sowie Finanzchef Srinivas Vadlamani verhaftet. Sie sollen am 23. Januar dem zuständigen Richter vorgeführt werden. Ihnen werden Betrug, Urkundenfälschung und Verschwörung zu einer Straftat vorgeworfen. Ramalinga Raju selbst droht eine Haftstrafe von bis zu 10 Jahren. Er hatte vergangene Woche erklärt, die Bilanzen des indischen IT-Konzerns über Jahre hinweg frisiert und die Ergebnisse deutlich geschönt zu haben.

Die indische Regierung hat inzwischen bei Satyam einen neuen Vorstand eingesetzt, der heute eine Pressekonferenz abhalten soll. Die neue Führungsriege wird von Deepak Parekh, dem Chairman des Versicherungskonzerns Housing Development angeführt. Diese hat sich 1998 bereits bei der Sanierung der Vermögensverwaltungsgesellschaft Unit Trust of India einen Namen gemacht.

Einige Analysten gehen mittlerweile davon aus, dass die Gesellschaft diese Krise überleben könnte. Es sei allerdings unwahrscheinlich, dass Satyam Computer Services in seiner derzeitigen Form weiter bestehen werde. Als wahrscheinlichstes Szenario wird die Eingliederung in ein anderes Unternehmen gehandelt, das die notwendige Liquidität vorfinanzieren müsste und Satyam anschließend verkaufen könne.

Eine der wichtigsten Herausforderungen besteht für das neue Management darin, die Führungskräfte und die Kunden in den kommenden Monaten bei der Stange zu halten. Daneben dürfte sein Augenmerk insbesondere der Liquiditätssituation gelten. Der Interims-Vorstand Ram Mynampati hatte vergangene Woche erklärt, dass er sich nicht sicher sei, ob das Unternehmen den laufenden Monat überleben könne. Ramalinga Raju wiederum hatte in seinem öffentlichen Schuldeingeständnis dargelegt, dass 50,4 der in der Bilanz ausgewiesenen 53,6 Milliarden Rupien an liquiden Mitteln nicht existieren würden.

[eula]

Satyam: Govt to offer financial help

January 12, 2009 17:14 IST
The government has announced that it would extend financial support to Satyam [Get Quote]. This was stated by the Commerce Minister Kamal Nath in New Delhi.

In a bid to stabilise operations at Satyam, the government had on Sunday nominated noted banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan to the infotech company's board.

[eula]

India Satyam news conference delayed to 1200 GMT
Mon Jan 12, 2009 6:35am EST

HYDERABAD, India, Jan 12 (Reuters) - India's Satyam Computer Services (SATY.BO) on Monday has delayed by half an hour a news conference to be held after the first meeting of its newly constituted board.

The announcement of the delay to 5:30 p.m. (1200 GMT) was made over a loudspeaker at the press conference venue.

Satyam shares jumped 44.2 percent to 34.40 rupees on hopes the new board appointed by the government would help salvage the company's contracts and staff. [ID:nBOM370906] (Reporting by Devidutta Tripathy; Editing by John Mair)

[Sheep_2001]

PRessekonferenz LIVE:

http://www.business-standard.com/india/storypage.php?autono=…

"In the last 24 hours two international customers have said the quality and accuracy of service of Satyam's was much better than others. You cannot forget that Satyam has been among the top 4 IT cos in India."

[eula]

Satyam to hire independent accounting firm in two days
By Steve Goldstein
Last update: 7:38 a.m. EST Jan. 12, 2009
LONDON (MarketWatch) -- Satyam Computer Systems (SAY:

4:07pm 01/07/2009

SAY 9.35, 0.00, 0.0%) said in a statement after a board meeting that it will hire an independent accounting firm in the next 48 hours and that the government will appoint a few more board members soon. Satyam had employed PricewaterhouseCoopers prior to the discovery that its cash balances were overstated by more than $1 billion. Satyam said working capital issues require immediate attention and it's working to tide over the situation. End of Story

[eula]

India's Satyam needs new CEO, CFO - board
Mon Jan 12, 2009 7:39am EST

HYDERABAD, India, Jan 12 (Reuters) - India's embattled Satyam Computer Services (SATY.BO) needs a new chief executive and chief financial officer to bring normalcy back to the outsourcer hit by a massive accounting fraud, a board member said on Monday.

Satyam (SAY.N) may ask its outsourcing clients to pay earlier to help tide over the tough liquidity situation, Deepak Parekh, a senior banker and one of the government appointees to Satyam's board, told reporters. (Reporting by Devidutta Tripathy; Editing by John Mair)

[Sheep_2001]

Wieder handel in D?!?!?!?
ich bekomme Taxen!

[eula]

amis wieder handel

[Klee77]

Antwort auf Beitrag Nr.: 36.355.902 von eula am 12.01.09 15:38:22

Germany auch, Stuttgart schon gehandelt und wildes Getaxe...

[eula]

NASDAQ Last Sale
1.14

8.21 87.81%

[eula]

[eula]

NASDAQ Last Sale
1.05


Volume
4,019,053

[Sheep_2001]

Weit unter Pari INDIEN

[Klee77]

12.01.2009 16:15
TA7A: WIEDERAUFNAHME/RESTART
DIE FOLGENDE AKTIE WIRD MIT SOFORTIGER WIRKUNG WIEDER IN DEN HANDEL
AUFGENOMMEN:
THE FOLLOWING SHARE IS RESUMED TRADING WITH IMMEDIATE EFFECT:

INSTRUMENT NAME KUERZEL/SHORTCODE ISIN

Satyam -ADR- TA7A US8040981016 (News)



http://www.finanznachrichten.de/nachrichten-2009-01/12813681…

[Klee77]

Könnte vielleicht jemand Realtime Fra reinstellen...?
Danke!

[eula]

Antwort auf Beitrag Nr.: 36.356.389 von Klee77 am 12.01.09 16:22:33

0,88/0,91

[eula]

[Klee77]

Antwort auf Beitrag Nr.: 36.356.417 von eula am 12.01.09 16:25:33

Danke - ich habe wohl selbst RT Kurse, aber ein chart wäre halt schön gewesen...

[eula]

New Satyam board can handle the crisis: Damodaran

January 12, 2009 19:02 IST
Terming the newly constituted board of Satyam [Get Quote] Computer as "able", former Sebi chairman M Damodaran on Monday expressed the confidence that the new leadership will chalk out ways to tide over the crisis.

"The new board is able... it will chalk out ways (to overcome the crisis)," Damodaran said when asked what was the way forward to sort out the issues plaguing India's fourth largest software exporter.

Underlining the need for carrying out the investigation to its logical end, Damodaran said, "Nobody knows that what went wrong (in Satyam). The investigations are on, which will bring the truth out."

"We need to see what happened (in this case)," he added. Asked if he would be roped into the board, Damodaran said he had rejected the offer.

The Hyderabad-based IT-giant plunged in a to crisis after its former chairman B Ramalinga Raju revealed that Satyam's profit numbers were inflated and liabilities understated for several years.

Later, the government scrapped the board of Satyam and appointed HDFC [Get Quote] chairman Deepak Parekh, IT-expert Kiran Karnik and former Sebi member, C Achuthan as the new board members.

[Klee77]

Wäre hier wohl ein ordentlicher short squeeze denkbar...???

[eula]

Govt may hand over Saytam probe to SFIO soon

January 12, 2009 19:54 IST

The government will soon hand over investigations into the Satyam [Get Quote] case to the Serious Fraud Investigation Office, which hitherto has been assisting the Registrar of Companies in the probe.

"The government will formally hand over investigations in the Satyam case to the SFIO," sources in the ministry of corporate affairs said on Monday.

The Registrar of Companies in Hyderabad, where the head office of the crisis-ridden company is located, will be a part of the SFIO team to probe the case, sources added.

Earlier on Friday, the ministry dispatched the SFIO team consisting advisers and inspectors to Hyderabad to assist RoC in the Satyam probe.

The MCA has already ordered an inspection by the RoC (Hyderabad) of eight subsidiaries of Satyam, including Maytas Infra and Maytas Properties, the companies promoted by the family of disgraced Satyam founder chairman B Ramalinga Raju.

Earlier, corporate affairs minister Gupta had said the cases would be referred to the SFIO after receipt of a report from the the RoC, Hyderabad.

However, sources indicated that the probe would handed over to the SFIO before waiting for a report from RoC, Hyderabad.

The minister had earlier said that "RoC (Hyderabad) has already seized voluminous documents from various premises of the company".

[eula]

Last Sale
1.199

[eula]

Today's High
$ 1.29
Today's Low
$ 0.78

[eula]

neue TH 1,32

[martin30sm]

Satyam wird nach wie vor unter Pari gehandelt.
Bin gespannt was morgen passiert, sollte die Aktie in Indien auf 40-45 steigen, wovon ich nach den heutigen Umsätzen eigentlich ausgehe.

[tgs1717]

Bin unterwegs. Hat jemand FRA RT - bid and ask? Danke

[eula]

Antwort auf Beitrag Nr.: 36.356.775 von tgs1717 am 12.01.09 16:55:47

90/93

[Sheep_2001]

Antwort auf Beitrag Nr.: 36.356.775 von tgs1717 am 12.01.09 16:55:47

0,906
0,954

[tgs1717]

Nochmal RT Fra bid and ask - danke.

[martin30sm]

Der derzeite Kurs von 0,9 Euro enspricht ca.30 in Indien.

SK Indien jedoch 34,40!

[eula]

NASDAQ Last Sale
1.16

[trade_off]

Wir liegen immer noch mehr als 0,15 € unter dem Kurs.

Das kommt sicherlich daher, dass wir uns momentan an den USA orientieren und die USA das Problem haben, dass sie einen ganzen Börsentag in Indien als Risiko haben, ohne viel reagieren zu können.

[tgs1717]

RT FRA? B and A?

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.357.270 von trade_off am 12.01.09 17:45:32

das nachsehen haben wir in deutschland,
usa wird nach 20 uhr den kurs hochziehen,die können ja auch rechnen.
ich bin 100 % drin,mir ist es also egal,was die anderen machen.

[trade_off]

Da wäre ich mir gar nicht mal so sicher, an einem ganzen Börsentag in Indien kann wie gesagt viel passieren. Dieses "Risiko" hat natürlich auch Auswirkungen auf den Kurs. Etwas steigen könnten wir aber schon noch

[Sheep_2001]

Zieht schon wieder an.

[Marvin1992]

Im Moment prallt der Kurs immer wieder bei 1,2USD ab, die Hürde sollte er mal nehmen, damit er gut weitersteigen kann

[trade_off]

Man darf auch nicht vergessen, dass sich der Kurs in Indien seit dem Low am Freitag (11,50 INR) schon wieder fast verdreifacht hat.

@tgs1717

In Stuttgart ist sowieso etwas mehr Umsatz.

[tgs1717]

Antwort auf Beitrag Nr.: 36.357.494 von trade_off am 12.01.09 18:07:17

das stimmt. dann den rt aus stuttgart...

[Sheep_2001]

0,875
0,923

[Sheep_2001]

0,875
0,923

[martin30sm]

Schaut in den USA nach einem 2.Versuch aus, die 1,30 Dollar zu erklimmen.

[martin30sm]

1,30 Dollar sind überwunden!

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.357.620 von martin30sm am 12.01.09 18:20:14

usa:tageshoch.

[technophilosoph]

????????
ich wollte gerade ein paar Aktien kaufen ....in Frankfurt .../ Sparkasse
Der Computer sagt:
Der Auftrag wurde nicht ausgeführt

Börsenplatz/Ausführungsalternative nicht zulässig. Weiss jemand, was das soll?

[eula]

NASDAQ Last Sale
1.29



Volume
26,098,667


Today's High
$ 1.34
Today's Low
$ 0.78

[trade_off]

In Indien ist der Kurs umgerechnet bei ca. 1,40 $.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.357.786 von technophilosoph am 12.01.09 18:38:31

ich habe mal meine aktien,die ich in ffm gekauft habe zum verkauf gestellt,bei der sparkasse
geht aber auch nicht,wird nur usa angezeigt,zum verkauf.
ich denke die schlafen,bei der sparkasse.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.357.835 von trade_off am 12.01.09 18:43:29

da kommen wir nach 20 uhr hin.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.357.864 von fliesenbatscher am 12.01.09 18:47:41

jetzt schon .

[eula]

habe teil verkauft 1,07(KK 0,70)

[sorby]

Antwort auf Beitrag Nr.: 36.357.965 von fliesenbatscher am 12.01.09 18:58:51

Wenn das so weitergeht, werden noch die -80% erreicht.

[eula]

NASDAQ Last Sale
1.5399


Today's High
$ 1.58
Today's Low
$ 0.78

[sorby]

Antwort auf Beitrag Nr.: 36.357.996 von eula am 12.01.09 19:01:45

Stuttgart 1,15/1,18!!!

[eula]

Today's High
$ 1.63

[eula]

Today's High
1.72

[tradepunk]

In der Charttechnik zwar noch relativ unbekannt, sagte ich vor ner Stunde zu meinem Kollege: Wird doch hoffentlich keine Bart-Simpson-Formation!
Doch eine geworden! Aber jetzt kanns wieder weiter gehen!

[tradepunk]

Satyam soars in India as new directors named
By V. Phani Kumar, MarketWatch
Last update: 1:01 p.m. EST Jan. 12, 2009
Comments: 23
HONG KONG (MarketWatch) -- Shares of Satyam Computer Services staged a sharp recovery Monday in Mumbai after their recent crash, as the government's decision to appoint new members to its board raised hopes the software major may be rescued after India's biggest corporate fraud came to light at the company last week.
Although Satyam (SAY:
satyam computer services ltd adr
News , chart , profile , more
Last: 1.47-7.88-84.28%
2:41pm 01/12/2009
Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
SAY 1.47, -7.88, -84.3%) stock soared 45.9% by late-afternoon trading in Mumbai, the company's U.S.-traded shares tumbled $8.06, or more than 86%, to $1.28. Before Monday, the New York Stock Exchange had not allowed Satyam's U.S.-listed shares to trade since the scandal erupted.
The jump on Monday in Mumbai came after the government got into the act to protect the company and its 53,000 employees, and appointed well-known professionals such as Deepak Parekh, Kiran Karnik and C. Achutan to the company's board.
"The appointments will help because they have lent some credibility, which is the most important thing for the company after recent events," said Tejas Doshi, head of research at Sushil Finance in Mumbai.
Chart of SAY
"Still, the board has to assess the state of affairs at the company, and one will have to wait and watch the situation," Doshi said.
Parekh is the chairman of India's largest mortgage finance company, Housing Finance Development Corp., as well as the Indian unit of GlaxoSmithKline Pharmaceuticals.
Karnik was formerly president of India's influential information technology umbrella body, Nasscom, or the National Association of Software and Service Companies.
Achutan is a former member of the stock markets regulator, Securities & Exchange Board of India.
After the board meeting, the company said it would hire an independent auditor within 48 hours.
Satyam had employed PricewaterhouseCoopers prior to the discovery, made by founder and ex-chairman B. Ramalinga Raju, that its cash balances were overstated by more than $1 billion.
Raju, along with Satyam's former managing director B. Rama Raju and previous chief financial officer V. Srinivas, were arrested by Indian police over the weekend. End of Story
Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau.

[tradepunk]

Satyam customers told: Batten down the hatches

And prepare contingency measures

Tags: satyam, india, offshoring, outsourcing
Add Comment Printer Friendly Email Story RSS

By Nick Heath

Published: 12 January 2009 17:26 GMT
Show related
articles

Analysts are warning Satyam's customers to prepare themselves against the risk of disruption of services from the troubled outsourcer.

It follows last week's admission by Satyam's founder and former chairman B Ramalinga Raju that its books had been inflated by nearly $1bn.

Analyst group Gartner warned that the ensuing investigation will hamper Satyam's ability to invest in client engagement, staff development and R&D and risks driving staff out of the company, limiting its attractiveness as a IT services vendor.

Gartner recommends that companies closely monitor their contracts with Satyam for disruption, prepare contingency measures and offer "retention bonuses" to keep key Satyam staff on critical projects.

The note said: "In the current economic environment, enterprises consider financial indiscretions by any business intolerable; we believe this will severely handicap Satyam when prospective customers are evaluating potential partners."

Satyam's clients include household names such as BBC Worldwide, Birds Eye Iglo Group, Fifa, General Electric and Nestlé.

A spokesman for Nestlé said it had assurances from Satyam over the continuation of its service but added it is examining its options: "Nestlé's own internal resources are in a position to provide the company with the necessary IT support.

"Alternative solutions are being considered and no disruption of Nestlé's IT operations is expected."

A spokesman for BBC Worldwide, which worked with Satyam on its BBC Blast VJ Masher video portal for young people and has an ongoing services contract with the outsourcer, said: "There is only a very small amount of work being carried out at this present time, which is reaching a natural conclusion, unconnected with recent events.

"If we were to enter into any future contract of work with Satyam we would obviously apply the appropriate due diligence and contractual terms to protect BBC Worldwide."

Fifa said it is "monitoring the situation relating to Satyam", which is the IT services provider for the 2010 and 2014 Fifa World Cups and two Confederation Cups.

Speaking from Satyam's headquarters in Hyderabad today, senior Indian banker and new Satyam board member Deepak Parekh said that on paper the company has enough money coming in to cover its debts but admitted that at the moment "nobody knows these numbers are correct".

Parekh said in the coming days the board will appoint accountants to verify the figures and go back over the firm's books for the past two or three years.

"We have triple A clients and can request them to pay early rather than waiting 60 days.

"The company has a large amount of receivables due and the debt due is low so there is adequate liquidity but we need to get these figures verified."

Parekh added that the company will also ask for more time to state its third quarter results.

The company's shares jumped to end the day more than 40 per cent up at 34.40 rupees (47 pence).

Parekh and two other senior figures were appointed to Satyam's board by the Indian government after it sacked the previous board on Friday.

There has also been much speculation about whether Satyam could be taken over or merge with another organisation, such as one of the other large Indian outsourcers.

But the CFO of one of the largest Indian outsourcers Wipro, Manish Dugar, played down suggestions that it could be among the companies looking to take over Satyam.

He said that the two companies were so similar that any deal would be hampered by a doubling up of departments across the new organisation.

Dugar told silicon.com: "If you look at the business of Satyam and Wipro we are more or less comparable in service, the size, the kind of work that we do, customer base, etc.

"It is complementary but I don't know how synergistic it would be, because if we are out there doing something where they are then one plus one becomes 11."

[tradepunk]

Satyam and Consequences

By Alyce Lomax
January 12, 2009 | Comments (0)

Recs
4
Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

* Buy Now!

"Satyam" means "truth" in Sanskrit. Unfortunately, when it comes to the news that emerged last week from Indian company Satyam (NYSE: SAY), the truth is ugly and ironic to the utmost degree. Satyam founder and chairman Ramalinga Raju admitted to cooking the books for years.

I don't know much about Satyam other than what I've read about the fraud news. However, the revelations have captured my attention, and bring to mind how important it is to contemplate and acknowledge risk in investing.

"I'm sorry ... so sorry"
Raju's letter, disclosing his resignation and the history of fraud, included this closing statement: "I am now prepared to subject myself to the laws of the land and face consequences thereof."

Hmm, at least there's some acceptance of accountability. Looking at the massive mistakes that have been made by so many companies right here in the U.S., I had felt there was a remarkable and disturbing lack of conscience or remorse.

Lehman Brothers' Dick Fuld certainly didn't seem to feel too sorry about what went down at his firm. AIG's (NYSE: AIG) management threw parties while on the government dole. Merrill's John Thain apparently angled for a big bonus after only a year's work, even though shareholders suffered pretty badly before the company was passed off to Bank of America (NYSE: BAC). (Granted, Thain backed off when the board pushed back.) And former CEOs of companies like Citigroup (NYSE: C) were able to run off with huge severance packages before everything really hit the fan. Among all that, apologies were definitely lacking.

This is no paper tiger
Raju's letter also likened the years of accounting irregularities to this colorful metaphor, which says a lot about the all-too-human failing of getting caught in the web of one's own errors and deceit. He wrote, "It was like riding a tiger, not knowing how to get off without being eaten."

It looks like the ride is over, now though, with all the expected gory consequences. Unfortunately, we investors can't forget that there may be metaphorical tigers lurking in our own stocks, and we must remain vigilant about and aware of risks.

Ear to the ground
Satyam was a Motley Fool Stock Advisor recommendation up until this terrible news, which spurred the team to recommend an immediate "sell." My Stock Advisor colleagues had been monitoring the increasingly unpleasant situation and communicating to subscribers their dwindling faith in Satyam's management. Unfortunately, the situation was much worse than anybody had dreamed. Outright fraud, after all, is pretty extreme, although it does happen. Enron and Worldcom, not to mention Bernie Madoff, all spring to mind.

I know my colleagues at Stock Advisor earnestly try to find good companies with stellar management teams. That's part of the Stock Advisor mission. Unfortunately, there are some things nobody could have known -- I mean, who was to say that the $1 billion in cash Satyam claimed to have did not exist. Most of us, after all, do trust that auditors are doing their jobs and that corporate balance sheets aren't embellished with downright lies.

If there's one thing this story underlines for me, though, it's that we investors must always keep our minds open to risk. Of course, international companies have their fair share of it, such as cultural differences and possibly different or lax regulatory or auditing standards, but they are not alone in that.

Since last week, several Satyam executives have been arrested (including Raju), the company now has a new board of directors (appointed by the Indian government), and the stock has again commenced trading here in the U.S. -- at just a buck and change per share, down 85% or so from Tuesday's close. In addition, it looks like the U.S. is not the only one looking to bail out beleaguered companies after managements make grievous mistakes. The Indian government is examining how it can help Satyam.

Don't ignore risk
I have often been accused of being a "cheerleader" for stocks I believe in, like Whole Foods Market (Nasdaq: WFMI) and Starbucks (Nasdaq: SBUX). However, I at least try to challenge myself to address the risks or call out stupid decisions that management at my favorite companies sometimes make.

For example, I recently pondered Whole Foods' increasing levels of risk, even though it's a company I still ultimately believe in. I also recently discussed the importance of fully addressing risk by digging into Crocs' (Nasdaq: CROX) Form 10-Q, which brought up some red flags I thought shareholders should know about. There's a reason why companies are required to list risk factors in their SEC filings, and investors shouldn't underestimate the significance of the elements companies must disclose.

Addressing risk, even in companies and stocks we like, is not a sign of weakness, but of strength. It's what every investor should do when considering buying a stock.

Satyam is a terrible, disappointing situation. Despite unease about management, it seems to me the full extent of the ugly truth would have been very difficult, if not impossible, to see ahead of time. But let's not give up on the quest for truth, even while remaining aware that sometimes we just can't foresee certain outcomes. Finally, let's always remember, every company has risks, many in plain sight, and they must be adequately weighed.

[reifenmaler]

Binn mal eingestigen ( lemmingverhalten ) !

Meint ihr es könnte morgen noch rauf gehen ??
Und wieso ging es in D rauf , und bei den Ammis senkrecht nach unten ?????

Hätte mich vorher mal schlau machen sollen !
mfg. der wo mit augenzu durch

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.358.795 von reifenmaler am 12.01.09 20:48:38

willkommen.
mit etwas glück geht es hier erst mit einer erholung los.

[reifenmaler]

Antwort auf Beitrag Nr.: 36.358.839 von fliesenbatscher am 12.01.09 20:54:14

Höhrt sich gut an ! Un was ist mit den Ammis ??

Habe im Moment nur " Risiko" Aktien im Depot , deshalb höhre ich gerne andere Meinungen !
Für mein Gewissen
mfg.m.

[eula]

NASDAQ Last Sale
1.5199


Today's High
$ 1.77
Today's Low
$ 0.78

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.358.862 von reifenmaler am 12.01.09 20:57:35

amis sind gut drauf,der usa kurs müßte bei 1,40 dollar liegen,
gehen wir heute höher,dann rechnen die amis damit,das es morgen in indien weiter hoch geht.

[trade_off]

Antwort auf Beitrag Nr.: 36.358.795 von reifenmaler am 12.01.09 20:48:38

Ich denke, es kann in Indien morgen bzw. heute (Ortszeit) durchaus nochmal etwas hochgehen. Das Problem ist wie gesagt nur, dass wegen der großen Zeitverschiebung für die USA dann erst mal wieder nur der Schlusskurs zählt.

Ich finde es nur sehr schade, dass in Indien schon so lange gehandelt wurde, bevor "hier" auch wieder ein Handel möglich war, da war sehr viel mehr drin

Naja, solange noch die Phantasie da ist, ist kurzfristig einiges möglich, natürlich aber mit sehr hohem Risiko.

Keine Kaufempfehlung, nur meine Meinung.

[Dragon25]

Antwort auf Beitrag Nr.: 36.358.945 von trade_off am 12.01.09 21:07:40

Hier ist noch viel mehr drin. Man muss ja sehen von wo die kommt. Wird erst einmal ein paar Tage grün sein. Ganz normal. Gegenreaktion.

[trade_off]

Antwort auf Beitrag Nr.: 36.358.992 von Dragon25 am 12.01.09 21:14:58

Ja, deswegen habe ich auf der anderen Seite aber auch geschrieben, dass es schade ist, dass der Handel hier erst so spät möglich ist. Ich kann es nur noch mal wiederholen: In Indien hat sich der Kurs vom Tief letzten Freitag schon fast genau verdreifacht.

[tradepunk]

Antwort auf Beitrag Nr.: 36.359.024 von trade_off am 12.01.09 21:21:46

Kommt auf die Sichtweise an! Ich denke, "verdreifacht" stellt noch nicht viel vom zum erwartenden Rebound dar.

Bis morgen, tp

[tradepunk]

Ach so ja. Der sollte noch dazu:

[reifenmaler]

Antwort auf Beitrag Nr.: 36.359.242 von tradepunk am 12.01.09 21:55:24

Kommt jungs und Mädels ! Lasst doch mal eure kurse in % für morgen vom Stapel ! Würde mich für die Nacht beruhigen
mfg. der kranke

[TommCat1]

Antwort auf Beitrag Nr.: 36.359.483 von reifenmaler am 12.01.09 22:31:20

Etwa 38 % minus.......

[reifenmaler]

Antwort auf Beitrag Nr.: 36.359.631 von TommCat1 am 12.01.09 22:55:23

Willst mich doch nur zum heulen bringen !
Dachte es könnten nochmal 30% + werden :-(

Hoffe du hast Unrecht ! Sonst müsste ich den Rettungsschirm in Anspruch nehmen

[trade_off]

Antwort auf Beitrag Nr.: 36.359.216 von tradepunk am 12.01.09 21:52:29

Man darf sich daran aber auch nicht zu sehr festhalten, die "alten" Kurse basierten letztendlich auf falschen Tatsachen.

Es gibt durchaus Chancen, vor allem wenn man auch das Volumen in Indien und den USA anschaut, aber man sollte sich auch nie von "vergangenen" Zeiten beeinflussen lassen.

[trade_off]

Antwort auf Beitrag Nr.: 36.359.483 von reifenmaler am 12.01.09 22:31:20

Am Anfang geht es in Indien bestimmt noch mal hoch, die Frage ist nur wie wir in Indien schließen werden, wenn man in den USA handeln will.

[tgs1717]

Aktie gibt in Indien nach.
Aktuell 33 Rupien (- 4 %) = 1,02 Euro

[eula]

Last traded 32.70 *
Change -1.70 (-4.94%)
Time 13 Jan, 11:31
Volume 13941978
Prev Close 34.4
Day's H/L (Rs) 37.00 - 32.35

[eula]

Kalam resigns from governing board of Satyam's non-profit body

Hyderabad, Jan 12 (PTI) Former President A P J Abdul Kalam has resigned from the governing board of Emergency Management Research Institute (EMRI), a non-profit organisation floated by tainted Satyam Computers. Along with Kalam, several high-profile members of the governing board too resigned following the recent developments in Satyam, the EMRI said in a statement today.
The other members who have resigned include K V Kamath, former CEO of ICICI Bank, Tarun Das chief mentor of CII, Krishna Palepu of Harvard Business School, B Ramaraju former MD and CEO of Satyam and Kiran Karnik former President Nasscom, the statement said.

The resignations of these persons will be submitted for acceptance at the next meeting of governing board which will be held in the next 10 days, it said.

Former Satyam Chairman B Ramalinga Raju, who was the Chairman and member of the governing board of the EMRI, too quit the post, the statement said.

EMRI was formed in 2005 as a non-profit organisation to provide free emergency response services in PPP (public-private partnership) framework.

EMRI is currently operational in eight states including Andhra Pradesh, Gujarat, Uttrakhand, Goa.

[eula]

Infy, TCS may gain most from Satyam's misfortune

By siliconindia news bureau
Tuesday,13 January 2009, 08:43 hrs IST

Mumbai: The misfortune of the IT bellwether Satyam will enable top-notch IT leaders to touch high grounds, with Infosys keeping a firm stand among the top. Analysts believe that the firm's high reputation in high corporate governance and its U.S. listing will make it a better choice for customers.


However, the hitch to this could be Infosys' premium pricing, which some analysts said was 10-15 percent higher than Satyam's rates. This, along with a substantial customer overlap, could work in the favor of the number one IT exporter, TCS. The stocks of the Infosys shoot up by 1.7 percent after the confession of Ramalinga Raju, to end at Rs.1,187, while for Wipro and TCS it ended at Rs.243.30 and Rs.503.70. Even HCL's stocks slid by around 15 percent after the revealation, reports The Economic Times. "The senior management of Infosys has come out quite aggressively in the media on maintaining high corporate governance standards," pointed out Ascendia Consulting principal analyst Alok Shende.

Some analysts also pinpointed that there will not be only one vendor benefiting by the Satyam case. Witnessing the overlap of clients, TCS also holds a good chance of leveraging its current market position. General Electric (GE), General Motors and Citigroup are all clients of TCS as well as Satyam. Citigroup is also a client of Infosys but it is small. Infosys had stopped servicing GE because it was unwilling to compromise on its billing rates and provide services at the discounts GE was looking for.

Cognizant can also have an edge over Infosys if it emphasizes its U.S. domicile status, as opposed to Infosys which is domiciled in India. IBM and Accenture, which have a significant offshore presence, also hold a good chance of being the biggest gainers. "We consider them of tier-1 caliber in terms of offshore capabilities, but their size, stature, brand, global reputation, and high-level client relationships (particularly ACN) differentiate them, in our view, and will make them more attractive to worried clients than even the tier-1 offshore firms like INFY and WIT (Wipro)," said an analyst at Stifel Nicolaus.

[eula]

Satyam’s Raju Had Several Accounts: Report

Tuesday, January 13, 2009 at 11:03 am Unde



New Delhi: As the Satyam saga continues to unfold, more revelations are coming to the fore. Reports are now suggesting that the Income Tax Department had in early 2002 found a number of benaami bank accounts being operated by Satyam’s ex-chairman B Ramalinga Raju.

As per a news channel, the Hyderabad wing of the I-T department had even carried out search operations at many of the Satyam’s offices that year and discovered the multiple benaami accounts, opened in the name of relatives and friends and operated by Raju.

Moreover, fixed deposits amounting to nearly Rs 30 crore were found in those accounts. Those accounts were regularly used for trading in shares of Satyam Computers, which was in violation of the insider-trading norms.

Raju’s political connections also become apparent in view of the new revelations as the I-T department’s report on Raju’s benaami accounts were overlooked by the then ruling TDP in Andhra Pradesh and the NDA at the Centre.

[eula]

Satyam scam: IBM, Accenture to gain
13 Jan, 2009, 1038 hrs IST,Bloomberg

NEW YORK: International Business Machines Corp and Accenture Ltd are in a stronger position to win new contracts after the fraud at Satyam Compu
ter Services Ltd tarnished the credibility of India’s outsourcing industry.

Companies seeking to outsource some of their operations -- such as handling customer calls or testing software -- may turn to US firms in the short term as they grow wary of the risks of working with smaller companies abroad, said Moshe Katri, an analyst at Cowen and Co IBM and Accenture are the two largest US computer-services providers.

“It’s going to create a temporary or near-term crisis of confidence in the sector,” said Katri, who is based in New York. “This is really the first time this has happened in our industry.”

Satyam Chairman Ramalinga Raju’s admission that he fabricated $1 billion in cash and assets will force India to strengthen corporate-governance regulations or risk undermining an industry that took a decade to develop, Katri said.

Satyam, based in Hyderabad, writes software and manages computer systems for clients such as ArcelorMittal, the world’s largest steelmaker, and Nissan Motor Co, Japan’s third-biggest carmaker.

“This to some extent pollutes the entire industry, just gives other US and Europe-based companies another reason to be hesitant before sending business to an emerging market,” said Karl Keirstead, an analyst at Kaufman Bros in New York. “It’s the last thing the Indian outsourcing industry needs.”

weiter lesen
http://infotech.indiatimes.com/News/Satyam_scam_IBM_Accentur…

[eula]

Last traded 31.70 *
Change -2.70 (-7.85%)
Time 13 Jan, 11:43
Volume 15768758

[eula]

Satyam fiasco: What Nasscom chairman says



January 13, 2009

January 7, 2009 will be etched in the annals of India's corporate history as it brought to light one of the biggest scams in India.



It was on this day that chairman B Ramalinga Raju of Satyam Computer Services [Get Quote], considered to be one of the torchbearers of India's new economy, confessed to a corporate fraud amounting to Rs 7,800 crore (Rs 78 billion).

In a letter to the board, confessing his misdeed, Raju said: "Every attempt to eliminate the (balance sheet) gap failed. As the promoters held a small percentage of equity, the concern was that poor performance would result in a takeover, thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten."

While the existing board was subsequently dissolved, and Raju and his brother Rama Raju, and the company's chief financial officer Srinivas Vadlamani were remanded to judicial custody till January 23, the future of 53,000 employees remains in limbo.

The government on January 11 formed a new board with HDFC [Get Quote] chairman Deepak Parekh, former president of Nasscom Kiran Karnik and former Sebi member C Achuthan as the members.

How badly will the Satyam fiasco dent the image of other IT companies in India? Will the new board be able to steer Satyam in the right direction, and stabilise the future of its staff? Will it be able to infuse confidence into the minds of thousands of Satyam investors?

In an e-mail interview with Assistant Managing Editor Indrani Roy Mitra, chairman of National Association of Software and Service Companies, Ganesh Natarajan, discusses these issues. Read on. . .

How do you think will the Satyam fiasco affect the Indian IT industry? Will clients, investors shy away from Indian IT firms? Will FDI coming into India fall?

The Satyam fiasco has indeed raised serious concerns in India but the quick action of the government and the appointment of a very credible board of directors will bring back some of the lost confidence of the stakeholders -- employees, customers and shareholders.

More questions will no doubt be asked in the coming days but bold steps by the board would ensure there is no permanent blotch on corporate India's image.

How does this incident affect corporate India and India as a country?

Any adverse development has an impact on corporate India and India as a country. It is imperative that the board's actions in the next few days restore the confidence.

Is there a need to have tougher corporate governance norms?

I would not call for any knee jerk actions now as that would increase the load and lower the efficiency of companies without solving the underlying problems.

A thorough analysis of the reasons for the Satyam breakdown should be done, following which corrective action about the system of reporting and corporate governance can be initiated.

That would apply not just for Satyam but for all companies.

What about the role of auditors? How could PwC be conned for so long without becoming aware of the wrongdoings?

It is difficult to point fingers at this stage without the investigation having been completed.

All guilty parties can and will be punished once the wrongdoers are identified.

What do you feel needs to be done to stop recurrence of such frauds? What can the regulatory bodies like Sebi, government etc do?

The regulatory bodies need to identify and eliminate the root causes and ensure that any loopholes exploited by the promoter in this case are plugged for good.

How far will the world accept that this is just an isolated, one-off case?

We have done enough communications and will continue to do so with all key stakeholders to reinforce their confidence in us.

Such incidents are not uncommon -- Worldcom and Enron being much publicised cases in the Western world.

While a fall is unfortunate, it is the speed with which we pull ourselves up and continue to move ahead is critical.

The quick actions taken and the impeccable reputation of the industry over many years will reinforce the faith of the world in us.

Is there something that the Nasscom and the IT industry can do to minimise the damage and to see to it that the Indian industry continues to flourish?

We have already taken steps to ask companies to be even more transparent and offer full disclosures.

We have requested firms to desist from proactive approaches to customers or employees to lure them away.

Apart from this, we are standing by the Satyam board and the government to support them in their arduous tasks in the days ahead.

How can India now soothe the frayed nerves of investors, clients?

India has to take robust action against the wrongdoers and it has to ensure business continuity.

What kind of punishment do you think should be meted out for such a fraud?

The laws of the land will decide on this.

But the punishment should surely be strict enough to serve as a deterrent for all potential offenders.

What lessons need to be learnt from this fiasco? What is the silver lining in this dark cloud of affairs?

At this stage, there is no silver lining and the lesson to be learnt is that we should always be watchful for any frauds in our system and any wrongdoing within our companies.

Do you feel that we need different set of values to judge corporate leaders rather than just the amount of money they have?

Of course, money is hardly a measure of integrity. All corporate leaders must be measured by their ethics and values, in addition to the standards of corporate goals they achieve.

Do you think Satyam is a good acquisition possibility? Would any IT company be interested in buying out Satyam, especially to help save the 53,000 employees from joblessness?

I think any potential acquirer will want to see a clean set of accounts. That indeed would be the first step.

With Kiran Karnik, Ketan Parekh and C Achuthan as the new board members, do you think Satyam is in capable hands? Will the new board be able to steer it out of the crisis?

The new Satyam board has extremely capable hands, but the eminent gentlemen will need all the support to keep the business of Satyam solvent and running!

World Bank bars Wipro [Get Quote], Megasoft, 3 more firms -- does it mean the global powers are losing faith in Indian IT? After the Satyam debacle, will this ban from World Bank tarnish the image of the Indian IT further?

The World Bank ban is unfortunate, but is not a recent development though the disclosure was done on January 12. The ban does not indicate a loss of faith. But it is a clear wake up call for companies to be transparent in disclosures so that they continue to earn the faith of all stakeholders.

What could be done to ease the frayed nerves of Satyam's 53,000-odd employees?

There should be a clear direction from the board about the actions they propose to take to ensure continuity.

I am sure that will happen very soon since the board's first meeting has already identified liquidity as a top priority.

Photograph: Nasscom chairman Ganesh Natarajan. | Photograph: Rediff Archives

[Klee77]

Na, in welche Richtung geht's hier nun...???
Auf gutes Gelingen!

[trade_off]

Das mit dem Umrechnen scheint noch nicht ganz zu klappen, heute sind wir zur Abwechslung mal deutlich über dem Kurs in Indien.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.360.971 von Klee77 am 13.01.09 09:46:49

ich hoffe das es noch eine kleine erholung gibt.

[Klee77]

Antwort auf Beitrag Nr.: 36.360.997 von trade_off am 13.01.09 09:50:00

Ja, es wird sich wohl wieder vorrangig an USA orientiert... wie immer halt.

[trade_off]

Antwort auf Beitrag Nr.: 36.361.176 von Klee77 am 13.01.09 10:10:20

Die USA orientieren sich über kurz oder lang aber wiederum an Indien und da stehen wir bei knapp 0,96 €

[Sheep_2001]

SK Indien:

SATYAM COMP 31.25 -3.15 (-9.16%)

[tgs1717]

Antwort auf Beitrag Nr.: 36.361.738 von Sheep_2001 am 13.01.09 11:15:21

Macht umgerechnet 0,95 euro....

[fliesenbatscher]

Ergebnis der Umrechnung
Symbol Indische Rupie Wechselkurs Euro € Geldkurs Briefkurs
INREUR=X 31,15 13 Jan 0,01532 0,47720 0,01532 0,01532


0,477 x 2 aktien = 0,954

[trade_off]

Der Tagesverlauf war allerdings genau wie erwartet, anfangs noch mal hoch und dann erste Gewinnmitnahmen. Jetzt kommt es drauf an, ob evtl. Meldungen weitere Phantasie in den Wert bringen können.

[Courtier]

Könnte mir vorstellen, daß es sich loht hier auch mal
etwas Geduld aufzubringen. Satyam ist vermutlich mehr
wert, als 2 € je Aktie. Wenn hier in Zukunft die Erlöse
(die branchenüblich bei 25%, und nicht bei 3% liegen)
dort ankommen wo sie sollten, dann macht sich das auch
in der Bewertung bemerkbar.

Im Moment ist eben noch viel Unruhe im Geschehen.

[Sheep_2001]

USA Vorbörse:

Extended Hours 1.40
Last Trade -0.06 (-4.11%)

Pre-Market Change
* 11,950
Volume 07:28:49 AM
Pre Market


= 1,05€

[tgs1717]

Ist eine völlig normale Bewegung. Rauf und dann leichte Gewinnmitnahmen. Kurs wird vor Eröffnung New York deutlich anziehen. Schluss in New war 1,10 Euro und mindestens bis dahin wird die Aktie bis 15:30 anziehen. Vor Eröffnung wird alles auf eine freundliche Eröffnung deuten. Die Rallye von gestern geht heute weiter. Das bedeutet einen Schub am Nachmittag.

[Sheep_2001]

Extended Hours 1.50
Last Trade 0.04 (+2.74%)

Pre-Market Change
* 11,950
Volume 07:43:11 AM
Pre Market

[Sheep_2001]

1.51
Last Trade 0.05 (+3.42%)

Pre-Market Change
* 12,050
Volume 07:47:06 AM
Pre Market

[Deniz3]

Hat mir jemand nen tip, wo ich ins Orderbuch der Frankfurter
Börse einblicken kann (mit Bid & Ask)

[Sheep_2001]

1.38
Last Trade -0.08 (-5.48%)

Pre-Market Change
* 107,295
Volume 08:04:45 AM
Pre Market

Hmmm

@Deniz

bei deinem Broker. Wie macht ihr das eigentlich? Handeln ohne RT-Kurse und Orderbuch!

[Sheep_2001]

1.41
Last Trade -0.05 (-3.42%)

Pre-Market Change
* 257,342
Volume 08:19:58 AM
Pre Market

Schon krasses Volumen vorbörslich..

[Deniz3]

Bei meinem Broker kann ich nur Bei xetra Ask und Bid sehen, in Frankfurt aber nicht

[Eisenherz1]

Antwort auf Beitrag Nr.: 36.363.322 von Deniz3 am 13.01.09 14:23:55

schlechter Broker! wahrscheinlich kannst du auch nur in D handeln?!

[trade_off]

Zur Orientierung: Indien hat bei umgerechnet ca. 1,27 $ geschlossen.

[Sheep_2001]

[Sheep_2001]

So, bin auf der 1,20 in Frankfurt raus. KK 0,77.

Fetter Gewinn.

Viel Spass noch und danke an alle

[tgs1717]

Bitte RT FRA mit Bid and Ask... Besten Dank

[eula]

Last traded 30.35 *
Change -0.90 (-2.88%)
Time 14 Jan, 11:24
Volume 15128363
Prev Close 31.25
Day's H/L (Rs) 34.00 - 28.50

[eula]

Fraud-hit Satyam names new auditors as probe widens
Wed Jan 14, 2009 6:03am EST

By Devidutta Tripathy

HYDERABAD, India (Reuters) - India's fraud-hit Satyam Computer Services Ltd named new auditors on Wednesday, a first step by the government-appointed board as the company battles for survival after unveiling the country's biggest corporate scandal.

KPMG and Deloitte will replace Satyam's (SATY.BO) previous auditor, the Indian unit of PricewaterhouseCoopers (PWC), which said its opinions on the outsourcing firm's financial statements may be unreliable, given the revelations of fraud announced by Satyam's founder and chairman Ramalinga Raju.

India's prime minister met key ministers on Tuesday to discuss Satyam, and company affairs minister PC Gupta later said "different possibilities" were being examined.

A government bailout is key to ensuring the company has enough cash in the near term and to restoring flagging investor confidence, analysts said, noting massive job losses from a Satyam collapse could hurt the government heading into national elections expected in the next few months.

Local media have estimated the government would have to pump up to 20 billion rupees ($410,000) into the company to keep it afloat and reassure its nervous clients and employees.

Official probes into the scandal have widened after the government ordered the Serious Fraud Investigations Office to open an investigation into the more than $1 billion fraud.

Raju, his brother and the company's former chief financial officer have been charged and are in jail in the southern Indian city of Hyderabad, Satyam's headquarters.

Raju, 54, quit last week after confessing the company's profits had been falsely inflated for years.

The scandal has hit Indian stocks .BSESN and the rupee currency, as investors worried over the damage to foreign investment in Asia's third-largest economy and the once-booming outsourcing sector, a magnet for thousands of young job seekers.

"External services spending in the U.S. is already slowing as banks tighten their belts," Jacob Jegher, a senior analyst at consultancy Celent said in a note.

"Financial services firms who are considering outsourcing in foreign countries will now have an additional reason to hesitate. The risk of scandal and fraud is the last nail in the coffin."

Shares in Satyam, which counts Nestle (NESN.VX) and General Electric (GE.N) among its clients, fell 4 percent on Wednesday. Its market value has dived to about $410 million from more than $7 billion six months ago.

"We placed reliance on management controls over financial reporting, and the information and explanations provided by the management ... during the course of our audits," Price Waterhouse said in a January 13 letter to Satyam released on Wednesday.

Due to Raju's confession, the audit firm said its opinions on the financial statements "may be rendered inaccurate and unreliable." It audited Satyam from the quarter ended June 2000 to the quarter ended Sept 2008.

The scandal has also dented hopes of thousands of graduates who said they had been promised jobs by the company, a pioneer in India's software sector. Satyam has a 53,000-strong workforce. Continued...
http://www.reuters.com/article/businessNews/idUSTRE50D1D9200…

[sorby]

!

Dieser Beitrag wurde moderiert.

[fliesenbatscher]

das ist heute mal wieder ein tag.

[fliesenbatscher]

Last traded 30.35 in indien,


Ergebnis der Umrechnung
Symbol Indische Rupie Wechselkurs Euro € Geldkurs Briefkurs
INREUR=X 30,35 14 Jan 0,01542 0,46812 0,01542 0,01543


0,468 x 2 aktien = 0,936

[eula]

12:50PM Satyam Computer launches search for new CEO and CFO (SAY) 1.09 -0.22 : Co announces that its Board of Directors has launched a search to identify candidates for the positions of Chief Executive Officer and Chief Financial Officer of Satyam in order to fill the vacancies resulting from the resignations of Rama Raju, Satyam's former Chief Executive Officer, and Srinivas Vadlamani, Satyam's former Chief Financial Officer.

[trade_off]

Jetzt stehen wir in Indien aktuell umgerechnet nur noch bei knapp 0,63 € bzw. bei knapp 0,83 $, es war leider zu befürchten.

[eula]

15.01.2009 12:05
Satyam's next board meeting on Saturday-member

NEW DELHI, Jan 15 (Reuters) - Satyam Computer Services Ltd (News) will hold its next board meeting on Saturday and the company had receivables of 17 billion rupees ($347 million), a new board member said on Thursday.

'Satyam has receivables of 1700 crore rupees (17 billion rupees),' Deepak Parekh, who was appointed to the firm's board by the government on Sunday, told reporters.

He spoke before a meeting with federal Corporate Affairs Minister Prem Chand Gupta.

Asked when the next board meeting would be held, Parekh said 'Saturday'.

(Reporting by C.K. Nayak; Editing by Mark Williams) Keywords: SATYAM/BOARDMEMBER

([e-mail]; [phone]; Reuters Messaging: [e-mail])

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

[10MioEuro]

das erinnert mich hier an die Worldcom-Pleite
Also wer hier an eine Kurserholung hofft....
naja, allen Investierten viel Glück.

[eula]

mal sehen was die amis machen..
Pre-Market Graph for SAY*




heute in Bombay abverkauft..

[MagicWeasel]

SAY Satyam Computer: Govt rejects Satyam request for INR1.5 bln in funds - DJ (1.23 )


SAY Satyam Computer: Govt rejects Satyam request for INR1.5 bln in funds - DJ (1.23 )

DJ reports the Indian government said it had rejected a request by Satyam Computer Services for financial assistance of INR1.50 billion ($30.6 million) to meet payment needs, reiterating it's not considering a bailout of the software exporter currently under a probe of accounts fraud. "The government at this stage is not looking at any kind of direct assistance or bailout to Satyam. It is not under consideration at the moment," Ashok Chawla, federal economic affairs secretary, said. The secretary didn't provide a reason for the rejection, but Satyam Board Member Deepak Parekh told reporters Thursday the government had told the company that it doesn't bail out private companies. Parekh said the company plans to raise money instead by pledging assets, without providing more specific details. Chawla said the new board has to assess Satyam's funding needs and indicate whether there is a need for assistance from banks. The board plans to meet this Saturday, Parekh said. Chawla said the government had received an e-mail from former interim chief executive Ram Mynampati who noted that Satyam needed assistance to pay health insurance liabilities of its U.S. employees. "But I have been told that it has been taken care of by the company," he said, without elaborating.

[eula]

Monday January 19, 11:56 AM Source: Financial Express
Satyam opens up over 9 pct

Satyam (SATYAM.BO) Computer on Monday opened on a positive note amid Corporate Affairs Minister Prem Chand Gupta's statement that the first information about the scam-ridden company is encouraging as the company's liabilities were not much.

Shares of Satyam surged 9.20 per cent in early trade to touch an intra-day high of Rs 26.70. However, the stock was later trading at Rs 26.20, up 7.17 per cent on the Bombay Stock Exchange (^BSESN).

Similar fate was seen on the National Stock Exchange (^NSEI), the scrip touched an intra-day high of Rs 26.70, a jump of as much as nine per cent from its previous close.

It was later quoting at Rs 26.20, up 6.94 per cent. Over 1.97 crore shares were traded on both the bourses.

Meanwhile, Gupta had said, prima facie there appeared diversion of funds from scam-tainted Satyam where the facts and figures in the balance sheet are not based on correct information. He, however, said the first information about Satyam is encouraging as its liabilities were not much.

Gupta further said members of the newly-constituted board would not be held responsible for what was done by the previous board, which was disbanded by the government after the Rs 7,800-crore fraud, came to the light.

[eula]

Source: IRIS (19 January 2009)
Satyam to go ahead with SEZ plans

Satyam Computer Services is not planning to dump its Rs 3.70 billion special economic zone (SEZ) projects and will go ahead with the plans only if required.

Work is in progress in 4 SEZs in Tamil Nadu, Karnataka and Maharashtra and the company was about to submit its proposal for clearance of 26 acres land in Gandhinagar to the Gujarat government before Satyam`s (Q, N,C,F)* Rs 78 billion fraud.

Both Chennai and Nagpur SEZ projects would need investment of Rs 1 billion each. Recently, the government-owned MMTC decided to withdraw from equity participation in a firm to be promoted by Satyam-linked Maytas group for setting up a multi-services SEZ.

Shares of the company gained Rs 1.15, or 4.7%, to trade at Rs 25.60. The total volume of shares traded was 14,432,583 at the BSE (1.37 p.m., Monday).

[eula]

Satyam to appoint bankers to find buyer: report
Sun Jan 18, 2009 11:10pm EST

MUMBAI (Reuters) - The new board of fraud-hit Satyam Computer Services Ltd is looking to appoint up to three investment banks to explore the possibility of finding a buyer for the Indian outsourcer, the Economic Times reported on Monday.

It said Goldman Sachs, JPMorgan and Deutsche Bank were under consideration and a final decision is likely this week, the newspaper said, citing unnamed people familiar with the development.

A government-appointed six-member board, which met in the southern city of Hyderabad on Saturday, has decided to talk directly to Satyam's big overseas clients to calm their concerns in the wake of the country's worst corporate scandal, it said.

The board will begin calling key clients including General Electric, American Express, Citigroup, it said.

A Satyam spokeswoman said on Monday U.S.-based insurer State Farm Insurance Co has terminated its contract, confirming a report in the Mint newspaper.

Satyam, India's No. 4 software services exporter, has been battling for survival since Ramalinga Raju resigned as chairman earlier this month, revealing profits had been falsified for years and that $1 billion of cash on the books did not exist.

On Sunday, a metropolitan court ordered the former chairman, managing director and chief financial officer of Satyam to be taken into police custody for four days from Sunday.

Separately, the Economic Times said engineering and construction firm Larsen & Toubro Ltd, which holds about 4 percent of Satyam, was interested in acquiring the company.

"I don't want to be a mute spectator to Satyam's value being eroded. If we can't play an active role, we wouldn't want to take a board position," the newspaper quoted Larsen's chairman A.M. Naik as saying.

(Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan and Jean Yoon)

[teresas]

Aus dem Handelsblatt vom 15.1.:

"Die meisten Analysten gehen davon aus, dass Satyam nicht untergeht und von der Regierung notfalls gestützt wird. Ziel sei es, das Vertrauen in die indische IT-Branche nicht weiter zu untergraben..."

Alles deutet darauf hin, daß die indische Regierung ihr IT-Aushängeschild und dadurch das Ansehen der indischen IT-Branche nicht aufgeben wird. Zuviel Vertrauen hängt am Fortbestand von Satyam.

M.M.n. eine sehr gute Kaufgelegenheit.
Satyam ist für Indien die Banken der Amerikaner.

[teresas]

Am (vorletzten) Wochenende hatte die Regierung in Neu-Delhi das alte Führungsgremium aufgelöst und erste Mitglieder für ein neues Board benannt. Dem neuen Management gehören mit C. Achuthan ein früheres Mitglied der indischen Börsenaufsicht Sebi und mit Kiran Karnik ein früherer Präsident des indischen IT-Branchenverbands Nasscom an.


Geschrieben von Tim Cole on 08 Jan 2009 at 05:15
"Daran ändert Satyams Zusammenbruch gar nichts, zumal der Konzern mit Sicherheit entweder en bloc oder en detail von der Konkurrenz gekauft und weitergeführt wird. Dazu sind die bestehenden IT-Prozesse der Kunden viel zu eng mit Hyderabad verflochten. Dem Vernehmen nach haben sich auch bereits die ersten ausländischen Kunden mit vertraulichen Solidaritätsadressen an ihre Satyam-Kollegen gewandt, nach dem Motto: „Wir halten Euch die Stange – egal was kommt!“

[beam]

aus: The Canadian Press

Satyam founder inflated staff numbers, siphoned US$1 billion, prosecutor says

2 hours ago

HYDERABAD, India — The disgraced founder and former chairman of Satyam Computers Services Inc. used his elderly mother's name to siphon US$1 billion from the company and drastically inflated the number of employees to divert funds, a prosecutor said in court Thursday.

The allegations cast serious doubt on B. Ramalinga Raju's claims that the massive fraud was an elaborate attempt to keep the company afloat and that he did not personally benefit from the scandal.

Prosecutor Ajay Kumar also said Raju was involved in as many as 400 suspicious land deals in the south Indian state of Andhra Pradesh, where Satyam is based.

In the hearing in Hyderabad, the state capital, Kumar asked the judge to extend the custody of Raju and two other Satyam executives, who have been arrested on charges including cheating and forgery, because the investigations were ongoing.

"We have to find out where exactly the company funds were diverted and in whose name they were diverted," Kumar said.

A lawyer for Raju, Ravinder Reddy, said the three Satyam executives - Raju, his brother B. Rama Raju, former chief executive, and Srinivas Vadlamani, former chief financial officer - should be released on bail because they had already undergone extensive interrogations.

A judge was expected to make a decision later Thursday.

Kumar also said that Raju's claims that Satyam employed 53,000 people were exaggerated, and the company's true work force was 43,000.

"Every month an amount of ($4 million) was being drawn in the name of nonexistent employees," said Kumar.

Kumar also said large amounts of Satyam shares were improperly transferred to Raju's mother, Appalla Narasamma, and a younger brother, Suryanarayana Raju.

On Jan. 7, Raju confessed to doctoring the company's books for years, fabricating, among other things, $1 billion in fictitious cash deposits. He claimed he did not benefit from the fraud.

The government has appointed a board of six people to hire new auditors and find new management in an attempt to keep the struggling company afloat.

[eula]

Satyam may name new chief; bidders circle - reports
Fri Jan 23, 2009 10:04am IST

MUMBAI (Reuters) - Satyam Computer Services Ltd, India's fraud-scarred outsourcing firm, may name a new leadership team later on Friday, local media reported, after a two-day meeting of the company's new government-appointed board.

As the board sifts through the wreckage of the country's biggest corporate scandal, potential bidders are reportedly circling the software services exporter, attracted by its large workforce and diversified global clientele that includes Nestle and General Electric.

U.S.-listed iGate Corp is interested in taking over some of Satyam's businesses, the Business Line newspaper said.

iGate, which provides information technology and outsourcing services, sent a proposal to Satyam two weeks ago, the newspaper said, quoting the firm's CEO Phaneesh Murthy.

"I'm still waiting to hear from the new board of Satyam," Murthy told the paper, adding he was in touch with two private equity players to bring in cash.

"I believe the liabilities Satyam has would be in the range of $1.2 billion to $1.5 billion. So, if the management sold parts of Satyam to different vendors then suitors like us would be taking the assets and not the liabilities," the newspaper quoted Murthy as saying.

iGate on Thursday posted lower-than-expected fourth-quarter earnings, but said it would pay its first annual dividend.

Satyam's six-man board has been meeting in Hyderabad to look at how to secure emergency funding to tide the company over and pay staff.

Prosecutors allege that Satyam's disgraced ex-chairman B. Ramalinga Raju inflated staff numbers by 13,000 and siphoned off at least 12 billion rupees ($244 million).

Public prosecutor K. Ajay Kumar told a Hyderabad court on Thursday that Satyam had only 40,000 employees, not the 53,000 it has claimed, and the fictitious staff were used to transfer funds from the company.

Kumar said investigators had found forged fixed-deposit statements and other bank documents, and needed more time to see if money had been used to buy land.

Raju's defence lawyer, Bharat Kumar, told the court the claims were false.

Satyam, India's fourth-largest software services exporter, has been battling for survival since Raju resigned earlier this month, revealing profits had been falsified and $1 billion in cash on the books did not exist.

The company's board has met officials from four multinational banks to discuss the feasibility of loans to keep the company going, the Business Standard said, citing sources close to the development.

http://in.reuters.com/article/topNews/idINIndia-376135200901…

[eula]

[Alemanninio]

Wie ist denn eigentlich der Umrechnungskurs in Euro?. Habe irgendwie das Gefühl, dass Frankfurt unter pari handelt....

Danke

[sharelockhomes]

Antwort auf Beitrag Nr.: 36.433.369 von Alemanninio am 23.01.09 10:29:44

Da liegst du völlig richtig.

Aktueller Umrechnungskurs (Quelle: http://de.finance.yahoo.com/waehrungsrechner/convert?amt=1&f…

Ergebnis der Umrechnung
Symbol Indische Rupie Wechselkurs Euro € Geldkurs Briefkurs
INREUR=X 1 23 Jan 0,01583 0,01583 0,01583 0,01584

Letzter Kurs in Indien war, so weit ich das sehen kann, 38,85. Da die in D gehandelten Aktien jeweils 2 indischen entsprechen, ergibt das einen Parikurs von ca. 1,23 Euro!

Werde wohl nochmals nachlegen, bevor sich das herumgesprochen hat.
Wir können natürlich nur hoffen, dass New York uns später keinen Strich durch die Rechnung macht.

[beam]

Schlusskurs in Indien etwa € 1,23 bei 314 Mio. umgesetzten Aktien. Es wird auf eine niedrigere Eröffnung an der NYSE spekuliert, aber ob das die rund 15% (letzter € 1,06) werden??

Arbitrageure scheint es keine zu geben! Leerverkäufe sind in Indien wohl noch zu teuer, da in USA und Europa ja ein anderer Basiswert (ADR) gehandelt wird.

Aber Musik ist drin!!

[beam]

Thomson Financial News
India's L&T raises stake in Satyam to 12 pct - CFO
01.23.09, 07:26 AM EST
pic

MUMBAI, Jan 23 (Reuters) - Engineering and construction firm Larsen & Toubro Ltd has raised its stake in troubled software firm Satyam Computer Services Ltd to 12 percent from 4 percent, L&T's chief financial officer told Reuters on Friday.

'We bought it today. I don't have the exact average price but you can calculate. There is a lot of corporate activity going on. We want to make sure our interests are covered,' Y.M. Deosthalee said.

'We are not asking for a board seat at the moment.'

(Reporting by Prashant Mehra & Janaki Krishnan; Editing by John Mair) Keywords: SATYAM/LARSEN

([e-mail], [phone]; Reuters Messaging: [e-mail])

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.

[mrfriendly]

sieht toll aus hier,
wenn das Geschäft "normal" weiterläuft, genügend cash vorhanden ist und evtl. Klagen abgearbeitet sind, gibt es mittelfristig keine plausible Begründung für das aktuelle Kursniveau.
Denke 5 Euro könnten mittelfristig drin sein, würde einen stop auch auf die Gefahr eines größeren Verlustes erstmal raus lassen. Deshalb glaube ich an eine Kurschance von 200% oder mehr bei kalkulierbarem Risiko.... ist aber leider nur meine Einschätzung

[mrfriendly]

könnt ihr mir mal kurz erklären, wie das mit dem Umrechnen klappt?
38,85 indonesische Rupien sind doch bloss ,0025 Euro...auch mit dem Faktor 2 komm ich da hinten und vorne nicht auf den Kurs in D/Amiland.
thx

[mrfriendly]

Antwort auf Beitrag Nr.: 36.445.160 von mrfriendly am 25.01.09 16:51:19

bitte um Entschuldigung & nehme Frage zurück,
habe mit ner falschen Währung gerechnet.
Schönen Abend noch

[eula]

Satyam's Rs 5,000cr cash disappeared in a quarter
26 Jan 2009, 1400 hrs IST, PTI

NEW DELHI: Bank statements show that Satyam had funds of over Rs 5,000 crore as of September 2008, but by January 2009 when company founder
Ramalinga Raju admitted to fudging accounts the IT firm could have been left with just Rs 200 crore of maturable fixed deposits.

The scam-tainted firm had short-term or long-term fixed deposits of over Rs 3,300 crore, and another Rs 300 crore of accrued interest, in addition to current account deposits of over Rs 1,800 crore, as per the last auditing done by Price WaterHouse for the quarter ending September 2008.

The company is believed not to have made any term deposit after mid-February 2007, though it did make a few short-term or margin money deposits, amounting to about Rs 10 crore till September 2008.

The auditing was done on the basis of statements sent by a host of banks detailing the fixed long-term deposits, along with maturity, ranging between October 2008 and February 2009.

With such a cash and deposits position, the IT company should not have had any worry on the cash front and a concern to mobilise resources for the payment of salaries to staff.

In his statement on January 7, Raju had said that he was disclosing the manipulation of accounts after failing in his last-ditch effort to salvage Satyam through acquisition of the two Maytas firms on December 16.

However, the bank statements, on which PWC relied for the auditing, reveal that more than 90% of the total deposits had matured by January 7.

Price WaterHouse, whose two top officials were arrested by Andhra Pradesh Police yesterday, is understood to have prepared its defence on the basis of these documents, besides foreign exchange earnings and receivables of Satyam, as per the export clearance documents of Software Technology Parks of India.

According to the available information pertaining to deposits of the company, Satyam had a total long-term deposits of over Rs 3,300 crore for maturity during the October- February period, while its short-term deposits to mature till October 2011 were about Rs 10 crore.

According to the statements, deposits were largely held with HDFC Bank, HSBC, ICICI Bank, BNP Paribas and Citibank, while the current accounts were mostly with Bank of Baroda.

PW officials are understood to have given these documents to probing agencies to make clear their role while maintaining that they had gone by the book for the purpose of auditing.

While no comments could be obtained from PW on the details of the bank deposits and cash position with the company, sources in the know said that it would be impossible to forge all the bank statements that were addressed to the auditor but procured by the Satyam management for auditing.

After arrest of its two partners yesterday, the auditing firm said it has fully cooperated over the last fortnight in all inquiries and "has provided all the documents called for by the Indian authorities" and promised continued cooperation.

"We greatly regret that two Price WaterHouse partners have been detained today for further questioning. We do not know the basis for them being detained," said a statement from Price Waterhouse, the statutory auditors of Satyam Computer.

PW's Chief Relationship Partner S Gopalakrishnan and Engagement Leader Srinivas Talluri are now in judicial custody pending investigation.

[eula]

Satyam board to meet on Jan 27
26 Jan 2009, 1349 hrs IST, PTI

HYDERABAD: The six-member board of Satyam will meet on Tuesday instead of Monday. "There will be no board meeting today... the board will meet
tomorrow," a Satyam spokesperson said, declining to give any reason for deferring the meeting.

The new Satyam board was to finalize the issues pertaining to appointment of a CEO and a CFO, besides working capital arrangement.

[Alemanninio]

Morgen wird also ein richtig spannender Tag bei Satyam. Ein neuer chef und hoffentlich die Finanzierung bis Ende März.
Risikofreudige decken sich heute noch ein....

[mrfriendly]

Guten Morgen,
sehe bei finance.yahoo noch keinen neuen Kurs, war die Aktie heute in Indien ausgesetzt bzw. ist dort ein Feiertag?
thx

[Alemanninio]

Heute ist Feiertag in Indien; also auf USA warten

[mrfriendly]

Antwort auf Beitrag Nr.: 36.448.196 von Alemanninio am 26.01.09 11:44:35

danke schön

[Alemanninio]

Kurs sieht ja schon wieder sehr erfreulich aus heute.

Wollen mal hoffen, dass morgen ein neuer chef präsentiert wird und die Finanzierung sichergestellt sein wird.
Mehr und mehr hat man das Gefühl, dass der Kurssturz der vergangenen Wochen übertrieben gewesen ist

[Alemanninio]

Übernhamegerüchte:

L&T front runner for Satyam - Report
BS reported that institutional shareholders such as Life Insurance Corporation of India and ICICI Prudential Life Insurance are supporting engineering behemoth Larsen & Toubro’s move to acquire troubled software exporter Satyam.

Informed sources said that as the first step, L&T is expected to present a revival proposal before the newly constituted board of Satyam soon. Currently, L&T convened its board meeting to discuss its nuclear foray and chances of buying Satyam. The board member representing LIC, a major shareholder of L&T, also attended the meeting. However, an L&T spokesperson said that Satyam was not on the agenda today.

A source, however, said that “L&T is looking to submit a revival proposal for Satyam, highlighting the credibility of the brand Larsen & Toubro. Traditionally, L&T is an employee friendly company and that will help retain the Satyam employees. The company's financial strength will also help Satyam raise funds for its working capital.”

Sources said that L&T has not yet approached foreign financial institutions. The engineering giant, however, expects support for its revival proposal from Fidelity, Lazard and JP Morgan.

As per report, LIC holds 4.34% in Satyam. After the software company's share price fell in January, the government owned insurer raised its holdings 1.43% through open market purchases. In almost the same period, L&T Finance also bought 4% stake in the firm. According to the December shareholding pattern, ICICI Prudential Life Insurance holds 2.87% in Satyam. Other financial institutions that have shares in Satyam include Fidelity, Lazard and JP Morgan.

(Sourced from Business Standard)

[KlausStoertebeker]

.....wollte hier am 18.01. zu 0,76 einsteigen, hab es dann aber wegen voller Hose gelassen...oh manman....Glückwunsch allen die es gewagt haben...Gruß ST

[ribey1308]

Antwort auf Beitrag Nr.: 36.451.167 von KlausStoertebeker am 26.01.09 17:38:12

Mir geht es genau wie Dir.Hatte an dem Tag doch nicht den Mut.Ist schon ärgerlich.Überlege ob es noch Sinn macht ,zuzusteigen.Oder ob der Kurs noch einmal auf 1,10 E zurück geht.

[ribey1308]

Habe mir die Zeit genommen und habe mich hier und auch im Ihub durgelesen.Wenn man überlegt ,wo die Aktie vor einem Jahr stand ,und dann vor kurzem noch einmal so richtig abstürzte , ist hier sehr viel Phantasie drin.Bin sehr gespannt auf morgen welche News zwecks Finanzierung herauskommen,und natürlich auf die Kursbewegung.

[ribey1308]

Antwort auf Beitrag Nr.: 36.453.688 von ribey1308 am 26.01.09 23:01:51

sorry , sollte natürlich durchgelesen heißen.

[Wirhabendochkeinezeit]

in Indien bei 46,70 Rupien , kann das mal einer schnell umrechnen,danke !!!

[ribey1308]

Antwort auf Beitrag Nr.: 36.454.962 von Wirhabendochkeinezeit am 27.01.09 10:03:18

46,70 INR = 0,73 Euro




1 INR = 0,01572 EUR
1 EUR = 63,62942 INR

[ribey1308]

Dienstag 27. Januar, 11:49 Uhr ET

Satyam Appoints Goldman Sachs and Avendus as Investment Bankers Satyam ernennt Avendus und Goldman Sachs als Investment Bankers


- Short-term liquidity secured; payment of January salaries confirmed - Kurzfristige Liquidität gesichert, die Zahlung der Gehälter Januar bestätigt

- Boston Consulting Group tapped as Management Advisors - Boston Consulting Group erschlossen als Management Berater

[ribey1308]

Antwort auf Beitrag Nr.: 36.457.354 von ribey1308 am 27.01.09 14:49:02

O,73 E mal 2 Aktien Schlußkurs in Indien.

[ribey1308]

Schlußkurs bei den Amis


1,90 USD = 1,44 Euro




1 USD = 0,75907 EUR
1 EUR = 1,31741 USD

[Bionda04]

Antwort auf Beitrag Nr.: 36.460.872 von ribey1308 am 27.01.09 22:11:46

hallo ,
wie sieht die zukunft hier aus nachdem ich meine verkauft hage, habe ich auch keine news gelesen

[ribey1308]

Antwort auf Beitrag Nr.: 36.460.895 von Bionda04 am 27.01.09 22:14:20

schau mal u.a. unter Finanznachrichten.de nach ,

hier ist zb ein Posting aus dem ihub,dort ist man sehr positiv gestimmt




Posted by: Duffau Geschrieben von: Duffau Date: Tuesday, January 27, 2009 3:09:34 PM Datum: Dienstag, 27. Januar, 2009 3:09:34 PM

SAY - 6 X banger. H - 6 x banger.

Companies are lined up to buy this jewel. Unternehmen reihen sich dieses Schmuckstück zu kaufen. L&T has increased their share to 12% and wants more. L & T hat sich ihr Anteil auf 12% und will mehr. Others are in talks to buy the company. Andere sind im Gespräch, das Unternehmen zu erwerben.

Today, the ex-chairman denied that employee numbers were inflated and the new board has confirmed that there were really over 50,000 employees. Heute ist der Ex-Vorsitzende bestritt, dass die Zahl der Mitarbeiter erhöht und der neue Vorstand hat bestätigt, dass es wirklich mehr als 50000 Mitarbeiter. Also the January salaries will be paid from on-hand company cash. Auch der Januar-Gehälter wird aus der Hand Cash. This is looking better all the time. Das ist besser sich die ganze Zeit.

The company is really a goldmine and will bring at least 5 times pps. Die Firma ist wirklich eine Goldgrube und bringen mindestens 5-mal pps




this is gonna blew up in a take-over race, back to 10$ Dies ist gonna explodierte in einer Übernahme der Rasse, der wieder auf 10 $

[ribey1308]

Guten morgen an alle,

fängt ja schon schön für Satyam an ,weiter so.


Auf einen grünen Tag


Lg Ribey

[ribey1308]

Gibt es noch jemand hier an Board ,oder sind alle nach dem ersten Hype weitergewandert!?

[ribey1308]

28.01.2009 Wednesday The Times of India


MUMBAI: Beleaguered Satyam Computer on Wednesday surged as much as 17% on the Bombay Stock Exchange after the company's board took a step ahead to
arrange funds for the tainted IT firm.

Shares of Satyam opened on a firm note and touched an intra-day high of Rs 55.15, up 16.96% on the BSE.

The six-member board of the IT firm had on Tuesday ruled out selling portions of the company's business, even as it appointed a management advisor and two investment bankers for the company to show the way forward.

The board appointed Goldman Sachs and Avendus as investment bankers, which will explore various strategic options that will include identifying strategic investors and obtaining Expressions of Interest.

Similarly, on the National Stock Exchange, the scrip traded on the positive territory to touch a high of Rs 55.25, up 16.93%. Over 11.50 crore shares changed hands on the bourses.

"A sale of parts of Satyam at this stage would be contrary to the mandate of regulating the affairs of Satyam as a going concern as stipulated by the government. It is, therefore, not an option evaluated by the company," Satyam Board member T N Manoharan said.

The company said it has also appointed Boston Consulting Group as management advisor to support the directors and leadership team. A three-member dedicated team from BCG would work closely for the revival of the company.

Satyam was later quoting at Rs 52.30, up 10.92% on the BSE and at Rs 52.05, up 10.16% on the NSE.

[marterpfahl]

Antwort auf Beitrag Nr.: 36.462.912 von ribey1308 am 28.01.09 10:49:33

Bisher nur stiller Genießer (seit 0,77 cent)
So langsam geht es richtig los!
Der indische Wirtschaftsminister hat wohl soeben verkündet,
dass 2 Personen für CEO und CFO gefunden wurden, die
sich aber noch absichern möchten, für die Sünden der Vergangenheit
nicht einstehen zu müssen.
+18 % derzeit.
siehe: http://www.moneycontrol.com/india/news/news/satyam-board-sel…

[ribey1308]

Antwort auf Beitrag Nr.: 36.462.948 von marterpfahl am 28.01.09 10:55:24

Super Einstiegskurs,hatte auch zu dem Zeitpunkt einen Tip bekommen und habe dummerweise, was ich sehr bereue ,nicht sofort reagiert ,weil ich zu diesem Zeitpunkt zuwenig über Satyam wußte.

[Wirhabendochkeinezeit]

SK 55,45 Ind. Rupien, Höchstkurs 56,00

Umrechnung per Kurs 28.1. : 56,00 mal 0,01542= 0,86357

0,86357 mal 2= 1,73 EUR

Kurs ,13 EUR unter pari !!!!!

[marterpfahl]

Homi Khusrokhan, former Managing Director of Tata Chemicals, is said to be the frontrunner to head troubled IT major Satyam Computer Services, reports CNBC-TV18 quoting sources. The market has been abuzz with names of leading executives who could head the IT company.

The market has been abuzz with expectation over who the next chief executive officer (CEO) and chief financial officer (CFO) for Satyam will be. After its erstwhile chairman B Ramalinga Raju admitted to a Rs 7,000 crore fraud and was jailed, the government sacked the Satyam board and appointed six nominees on the board of Satyam to head the radarless company.

In an exclusive interview to CNBC-TV18, Tarun Das, a director on the newly-constituted Satyam board, gave hints that the possible candidate could be someone who has been associated with the Tata group for years. “Who knows?” Das said, when asked if it was someone from the Tata Group. “The Tatas have 92 companies. So, one never knows where the Tata brush has got spread. Tata certainly is a group that all of us in the board respect enormously. We respect their value system, we respect their professionalism. It is certainly a group where you would look there or around there for the best people in the country,” he hinted.

“I hope [to announce the names of the CEO and CFO] over the next few days,” Das said.

The Minister of Corporate Affairs too had said the hunt for CEO was over. Refusing to name the candidates, the minister said the two candidates had sought legal immunity. “There are cases pending in different courts [against Satyam] and they want some protection so that in case of liabilities, they are not held responsible."

Gupta added that both candidates were not from Satyam but "from the industry". He added, "The person who has been identified for the post of CEO... has a vast experience of running large MNC and national companies in India."

Nach acht Tagen stetigen Kursanstieges könnten noch weitere folgen!

Viel Glück allen
marterpfahl

[sorby]

Wenn das kein gutes Zeichen ist:

"On Wednesday, FID FDS Mauritius bought 9,243,601 shares at Rs 54.47 a share and Fidelity bought 7,886,394 shares at Rs 52.18 a share of Satyam Computer Services at the National Stock Exchange (NSE)."

Quelle:finanznachrichten.de

[marterpfahl]

Hallo Sorby

diese news hatte ich auch gerade gefunden.
Gerade Fidelity sollte gut recherchiert haben.
In Amiland wird der Kurs wohl sehr stark unten
gehalten, wer weiß warum.

Gute Nachkaufgelegenheit!

Viel Glück
marterpfahl

[ribey1308]

Antwort auf Beitrag Nr.: 36.467.189 von marterpfahl am 28.01.09 17:29:03

Bei den Vorgaben wundere ich mich auch ,das sich hier nicht mehr tut,hatte zumindest mit 1,75E gerechnet.Aber wie Du schon schreibst,wer weiß warum.Schließlich haben wir heute noch einige Stunden vor uns und da kann viel passieren,siehe Nortel, um 16.00Uhr.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.467.358 von ribey1308 am 28.01.09 17:44:09

ich denke die aktie ist süper gelaufen,
da will keiner mehr einsteigen,
jetzt werden erst mal aktien gekauft,wo das risiko nicht so groß ist,

kann auch alles anders kommen

[eula]

[eula]

[ribey1308]

Antwort auf Beitrag Nr.: 36.467.406 von fliesenbatscher am 28.01.09 17:48:13

Du hast schon recht, die ersten 100 % im Penny/Cent Bereich sind immer schneller zu verdienen wie die nächsten 100%. Hier dürfte zumindest bis zu 3 USD noch etwas drin sein.

[ribey1308]

Antwort auf Beitrag Nr.: 36.467.524 von ribey1308 am 28.01.09 17:56:51

In kurzer Zeit,eventuell doch mehr, wenn die richtige News kommt ,dann geht es schnell up.

[ribey1308]

Wednesday, January 28, 2009, 1:13pm PST | Modified: Wednesday, January 28, 2009, 2:03pm


Igate eyes pieces of rival SatyamSan Francisco Business Times - by Eric Young


Outsourcing company Igate Corp. said it would consider a bid for rival Satyam Computer Services Ltd. if the board of that beleaguered Indian company opts for a sale.

“I told them that if they are going down the path of splitting the company up we would be particularly interested,” said Phaneesh Murthy, CEO of Fremont-based Igate. “There may be interesting assets we would love to get our hands on.”

Igate has not made a formal offer.

[marterpfahl]

Gewinnmitnahmen heute in Indien?

[ribey1308]

Antwort auf Beitrag Nr.: 36.471.111 von marterpfahl am 29.01.09 09:03:46

Damit kann man leben,wenn es danach wieder in den grünen Bereich geht.

Zur Zeit Stand in Indien 50,35 Rupien.

Bin sehr Optimistisch und warte auf die richtige News.

Nach wie vor ,alle bisherigen Berichterstattungen positiv.

Allen einen schönen Tag

[teresas]

Antwort auf Beitrag Nr.: 36.471.203 von ribey1308 am 29.01.09 09:16:46

Auf diese News warte ich auch.
Viele abgestürzten Firmen sind nach wenigen Tagen wieder gestiegen. So wie hier. Ist aber mMn erst der Anfang.
Und hier spielt auch noch das politische Image Indiens eine Rolle. Deutschland würde auch nicht VW, Audi oder BMW fallen lassen.

[tflores]

Antwort auf Beitrag Nr.: 36.471.111 von marterpfahl am 29.01.09 09:03:46

Futures rot, Panikverkäufe?

[ribey1308]

Antwort auf Beitrag Nr.: 36.473.009 von tflores am 29.01.09 12:38:43

Warum sollten Panikverkäufe da sein ,bitte auch begründen ,wenn Du so etwas schreibst.

[ribey1308]

Modi keen to buy Satyam
30 Jan 2009, 0008 hrs IST, TNN

Print Email Discuss Share Save Comment Text:



NEW DELHI: B K Modi-led Spice group on Thursday made an expression of interest to acquire Satyam Computer. Confirming this, a spokesperson said the
group has given a letter of expression of interest for the company.

Prior to this, L&T has also given a letter expressing their interest in taking over the company.

The Spice group recently sold their telecom business and is looking for some new business to enter. The official said that the group is in the businesses of entertainment, BPO, IT, retail and mobile handset. The source, however, declined to comment on present holding of Spice group in Satyam


Modi wollen kaufen Satyam
30 Jan 2009, 0008 Uhr MES



New Delhi: BK Modi-Spice-Gruppe führte am Donnerstag, die ein Ausdruck von Interesse zu erwerben Satyam Computer. Bestätigt, wird ein Sprecher sagte, die
Gruppe hat einen Brief mit der Interessenbekundung für das Unternehmen.

Davor, L & T hat auch einen Brief geben, ihre Interesse an der Übernahme des Unternehmens.

Die Spice-Gruppe vor kurzem verkauften ihre Telekom-Unternehmen und ist auf der Suche nach neuen Geschäfts zu geben. Die offizielle, sagte, dass die Gruppe ist in den Unternehmen der Unterhaltungs-, BPO, IT-, Einzelhandels-und Handy. Die Quelle, jedoch sank zur Stellungnahme über die derzeitige Haltung von Spice-Fraktion im Satyam

[teresas]

Antwort auf Beitrag Nr.: 36.477.649 von ribey1308 am 29.01.09 22:12:29

Kam die Info nachbörslich?
Kenne mich mit den Zeiten nicht aus.

[teresas]

Antwort auf Beitrag Nr.: 36.478.502 von teresas am 30.01.09 07:05:34

India's Spice Group ready to put $408 mln in Satyam


Fri Jan 30, 2009 12:05am EST


http://www.reuters.com/article/marketsNews/idINBMA0022832009…

[teresas]

Von mir aus kann die Übernahmeschlacht beginnen:

Ob Spice Group oder L&T ist mir eigentlich egal. Aber zwei Interessenten sind immer noch besser asl einer !!

Larsen & Toubro Limited (L & T) ist Indiens größte Engineering und Bau Konglomerat mit zusätzlichen Interessen in Electricals, Elektronik und IT. Eine starke Kunden-Fokus-Ansatz und ständige Suche nach Top-Qualität haben es ermöglicht, L & T zur Erreichung und Aufrechterhaltung Führungsposition über 6 Jahrzehnten. L & T bietet eine Premiere Marke in Indien und seine internationale Präsenz ist auf dem Vormarsch, mit einer weltweiten Ausbreitung von mehr als 30 Niederlassungen und Joint Ventures mit führenden Politiker der Welt.

[ribey1308]

Tarun Das, Member, Satyam board, and Chief mentor of the Confederation of Indian Industry, is bullish on Satyam’s future prospects. “This company has great resources, outstanding people, technology know-how, fixed assets, and customers.”

[ribey1308]

Antwort auf Beitrag Nr.: 36.478.502 von teresas am 30.01.09 07:05:34

Indien ist 4,5 Stunden weiter.

[ribey1308]

New Delhi: Spice-Fraktion ist bereit zu investieren rund 20 Milliarden Rupien ($ 408 Millionen) in Satyam Computer Services und will den Kauf eines 51%-Beteiligung an der
Betrug-narbig outsourcer, Spice Vorsitzende BK Modi sagte.

"Das ist unser Wunsch", sagte am Freitag Modi. "Wir wollen das Geld, um innerhalb des Unternehmens. Für die, die sie haben, um eine bevorzugte Frage. Wenn ich Aktien aus dem Markt, das Geld wird nicht in das Unternehmen."

Modi, sagte die Gruppe hatte am Donnerstag seinen Vorschlag, den von der Regierung bestellt neuen Vorstand von Satyam.

"Wir haben auch zwei, drei Vorstandsmitglieder informell."

Spice-Fraktion hat sich diversifiziert, einschließlich Mobiltelefon Herstellung, mobile Software-Entwicklung, Back-Office-Aktivitäten, Unterhaltung und Einzelhandel.

Im vergangenen Jahr verkaufte sie ihre mobile Telekommunikationsdienste Unternehmen Idea Cellular für 21,76 Milliarden Rupien.

"Das ist eine der Quellen (für die Finanzierung). Aber wir haben andere Kanäle", sagte Modi, und fügte hinzu, dass die Gruppe der Lage war, die Finanzierung einer möglichen intern behandeln.
Englisch > Deutsch vertauschenÜbersetzen

[ribey1308]

50.30 0.45 (0.90%)=== Stand der ind.Rupien im Moment

Open 47.50 Vol 15,962,614
High 52.00 52 Wk 544.00
Low 46.50 52 Wk 11.50
Prev. Close 49.85

[marterpfahl]

Die Stimmung ist heute wieder deutlich positiver!
Schlusskurs in Indien um die 54 Rupien, plus 8%.
Aussichten weiter positiv!
Die Interessenten für ein Buyout nehmen zu,
Fidelity hat noch zugekauft.
Die werden alle wissen, warum.

Check it out
marterpfahl

[sorby]

Antwort auf Beitrag Nr.: 36.481.353 von marterpfahl am 30.01.09 13:14:57

Eine Analystenmeinung von E.Mathew:
"In Satyam there is still a chance for Rs 75-80 but I would say its trade, which is fraught with risk and what is the stoploss here, it’s around Rs 45-48 zones. So I don’t think this is a very safe strategy and there are better opportunities but I would leave this to the brave hearts honestly and I would try to avoid this."

In Davos sagte ein Insider (Commerce Minister Kamal Nath) folgendes:
"We did have a fraud, a fraud in one of our IT companies. The company was providing world-class services to its customers... The company has been constituted with a new board and they continue to supply their world-class services. We have to separate the owner from the company, Satyam has blue-chip customers, who have been receiving world class services for many years.
That is expected to continue. The new board will look at that."

Ich glaube, dass der Wert wieder sehr stabil werden wird und ich lasse alles mal beim jetzigen Stand, obwohl mir die Finger jucken, einiges mitzunehmen.
Meinungen????

[teresas]

Antwort auf Beitrag Nr.: 36.481.439 von sorby am 30.01.09 13:24:24

ich sehe schon noch deutliches Potential. Die Produkte warwn weltweit begehrt, nur das Management hatte persönliche Profilierungssucht und die Firma in die Miesen geführt. Die Wirtschaftskrise hat ihr übriges getan. Statt zu steuern hat das Management verschleiert.
Indiens Aushängeschilder ist die IT-Branche. Auf deren Ruf werden sie nichts kommen lassen.
Übernahmeinteressenten für das know-how stehen bald noch mehr Schlange.

Das Leben geht nach der Krise weiter.

[beam]

Wenn man bedenkt, dass in den USA in den letzten Monaten vor dem 06.01.2009 die ADR`s i.d.R mit einem Aufpreis von 20-30% gehandelt worden sind, muss man sich fragen was die Jungs damals und im Gegensatz dazu heute (Abschlag gegenüber Indien etwa 13 %) geritten hat.

Schönes Wochenende
beam

[fliesenbatscher]

31.01.2009 08:31
Fidelity raises stake in Satyam to 7.7 pct
MUMBAI, Jan 31 (Reuters) - Fund manager Fidelity has bought a less-than 1 percent stake in fraud-hit Satyam Computer Services (News), according to stock exchange data, possibly raising its stake in the Indian outsourcer to 7.66 percent.

Fidelity acquired 0.87 percent equity in the Indian outsourcer for about $6.1 million in a bulk deal, data released late on Friday showed, potentially making it the second largest shareholder in Satyam after engineering conglomerate Larsen&Toubro.

Fidelity, which held 3.17 percent had raised it to 6.79 percent earlier this week through stock market purchases.

Larsen&Toubro last week trebled its holding in Satyam to 12 percent, making it the largest stock holder, according to exchange data.

Satyam has been struggling for survival after its founder quit as chairman this month disclosing profits were falsified for years..

($1=48.9 rupees)

(Reporting by Bharghavi Nagaraju; Editing by Jan Dahinten) Keywords: SATYAM/FIDELITY

([e-mail]; [phone]; Reuters Messaging: [e-mail])


COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

[teresas]

Fidelity, Spice Group und L&T.
Da sind es schon drei.

[teresas]

(19.01.2009. Indien) Premierminister Manmohan Singh hielt letzte Woche ein Treffen mit den wichtigsten Vertretern des Kabinetts ab, um über Möglichkeiten nachzudenken, die einem Bilanzskandal betroffene Firma Satyam zu retten.

Nach dem ersten Treffen stellte das von der Regierung eingesetzte Satyam-Komitee klar, das es die oberste Priorität sei, die Liquidität der Firma wieder herzustellen, um das Vertrauen der 53.000 Arbeitnehmer und Kunden in die Firma wieder zu stärken. Handelsminister Kamal Nath sagte dazu: "Die Regierung ist für jede Anregung des Verwaltungsrats von Satyam offen, auch für eine finanzielle Hilfe".

Schritt 1 ist ja teilweise schon erfolgt.
Ich sehe es auch so, daß die Regierung ihr IT-Aushängeschild nicht sterben läßt.
Große Funds kaufen sich ein.
Gute Zeichen.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.486.816 von teresas am 31.01.09 09:59:00

alle gute dinge,sind 3
auf jeden fall,wird es dem kurs in indien am montag helfen.......(denke ich)

[fliesenbatscher]

die heimatbörse ist indien,wo der kurs gemacht wird.
dort steht er bei 54,05 Indische Rupie
bei uns 1,55 €
normal wären 1,72 - 1,73 €



Ergebnis der Umrechnung
Symbol Indische Rupie Wechselkurs Euro € Geldkurs Briefkurs
INREUR=X 54,05 30 Jan 0,01599 0,86438 0,01599 0,01600

0,864 x 2 aktien = 1,728 €

[fliesenbatscher]

da wird bestimmt noch weiter zugekauft,
freue mich auf montag.


Quelle: IRIS (31. Januar 2009)

Fidelity Wanderungen an der Satyam zu 7,66%
E-Mail Drucken

Am Freitag, Fidelity International (FIL Asien Services Pty) erworben hat, 5866704 Aktien zu Rs einem Anteil von 50,9 Skandal-Hit Satyam Computer (F, N, C, F) * Dienstleistungen in der National Stock Exchange (NSE), die Erhöhung ihrer Beteiligung an der das Unternehmen auf 7,66%.

Open Market Kauf wurde von FIL und ihre direkten und indirekten Tochtergesellschaften.

Dieser Schritt macht FIL, die früher im Besitz 3,17% Beteiligung, der zweitgrößte der Akteure in Satyam nach Larsen & Toubro (L & T), die derzeit ein 12/04%-Beteiligung an der IT-Unternehmen.

Aktien der Gesellschaft erworben R 4.2, oder 8,43%, um auf Rs 54,05. Das Gesamtvolumen der gehandelten Aktien wurde 37332217 bei der BSE-(Freitag).

[ribey1308]

Antwort auf Beitrag Nr.: 36.487.208 von fliesenbatscher am 31.01.09 12:24:17

Das einige ernsthafte Interessenten da sind und auch prozentuale Zukäufe getätigt wurden,war alles Freitag schon bekannt ,von daher wundere ich mich bei den Amis, um die sehr geringe Kursbewegung.Bei uns ist es ja leider so, das die Kursbewegung sich sehr nach der Kursbewegung der Amis richtet,obwohl die Heimatbörse Indien ist. So bald die Amis öffnen,marschiert unser Kurs mit dem der Amis.

Morgens ist unser Kurs etwas an den Rupien angepaßt.Aber am Nachmittag sofort an dem der Amis .Und wie wir wissen ,wird dort gerne gezockt.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.488.070 von ribey1308 am 31.01.09 17:42:04

die amis hatten am freitag wieder mal panik,das die 8000 nicht hält,
montag kaufen sie wieder.

[ribey1308]

Antwort auf Beitrag Nr.: 36.488.097 von fliesenbatscher am 31.01.09 17:50:34

Da doch alles mit einem großem Risiko verbunden ist ,orientiere ich mich immer an der BSE wie der Tageschart der ind.Rupien inkl. Volumen ist,um zumindest die Situation etwas einschätzen zu können.Trotzdem kann es schief gehen inneralb von Minuten.Siehe Qimonda.War leider dabei.

[ribey1308]

Am vergangenen Freitag, Fidelity International, der Fondsmanager, die ihre Beteiligung an der Satyam auf 6,8 Prozent. Am selben Tag, Spice-Fraktion, dem indischen Konglomerat der Leitung von BK Modi, sagte, es sei bereit, einen $ 408m Investitionen um über 51 Prozent der Satyam und suchte Verwaltungsrat zur Genehmigung vorgelegt.

Über das Wochenende, Hinduja Global Solutions, die IT-Tochter der Hinduja Konglomerat, auch ein Schreiben von Interesse Goldman.

IGate, die US-Outsourcer, ist auch gedacht zu suchen bei Satyam. [

In einer Präsentation für Mitarbeiter, die von der Financial Times, Satyam-Vorstand beruhigt Mitarbeiter, dass sie nicht zu schnell ein Verkauf. "Der Prozess der Veränderung in der Kontrolle, wenn überhaupt, wird mindestens 60 Tage ab heute."

[marterpfahl]

Die Woche fängt grün an!

[ribey1308]

Antwort auf Beitrag Nr.: 36.492.225 von marterpfahl am 02.02.09 08:28:50

Richtig zur Zeit ind.Rupien im Plus mit 6,5- 7 Prozent

Die Interessenten häufen sich !!


Die Wirtschafts-Times sagte am Montag, der indische Nutzfahrzeug-und Traktor-Hersteller Mahindra & Mahindra-Gruppe,hat auch Interesse

[Wirhabendochkeinezeit]

ich verstehe es nicht: 58,00 Rupien ergibt bei mir ca. 1,86 EUR...

[ribey1308]

February 02, 2009 15:16 IST

Firming up plans to acquire 51 per cent stake in scam-tainted Satyam Computer Services [Get Quote], industrialist B K Modi-controlled Spice Group is sending a team to start negotiations.

The team will meet Sebi officials on Monday and Satyam's new board during the week to convey its intention to acquire the stake through an auction process.

Separately, the country's largest diversified business group Hindujas has also expressed its intention to acquire controlling stake in the IT company.

"We have firmed up our plans to acquire a majority stake in Satyam and a team from the group will meet Sebi officials on Monday to discuss the issue. We will request the regulator to auction shares of the company and stress that the proceeds should be pumped back into the company's operations," Spice Corporation Chairman B K Modi told Business Standard.

"We will seek an auction process. Apart from being transparent, it will also help in roping in the highest bidder," he added. The group was planning to acquire the stake through Spice Innovation, its New Delhi-based holding company, and was ready to shell around Rs 2,000 crore (around $400 million).

The team comprises top officials of the group and merchant bankers, even though Modi is not on the team. It will also meet the new board members, which is meeting on February 5 to finalise the new chief executive officer and chief financial officer, to discuss the acquisition.

"If Satyam needs to raise Rs 2,000 crore (Rs 20 billion), the company should offload an equivalent amount of shares. This (the percentage of stake to be offloaded) has to decided by the company's board," he added. Modi, however, did not comment on the basis of which the group will value the beleaguered IT company.

Meanwhile, a top official from Hindujas said that the group was interested in acquiring Satyam and has alerted its investment bankers. "We are waiting for some clarity on the issue, like what are the company's financials, including losses and debts. This will emerge only after the board meetings and we will put in a proper bid, once there is transparency in the whole issue," the official said.

Engineering and construction major Larsen&Toubro, Tech Mahindra [Get Quote] and Essar (interested only in the BPO arm) are among the other suitors for Satyam.



Spice up Unternehmen für Satyam kaufen





02. Februar 2009 15:16 MESZ

Firming von Plänen zum Erwerb von 51 Prozent-Beteiligung an Betrug behaftet Satyam Computer Services [Get Quote], Industrieller BK Modi-Gruppe kontrolliert Spice sendet ein Team für die Aufnahme von Verhandlungen.

Das Team wird Sebi Beamten am Montag und Satyam's Neues Bord während der Woche, um seine Absicht zum Erwerb der Beteiligung durch eine Auktion.

Getrennt, das Land der größte diversifizierte Unternehmensgruppe Hindujas auch seine Absicht bekundet, zu erwerben Anteile an der IT-Unternehmen.

"Wir haben festigte unsere Pläne zum Erwerb einer Mehrheitsbeteiligung an der Satyam und ein Team aus der Gruppe wird Sebi Beamten am Montag auf die Frage. Es wird die Aufsichtsbehörde zur Versteigerung Aktien der Gesellschaft und betonen, dass die Erlöse sollten gepumpt zurück in die Gesellschaft Operationen ", dem" Spice Corporation Vorsitzender BK Modi sagte Business Standard.

"Wir werden um eine Auktion. Abgesehen davon, dass transparent, es wird auch dazu beitragen, Abseilen in den Meistbietenden", fügte er hinzu. Die Gruppe wurde die Planung für den Erwerb der Beteiligung durch Spice Innovation, Neu-Delhi seine Holding-Unternehmen, und war bereit, um Shell-RS 2000 crore (rund 400 Millionen US-Dollar).

Das Team besteht aus Top-Beamten der Gruppe Bankiers und Händler, auch wenn Modi ist nicht im Team. Es wird auch den neuen Vorstand, der am 5. Februar, um die neuen Chief Executive Officer und Chief Financial Officer, über die Übernahme.

"Wenn Satyam zu erhöhen RS 2000 crore (Rs 20 Milliarden), sollte das Unternehmen Offload eine äquivalente Menge von Aktien. Dies (der Prozentsatz der Beteiligung zu entladen) hat beschlossen, von der Gesellschaft im Vorstand", fügte er hinzu. Modi, jedoch nicht auf deren Grundlage die Gruppe Wert der gebeutelten IT-Unternehmen.

Inzwischen, ein Beamter Hindujas sagte, dass die Gruppe interessierte sich für den Erwerb von Satyam und alarmierte seine Investmentbankern. "Wir erwarten für einige Klarheit über die Frage, wie, was sind die Finanzen des Unternehmens, einschließlich der Verluste und Schulden. Das wird sich erst nach den Sitzungen, und wir werden in eine richtige Angebot, sobald es die Transparenz in der gesamten Ausstellung," die offizielle sagte.

Engineering und den Bau wichtiger Larsen & Toubro, Tech Mahindra [Get Quote] und Essar (interessiert nur in den Arm BPO) gehören zu den anderen Bewerber für Saty

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.492.375 von Wirhabendochkeinezeit am 02.02.09 09:03:31

ich hoffe du hast zeit,
der markt hat nur noch angst,dewegen will fast keiner den fairen kurs bezahlen,
das wird aber irgendwann nachgeholt,wenn die börse wieder besser aussieht,
dazu kommen imer wieder gute news,so das ich mir z.Z. keine sorgen mache.

[ribey1308]

Montag, 2. Februar, 2009 Schlußkurs an der BSE

57,60 Indische Rupie = 92.31096 Euro mal 2 Aktien

[ribey1308]

Antwort auf Beitrag Nr.: 36.493.766 von ribey1308 am 02.02.09 12:08:49

= 1,846 E

[ribey1308]

DEALTALK-Satyam takeover talk bubbles; L&T seen as favourite

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.494.393 von ribey1308 am 02.02.09 13:34:15

da werden noch viele % für uns drin sein.
mal sehen was die amis heute machen.

[ribey1308]

Antwort auf Beitrag Nr.: 36.494.447 von fliesenbatscher am 02.02.09 13:42:04

Ich gehe auch davon aus ,das de Amis heute prozentual besser reagieren als Freitag.Hatte Freitag eigentlich etwas mehr erwartet.

[fliesenbatscher]

Antwort auf Beitrag Nr.: 36.494.490 von ribey1308 am 02.02.09 13:47:06

war ja wochenende und die angst,das es schlechte news geben könnte.

[ribey1308]

Antwort auf Beitrag Nr.: 36.494.527 von fliesenbatscher am 02.02.09 13:52:50

Das stimmt schon ,ich dachte mehr an den 16.00-20.30 Uhr Bereich.

[ribey1308]

Antwort auf Beitrag Nr.: 36.494.553 von ribey1308 am 02.02.09 13:55:42

Verlauf wie jeden Nachmittag um diese Uhrzeit geht der Wert erst runter ,um in einer Stunde wieder zu steigen

[ribey1308]

2,02/2,04 bei den Amis

[ribey1308]

Antwort auf Beitrag Nr.: 36.495.165 von ribey1308 am 02.02.09 15:21:16

Sorry 2,13 vorbörslich

[eula]

BANGALORE, Feb 3 (Reuters) - Satyam Computer Services Ltd won 15
outsourcing contracts in January despite revelation of India's biggest corporate
accounting fraud at the company, a spokeswoman said.
The contracts were in markets such as the United States, Europe, Japan,
Africa, the Middle East and India, she said in an e-mailed statement to Reuters.

"As of now there has been only one client termination," the spokeswoman
said, referring to the decision of U.S.-based State Farm Insurance to terminate
its contract with Satyam after its founder quit on Jan. 7 admitting accounts
were falsified for years.
"Our executives are reaching out to clients around the world, and at this
point, well over 90 percent of our clients have committed to continuing with
Satyam," the spokeswoman said.
(Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan) Keywords:
SATYAM/CONTRACT
([e-mail]; [phone]; Reuters Messaging:
[e-mail])

[ribey1308]

Antwort auf Beitrag Nr.: 36.499.076 von eula am 03.02.09 06:36:58

Wollte diese Nachricht gerade Posten,und sehe,das sie schon im Thread steht.Absolut positiv.Der Weg mit gr. Gewinnchancen , wenn wir etwas Geduld haben ,steht uns hier offen.Eine Richtige News und dann dürften auch erstmal ganz schnell ,die 3 USD erreicht sein.

Die letzten Zeilen der Nachricht sind auch positiv zu bewerten ,insofern ,das trotz allem noch viel Vertrauen vorhanden ist

weit über 90 Prozent unserer Kunden haben sich verpflichtet, auf die Fortsetzung mit Satyam", sagte die Sprecherin.

[MagicWeasel]

Antwort auf Beitrag Nr.: 36.499.230 von ribey1308 am 03.02.09 08:13:12

sehe ich jetzt auch mal positiv.

Und dazu erhält man die Aktie hier noch mit einem 15%igen Abschlag.

FRA 1,55/1,59€

Fairer Wert 1,82339€

[Wirhabendochkeinezeit]

also Kurs aktuell 53,75 ind Rupien mal 0,01598 mal 2 =


1,72 !!!!!!!!!!!!!!!!!!!!!!!!

Kurs aktuell Frankfurt: 1,49

Abschlag 14 %

[ribey1308]

Antwort auf Beitrag Nr.: 36.500.595 von Wirhabendochkeinezeit am 03.02.09 11:28:05

Ich denke bei den Amis wird sich heute auch nicht viel tun,sodas wir im Moment in einer Seitwärtsbewegung sind ,bis dann.......die richtige News kommt .Und die Zeit habe ich hier allemal ,denn ich sehe das als ein sehr gutes Investment hier .

[rp75]

ich bin dann auch mal mit einer kleinen posi. eingestiegen!!!

mal schaun obs was wird

[ribey1308]

Antwort auf Beitrag Nr.: 36.502.350 von rp75 am 03.02.09 15:25:14

Hoffe ,du hast ein paar Tage Zeit ,wird auf jeden Fall hier etwas.

[rp75]

Antwort auf Beitrag Nr.: 36.503.511 von ribey1308 am 03.02.09 17:35:25

ja natürlich die paar tage nehm ich mir auch noch

[ribey1308]

Satyam board to mull 6-7 proposals for buyout on Feb. 4


Satyam Computer Services is likely to consider six-seven buyout offers made to it and discuss the Rs 6-7 billion short-term funding requirements to be provided by three public sector banks (PSBs) in its two-day board meeting beginning from tomorrow.

It is learnt that Satyam (Q, N,C,F)* have received 6-7 expression of interests (EoIs) from potential buyers that will be examined in tomorrow`s board meeting. The priorities of the board, while considering these proposals, will be to guard the larger interests of Satyam, besides getting a good pricing.

The names of the companies, which have submitted EoIs could not be determined but they could include Larsen & Toubro (L&T), Mahindra Group, Hindujas, Spice and i-Gate.

Meanwhile, three PSBs have given in-principle nod to Satyam to provide short-term loans for meeting salary, working capital, payment of arrears to vendors, provident fund dues, tax deduction at source (TDS) and rentals charges.

Satyam has reached an in-principle agreement with three leading state-owned banks to get short-term loans. The company can mortgage its land bank to avail this funding. Satyam`s land bank is worth Rs 15-17 billion and hence it would not be difficult to secure Rs 6-7 billion loan pledging this property.

Shares of the company declined Rs 3.85, or 6.68%, to settle at Rs 53.75. The total volume of shares traded was 36,563,817 at the BSE (Tuesday). Quelle: IRIS (04. Februar 2009)

Satyam Bord zu Mull 6-7 Vorschläge für Buyout auf Feb. 4
E-Mail Drucken

Satyam Computer Services ist zu prüfen, sechs bis sieben Buyout-Angebote an, und über die R 6-7 Mrd. kurzfristige Finanzierung Anforderungen, die von den drei öffentlichen Banken (PSBs) in seiner Zwei-Tages-Sitzung ab morgen.

Es wird gelernt, dass Satyam (F, N, C, F) * erhalten haben 6-7 Ausdruck der Interessen (EoIs) von potenziellen Käufern, die geprüft werden morgen `s Sitzung. Die Prioritäten des Verwaltungsrates, unter Berücksichtigung dieser Vorschläge, werden zum Schutz der Interessen der größeren Satyam, neben sich einen guten Preis.

Die Namen der Unternehmen, die vor dem EoIs konnte nicht festgestellt werden, aber sie könnten Larsen & Toubro (L & T), Mahindra-Gruppe, Hindujas, Gewürz-und i-Tor.

Inzwischen, drei PSBs haben in-Prinzip zu nicken Satyam, um kurzfristige Darlehen zur Deckung Gehalt, Working Capital, die Zahlung der Rückstände an die Händler, Versorgungsfonds Gebühren, Steuerabzug an der Quelle (TDS) und Mieten Gebühren.

Satyam hat eine Grundsatz-Vereinbarung mit drei führenden staatlichen Banken, um kurzfristige Darlehen. Das Unternehmen kann seine Hypothek Land Bank diese Mittel zur Verfügung. Satyam `s Land-Bank im Wert von 15-17 Mrd. EUR und damit wäre es nicht schwierig zu sichern Rs 6-7 Mrd. Darlehen Verpfändung dieser Eigenschaft.

Aktien der Gesellschaft ging R 3,85, oder 6,68%, um auf Rs 53,75. Das Gesamtvolumen der gehandelten Aktien wurde 36563817 bei der BSE-(Dienstag).



Satyam Computer Services ist zu prüfen, sechs bis sieben Buyout-Angebote an, und über die R 6-7 Mrd. kurzfristige Finanzierung Anforderungen, die von den drei öffentlichen Banken (PSBs) in seiner Zwei-Tages-Sitzung ab morgen. <br> <br> Es wird gelernt, dass Satyam (F, N, C, F) * erhalten haben 6-7 Ausdruck der Interessen (EoIs) von potenziellen Käufern, die geprüft werden morgen `s Sitzung. Die Prioritäten des Verwaltungsrates, unter Berücksichtigung dieser Vorschläge, werden zum Schutz der Interessen der größeren Satyam, neben sich einen guten Preis. <br> <br> Die Namen der Unternehmen, die vor dem EoIs konnte nicht festgestellt werden, aber sie könnten Larsen & Toubro (L & T), Mahindra-Gruppe, Hindujas, Gewürz-und i-Tor. <br> <br> Inzwischen, drei PSBs haben in-Prinzip zu nicken Satyam, um kurzfristige Darlehen zur Deckung Gehalt, Working Capital, die Zahlung der Rückstände an die Händler, Versorgungsfonds Gebühren, Steuerabzug an der Quelle (TDS) und Mieten Gebühren. <br> <br> Satyam hat eine Grundsatz-Vereinbarung mit drei führenden staatlichen Banken, um kurzfristige Darlehen. Das Unternehmen kann seine Hypothek Land Bank diese Mittel zur Verfügung. Satyam `s Land-Bank im Wert von 15-17 Mrd. EUR und damit wäre es nicht schwierig zu sichern Rs 6-7 Mrd. Darlehen Verpfändung dieser Eigenschaft. <br> <br> Aktien der Gesellschaft ging R 3,85, oder 6,68%, um auf Rs 53,75. Das Gesamtvolumen der gehandelten Aktien wurde 36563817 bei der BSE-(Dienstag).

[ribey1308]

Antwort auf Beitrag Nr.: 36.506.733 von ribey1308 am 04.02.09 00:40:30

Bei der Deutschen Übersetzung hat sich ein Fehlerteufel eingeschlichen.Sie ist leider doppelt.Bitte dies zu Entschuldigen.

[rp75]

Antwort auf Beitrag Nr.: 36.506.733 von ribey1308 am 04.02.09 00:40:30

was ist da genau gemeint

[rp75]

hier geht´s aber auch richtig zur sache was

[ribey1308]

Antwort auf Beitrag Nr.: 36.513.004 von rp75 am 04.02.09 18:36:55

In der Ruhe liegt die Kraft.

[rp75]

Antwort auf Beitrag Nr.: 36.514.154 von ribey1308 am 04.02.09 20:31:17

fällt aber auch jeden tag, oder wie siehst du das???

[ribey1308]

Antwort auf Beitrag Nr.: 36.518.152 von rp75 am 05.02.09 12:43:20

Ich mache mir zur Zeit keine Sorgen hier ,weil ständig News da sind (siehe u.a.Finanznachrichten)und ich persönlich im Moment auch nichts negatives sehe,sondern in kommender Zeit und das kann plötzlich gehen ,nur den Weg nach oben.

Verhandlungen brauchen Zeit.

Im Dezember stand Satyam noch bei 10 Euro. Hier ist also noch viel Platz nach oben.

Trotzdem bitte beachten ,nur meine persönliche Meinung.Risiko ist immer dabei.Bitte selber auch noch einmal recherchieren.

[ribey1308]

Source: IRIS (05 February 2009)

Satyam Computer gets new CEO


Scandal hit, Satyam Computer (Q, N,C,F)* Services new board has appointed A.S Murty as its new chief executive officer (CEO) with immediate effect.

Deepak Parekh, member of the board said, `` Murty is a Satyam veteran of 15 year, who has been in its forefront since January 1994. He brings to play a deep understanding of the organization proven expertise in leading a business unit, overseeing global delivery, nurturing customer relationships and spearheading the entire gamut of the human resource function. He is well respected for his ability to effectively integrate the team and enable a collective decision making which will be critical as Satyam moves into its revival phase.``

Shares of the company declined Rs 3.85, or 7.68%, to settle at Rs 46.25. The total volume of shares traded was 18,867,759 at the BSE (Thursday).


Quelle: IRIS (05. Februar 2009)

Satyam Computer wird neuer CEO


Skandal betroffen, Satyam Computer (F, N, C, F) * Service neuen Vorstand hat AS Murty zum neuen Chief Executive Officer (CEO) mit sofortiger Wirkung.

Deepak Parekh, Mitglied des Vorstands, sagte, `` Murty Satyam ist ein Veteran, der 15 Jahre, die seit ihrer Spitze seit Januar 1994. Er bringt ein tiefes Verständnis der Organisation bewährten Know-how in der Leitung einer Business Unit, die Überwachung globalen Auslieferung, Pflege der Kundenbeziehungen und der Spitze der das gesamte Spektrum der menschlichen Ressourcen Funktion. Er ist auch die für seine Fähigkeit, effektiv im Team zu integrieren und eine gemeinsame Entscheidungsfindung, die von entscheidender Bedeutung, wie Satyam bewegt sich in seiner Wiederbelebung Phase. ``

Aktien der Gesellschaft ging R 3,85, oder 7,68%, um auf Rs 46,25. Das Gesamtvolumen der gehandelten Aktien wurde 18867759 bei der BSE-(Donnerstag).

[ribey1308]

MUMBAI, India (AP) -- India's Satyam Computer Services Ltd. has appointed a new chief executive and secured $130 million in bank loans in the wake of a $1 billion fraud scandal, the company's new board said Thursday.

[ribey1308]

Gibt es irgendeine Erklärung für -8,84% zum jetztigen Zeitpunkt.Sieht doch eigentlich alles Gut aus.

[marterpfahl]

Kaum steigt der Kurs in Amiland wieder deutlich, kommt Reuters mit einer negativen Interpretation von schon vorher veröffentlichten Einzelheiten zu Insiderverkäufen des neuen CEOs. So kann man auch einen Anstieg bremsen und Zweifel säen:


New Satyam CEO sold shares before plunge in Dec
Thu Feb 5, 2009 12:05pm EST
BANGALORE, Feb 5 (Reuters) - The new chief executive officer of fraud-hit Satyam Computer Services (SATY.BO) (SAY.N) sold 40,000 shares of the company in the days before the previous board's aborted decision to buy two related firms, stock exchange data shows.

A.S. Murty (previously spelled by the company as Murthy) was named chief executive with immediate effect by the new government-appointed board on Thursday, Satyam said in a statement after a two-day board meeting in the southern city of Hyderabad. [ID:nBOM417450]

Disclosures sent by Satyam to the Bombay Stock Exchange in December show A.S. Murthy sold 7,000 shares in the company on Dec. 12, 14,000 on Dec. 15 and 19,000 on Dec. 16. The sales left him with 50,065 Satyam shares.

Some other senior company officials also sold shares in December, stock exchange filings show.

Hari Thalapalli, a Satyam spokesman, said the board was aware Murty sold shares in December and had consulted market regulator the Securities and Exchange Board of India and lawyers before finalising his name as the chief executive.

"He had sold those shares because of personal reasons and he did not know anything about it, none of us knew about it," Thalapalli said, referring to the accounting fraud at Satyam.

Satyam shares closed at 220.75 rupees on Dec. 12, 225.40 on Dec. 15, and 226.50 rupees on Dec 16. The shares closed at 46.25 rupees on Thursday.

After Indian market hours on Dec. 16, Satyam announced plans to buy two firms in which its founder, Ramalinga Raju, and his family held stakes.

In the face of an investor revolt and a sharp fall in the company's shares in New York, the plan was quickly abandoned.

Raju resigned as Satyam's chairman on Jan. 7, saying profits had been overstated for years and $1 billion of cash and bank balances on the company's books did not exist.

In his resignation letter, he said the move to buy the related companies was a final attempt to resolve the problem of the fictitious assets.

Raju, who is now in jail, said in the letter that senior executives at Satyam, including Murthy, were unaware of the issues. (Reporting by Sumeet Chatterjee; Editing by John Mair and Jon Loades-Carter)


Ich bleibe gedämpft optimistisch, aber schnelle, große Sprünge erwarte ich jetzt nicht mehr.
marterpfahl

[tflores]

Antwort auf Beitrag Nr.: 36.518.752 von ribey1308 am 05.02.09 13:53:30

Satyam ist interessant, als Computerfirma und um zu lernen, das Börse <> Logik. Je besser die News, desto schlechter der Kurs.

Allerdings finde ich es momentan besser, wenn die Aktie alleine fällt, also ohne mich ... Ich warte lieber bis es schlechte News gibt, vielleicht steigts dann wieder :-)

Momentan sind Bankaktien hip, Britische und Schottische und alles andere und alles was viel Geld verbrannt hat .. schnell bevor das Feuer ausgeht.

[ribey1308]

Antwort auf Beitrag Nr.: 36.524.002 von tflores am 06.02.09 00:17:01

Irgendwie kann ich Dir nur zustimmen.

[ribey1308]

Gibt es einen Grund für den plötzlich freien Fall,oder hat es mit dem allgemeinen Marktumfeld bzw.mit dem heutigen Dow zu tun??

[ribey1308]

Satyam getting new contracts: Murty
11 Feb 2009, 1116 hrs IST, PTI

Print Email Discuss Share Save Comment Text:



NEW DELHI: Even as a few customers have left in the wake of the financial fraud committed by its erstwhile promoter, Satyam Computer on Wednesday
said it is continuously getting new software services orders and existing clients have showed faith in the company.

"A significant majority of our clients have indicated their support for Satyam, and are staying with us. Orders continue to come in, and the organization is (making) efforts to grow new businesses," Satyam Computer CEO A S Murty said.

Asked if he visualizes Satyam regaining its earlier position of the fourth-largest software exporter, the CEO said, "The board and senior management have been in constant contact with customers and associates to assure them of business continuity. To this point, our efforts to provide clear, consistent and forthright communications are working."

Earlier Infosys, TCS and mid-sized IT firm Infotech had said some Satyam clients have approached them. In January, State Farm Insurance Co of the US terminated its contract with Satyam. Its other key customers -- GE, Nestle, Coca Cola, and National Australia Bank -- had earlier said it would suspend new contracts given to Satyam.

On working alongside the rivals, Murty said, "We continue to compete for new businesses with Infosys and TCS and other companies in all the markets we serve.

"With a new management at the helm of affairs, Satyam Computer is also looking at long-term strategic options and reviewing its legal liabilities.

"My immediate short-term priority as CEO would be to initiate and continue measures that will instill confidence in all our stakeholders, customers, associates, alliance partners, vendors, etc. and to ensure business continuity."

The CEO said his priorities are also to address key customer concerns, focus on delivery, reinforce associate confidence and introduce key retention measures.

With Satyam's market value plunging to less than $700 million from $7 billion in May 2008, the company is weighing long-term strategic options.

"Our other priorities are evaluating long-term strategic options, assessing and managing legal liabilities and resuming investments in identified areas," Murty said, adding the company recently got a financial commitment of Rs 600 crore for working capital needs and has receivables of up to Rs 1,700 crore.

BK Modi's Spice Corp and L&T Infotech, which is a 12 per cent shareholder, are among the possible firms interested in taking over the scam-hit company

[Wirhabendochkeinezeit]

kann mir mal einer sagen , ob und warum die Aktie in Indien nicht gehandelt wird, ist die Börse da seit zwei Tagen zu ?

und überhaupt: warum ist hier kein Interesse mehr da , eigentlich ist die Aktie aufgrund der Vola undes Bieterverfahrens doch sehr spannend...

[Nordenstam]

Antwort auf Beitrag Nr.: 36.743.360 von Wirhabendochkeinezeit am 11.03.09 10:10:05

Hallo,
die Börsen in Indien haben am 10. und 11. März "holiday" -
gerade gegoogelt.
Morgen sollte es dann hoffentlich erfolgreich weitergehen.

Alles wird grün

[mapuche]

wenns mitte april wie bei reuters geschrieben eine übernahme gibt, wird der kurs wohl bis dahin noch kräftig zulegen.

[mapuche]

bei tradergate bereits ein anstieg zu verzeichnen.

[mapuche]

Stuttgard bereits 1,28:1,36, da dürfte was im busch sein.

[mapuche]

sieht doch gar nicht so übel aus , die amis geben uns den kurs vor, bin mal gespannt wann bei uns der handel so richtig einsetzt

[Nordenstam]

Antwort auf Beitrag Nr.: 36.908.099 von mapuche am 02.04.09 17:47:12

...damit Du nicht so alleine bist...

Ich freue mich auch über den Anstieg obwohl der Kurs doch in Bombay gemacht werden sollte und dort kreucht man mit Minigewinnen von 0,..% immer noch um die 40 Rupien-Dollar rum...

Ich hoffe auch das wir die Tage Grosses hören werden...

Gruss + grünes Glück

[Nordenstam]

ACHTUNG :

Der Chef gibt bekannt :

Am 13. April ist Bekanntgabe wer von den 8 Interessenten sich zu welchem Gebot an dieser Perle bereichern kann.....

Quelle? Bin zu blöd zum verlinken...(finanznachrichten.de, etc.)

[mapuche]

Das Rennen dürfte begonnen haben.

Übernimmt IBM Satyam?
06.03.2009 um 11:32 Uhr
Autor(en): Sabine Prehl.
Erste Verhandlungen laufen Medienberichten zufolge schon.

IBM hat Interesse an einer Übernahme des indischen Offshorers Satyam geäußert, der Anfang des Jahres mit einem gigantischen Bilanzbetrug Schlagzeilen gemacht hatte. Indischen Medien zufolge strebt IBM eine Mehrheitsbeteiligung an Satyam an. Entsprechende Verhandlungen hätten bereits begonnen. Ein Team aus Investment-Bankern und Anwälten aus Europa und den USA seien dabei, die Größe des Deals und die damit verbundenen Risiken zu bewerten. Darüber hinaus sollen einige von Satyams größten Kunden an einer von IBM ausgeschriebenen Due Diligence teilnehmen.

Nach Ansicht von Phil Morris, Europa-Geschäftsführer der Sourcing-Beratungsfirma Equaterra, wären vor allem die Mitarbeiter und Kunden von Satyam ein lohnendes Investment für IBM: "Der indische Offshorer verfügt über gut ausgebildete Leute und gewachsene Kundenbeziehungen, die jetzt eine stabile Organisation brauchen", so der Experte. Zudem sei nur ein sehr großer IT-Anbieter wie IBM in der Lage, den angeschlagenen IT-Dienstleister wieder auf Kurs zu bringen. Und nicht zuletzt ist IBM in Indien stärker präsent als alle anderen IT-Unternehmen.

IBM gehört übrigens zu den Unternehmen, die der ehemalige Satyam-Chef Ramalinga Raju auf dem Board-Meeting des indischen Satyam im Rahmen einer feindlichen Übernahme Mitte Dezember vergangenen Jahres genannt hatte. Auch in einer Meldung an die New Yorker Börse im Februar wurde der Branchenriese als einer der wichtigsten Wettbewerber Satyams aufgeführt. Weitere prominente Player, die Interesse an einer Beteiligung bekundet haben, sind die Firma Larsen & Toubro (L&T), die bereits 12 Prozent an dem Unternehmen hält, Tech Mahindra sowie der Großindustrielle BK Modi. (sp)

[Sheka]

Sind wir beiden die einzigen die sich mit satyam beschäftigen ??

Hab bei 1,56 nachgelegt und alles rein... schöne rtag heute :-) und wenn IBM zuschlägt umso besser

[blntrader]

Satyam: Neue Verhaftungen - Übernahme nicht gefährdet
Dienstag, 07.04.2009 10:07

MUMBAI - Der Skandal um den indischen Anbieter von IT-Diensten Satyam Computer Services Ltd. (WKN: 675236) scheint zu einer fast unendlichen Geschichte zu werden. Nachdem gestern bekannt wurde, wann genau die Entscheidung über einen Verkauf des Unternehmens fallen soll, sorgten nun neue Verhaftungen für Aufsehen.

Laut gestrigen Pressemeldungen werde nun am 13. April dieses Jahres bekannt gegeben, von welchem Unternehmen Satyam übernommen werden soll. Am Wochenende habe es, so eine Meldung der US-Nachrichtenagentur Bloomberg Gespräche mit verschiedenen Interessenten gegeben. Daraufhin verschob man den Termin für die Bekanntgabe vom 9. auf den 13. April.

Zu den an Saytam interessierten Unternehmen zählen die indischen Größen Larsen & Toubro Ltd. sowie Tech Mahindra Ltd., ein Unternehmen, an dem auch British Telecom beteiligt ist.

Zum Verkauf stehen 51 Prozent und damit die Mehrheit an Satyam, das auf diese Weise wieder Vertrauen bei Anlegern, Kunden und Lieferanten gewinnen soll. Indiens viertgrößter IT-Servicedienstleister war unter die Räder geraten, nachdem bekannt wurde, dass die Unternehmensführung von Satyam die Bilanz um rund eine Mrd. US-Dollar geschönt hatte. Aufgrund des Bilanzbetruges hatten auch eine Reihe von US-Firmen ihre Verträge mit Satyam aufgelöst.

Nach einer Meldung der indischen Staatsanwaltschaft sei es allerdings gestern zu weiteren Verhaftungen gekommen. Insgesamt drei weitere Verantwortliche (Executives) von Satyam werden nun beschuldigt, ebenfalls am Bilanzbetrug Satyam beteiligt zu sein. Das Cental Bureau of Investigation (CBI) teilte, so indische Medien, mit, dass insgesamt ein Vizepräsident, ein Senior Manager sowie ein weiterer Manager der Finanzabteilung von Satyam ebenfalls beschuldigt würden. Namen wurden unterdessen nicht genannt.

Satyam selbst gab bislang noch keinen Kommentar bezüglich der Meldungen. Sowohl das CBI als auch das Unternehmen wiesen allerdings darauf hin, dass die aktuellen Verhaftungen nicht den Übernahmeprozess beeinträchtigten. Neue Erkenntnisse zusätzlich zu der bereits gemeldeten Bilanzmanipulation würden ebenfalls nicht erwartet. (kat/erw/rem)

[mapuche]

wird sicherlich noch sehr interresant bis nächste woche.
schätze das wir bis nächste woche noch kurse um die 3-3,50 € sehen werden.

[tflores]

Satyam partnership with Pentaho

http://www.ciol.com/News/News-Reports/Satyam-enters-into-par…


Eins verstehe ich nicht: Warum werden Satyam-Vorstände verhafter, weil die ein paar Zahlen ein wenig umgedreht haben. Einige Banker haben wesentlich mehr Zahlen umgedreht und werden nicht verhaftet.

Ist die Auktion schon nächsten Montag?

[blntrader]

Antwort auf Beitrag Nr.: 36.938.727 von tflores am 08.04.09 08:28:17

jepp..

wenn da der 13. april ist..dann ja....

das wird sehr spannend über ostern...denke das da vorher schon was durch sickert...

also noch mal nachlegen..denke ich..

[mapuche]

schätze mal das heute nach 20:00 die amis kräftig zulegen werden und morgen gibts dann noch mals eine draufgabe.
Wann wird eigentlich bekanntgegeben, zu welchen kursen die interresenten kaufen.
da es ja einige bieter gibt bleibt es sehr spannend bis nächst woche.

[mapuche]

ab morgen wirds wohl keine mehr unter 2€ geben!!!!!

[mapuche]

(PresseEcho.de) Hyderabad / Wiesbaden, 17. April 2009 – Der Verkauf eines Mehrheitsanteils an der indischen Satyam Computer Services Ltd. (NYSE: SAY), einem international tätigen Beratungs- und IT-Dienstleistungsunternehmen, an die Venturebay Consultants Private Limited, einer Tochter der Tech Mahindra Limited, wurde vom Company Law Board der indischen Regierung in einem Erlass vom 16. April abgesegnet.
Demzufolge wird Satyam 302.764.327 Aktien im Wert von etwa 351 Millionen US-Dollar bis zum 21. April Tech Mahindra zuweisen. Dies entspricht einem Anteil von 31 Prozent am gesamten Aktienkapital des Unternehmens. Voraussetzung hierfür ist die Einzahlung des obigen Betrages und die Hinterlegung der erforderlichen Mittel für die Beschaffung der weiteren 20 Prozent an Aktienanteilen bis zu 21. April, um die Mehrheit von mindestens 51 Prozent am Gesamtaktienkapital zu erreichen.
Das CLB spricht Tech Mahindra außerdem das Recht zu, vier Vorstände zu ernennen, sobald der Kauf vollständig abgeschlossen ist. Die von der indischen Bundesregierung ernannten sechs Direktoren bleiben bis auf weiteres im Amt.
Darüber hinaus hat das CLB alle nationalen und regionalen Untersuchungsbehörden angewiesen, gegen die nominierten Vorstände von Tech Mahindra keine Vorwürfe über alle Vorfällen zu erheben, die sich bei Satyam vor dem 9. Januar 2009 zugetragen haben.
Satyams Bilanzen der letzten sechs Jahre werden auf Grund der vorangegangenen Finanzaffäre noch überprüft. Für die Vorbereitung der dafür notwendigen Dokumente billigt die Regierung dem neuen Mehrheitseigner Tech Mahindra einen Zeitaufschub bis Ende des Jahres zu.

Die Originalmeldung finden Sie unter http://tinyurl.com/d6ma2w

Über Satyam
Satyam (NYSE: SAY), ein führender internationaler Anbieter von Dienstleistungen für Geschäftsprozess-Optimierung und Informationstechnologie, bietet Unternehmensberatung, Systemintegration und Outsourcing-Lösungen an Kunden aus zahlreichen Industriesegmenten aus der ganzen Welt.
Satyam verfügt über umfangreiche Industrie- und Facherfahrung, etablierte Technologie-Zentren und ein bewährtes Liefermodell rund um den Globus. Damit unterstützt das Unternehmen Kunden bei der Optimierung ihrer Prozesse mit hoher Wertschöpfung und Verbesserung des Geschäftsergebnisses.
Die gut ausgebildeten Mitarbeiter überzeugen unter anderem in Bereichen wie Produktentwicklung und Konstruktion, Supply Chain Management (SCM), Customer Relationship Management (CRM), der Optimierung von Geschäftsprozessen, Business Intelligence, Enterprise Integration und Infrastruktur-Management.
Satyams Entwicklungs- und Lieferzentren in Deutschland, Großbritannien, USA, Kanada, Brasilien, Ungarn, Ägypten, den Vereinigten Arabischen Emiraten, Indien, China, Malaysia, Singapur und Australien betreuen eine Vielzahl an Kunden, ein großer Teil davon von der Fortune 500-Liste. Weitere Informationen unter www.satyam.com

Pressekontakt Satyam:
For clarifications, write to us at: [e-mail]
Or contact our PR representatives:
India: Archana Muthappa, [e-mail]; [phone];
US: Bob Olivier, [e-mail]; [phone];
Europe: Sandeep Thawani, [e-mail]; [phone];
Asia-Pacific: Dan Bleakman, [e-mail]; [phone]; Reshma Wad Jain, [e-mail]; [phone]

PR- Agentur für Deutschland/Österreich/Schweiz:
Weissenbach PR, Helmut Weissenbach, Stefanie Hutstein,
Tel. [phone], Fax [phone], [e-mail]


Direkt auf die Pressemitteilung „Satyam Übernahme durch Tech Mahindra offiziell bestätigt” verlinken:
Kopieren Sie einfach den unten stehenden Link und bauen Sie ihn auf Ihrer Webseite ein.

[Bledos]

May 22, 2009, 2:55 pm
Satyam Has 10,000 People Too Many, New Owner Says
Posted by Eric Savitz

Satyam Computer Services (SAY) has more than 10,000 staff above what it needs, according to Vineet Navyar, the CEO of Tech Mahindra, which won the auction to buy the fraud-stricken IT outsourcing company.

According to Reuters, Nayer said today that it would be better to reduce staff significantly than to risk putting all 40,000 of Satyam’s workers out of jobs.

“I think the future is great but there will have to be a few sacrifices in terms of compensation, in terms of a large number of things… Some form of least painful way of reduction in staff is an option which will have to be looked at,” he said.

The Reuters story added, though, that Kiran Karnik, chairman of the board appointed by the government to salvage the company, said Satyam was looking at cost-control steps including wage cuts but not layoffs.

“Without a doubt, revenue is on a downward slope just now. We are hoping to pick up, but the pick-up won’t happen immediately,” Karnik told reporters. “There is stress on the company’s bottom line and very clearly some definite and fairly strong actions will have to be taken.”

Quelle: barrons.com

[Bledos]

Satyam to offer 40% salary as separation package to 10,000 staff



Satyam Computer, a global IT and service provider company is all set to offer 40% of salary for six months to a majority of 10,000 excess staff as a division package being firmed up by the beleaguered IT firm, reports Economic Times.


The top management of Satyam, (Q, N,C,F)* in discussion with its new owner Tech Mahindra, has prepared a list of around 10,000 employees, who have not been billed for over six months now. These employees are set to be offered 40% of their existing salary for six months, along-with medical insurance and provident fund. But they may eventually have to leave the firm. Non-billable employees have been short-listed, as they do not bring in any revenues to the IT firm.


Raju had hired more number of employees to increase revenues and profits of the firm, and the economic downturn has only compounded Satyam`s woes, forcing Tech Mahindra to look at a separation package for the excess staff in the Hyderabad-based outsourcer.


The board had suggested a number of options to the new management, including organisation-wide salary cuts, keeping employees on a virtual bench and sending them on a sabbatical. In the last two cases, the company would have to pay only part of the salary to these employees.


The company is in talks to a dozen out-placement firms to help people, who are laid off to find new jobs. It is also planning to tie-up with engineering colleges for PG courses and would fund employees, who wish to enrol in these programmes.

Shares of the company gained Rs 0.55, or 1.04%, to settle at Rs 53.40. The total volume of shares traded was 10,868,873 at the BSE (Friday).

Quelle: myiris.com

[marterpfahl]

Antwort auf Beitrag Nr.: 37.291.465 von Bledos am 31.05.09 18:35:07

Durststrecke überwunden?
Auf dem Weg zur 8 Dollar-Marke (ca. 5,60 €)!
Charttechnisch und fundamental möglich.
Also immer noch kaufenswert.

Viel Glück
marterpfahl

[marterpfahl]

Antwort auf Beitrag Nr.: 37.291.465 von Bledos am 31.05.09 18:35:07

Alle sprachlos?

Wahnsinnsvolumen heute schon zu Handelsbeginn in USA!



auch in Bombay gestern und heute sehr hohes Volumen:



Nur weiter so!
marterpfahl

[reifenmaler]

Antwort auf Beitrag Nr.: 37.312.228 von marterpfahl am 03.06.09 17:15:40

Bin auch mal rein !! Ist ja ein beinahe Toter Fred hier !!

Hoffe das noch mal was geht die Tage !!

mfg. der dolle

[fugazi23]

Antwort auf Beitrag Nr.: 37.314.085 von reifenmaler am 03.06.09 20:28:23

beobachte das gute stück gerade.

würd sich neben meinen tatas sicherlich wohl fühlen

grüße
fugazi

[fugazi23]

04.06.2009 07:54
Satyam to repay 3 bln rupees loan early - paper

MUMBAI, June 4 (Reuters) - India's Satyam Computer Services plans to repay early a 3-billion-rupee ($64 million) loan it had raised from state-run banks in February, the Economic Times reported on Thursday.

The loan would be repayed from the proceeds of the share issue to new owner Tech Mahindra, the newspaper said, quoting an unnamed person familiar with the development.

Satyam's erstwhile government-appointed board had raised the loan from Bank of Baroda and IDBI Bank to meet short-term requirements of the fraud-tainted company, the paper said.

Outsourcer Tech Mahindra, an affiliate of tractor and utility vehicle maker Mahindra&Mahindra, won an auction in April for a controlling stake in Satyam in a deal worth about $580 million.

($1=47.25 rupees)

(Reporting by Prashant Mehra; Editing by Ranjit Gangadharan)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: SATYAM LOAN/

(If you have a query or comment on this story, send an email to [e-mail])

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

[fugazi23]

Thursday June 4, 02:55 AM Source: Indian Express Finance
Jolt for Tech Mahindra as Upaid goes ahead with Satyam suit
By Rachana Khanzode

Tech Mahindra Ltd (TECHM.NS : 673.7 +15.9), the new owner of Satyam (SATYAM.BO : 71.25 +3.5) Computer Servcies Ltd, has suffered a setback in its efforts to reach an out-of-court settlement with Upaid Systems, the UK firm that sued Satyam in the US.

Upaid is preparing for a trial of the case that starts on September 8. The mobile solutions provider is seeking damages in excess of $1 billion from Satyam in a fraud and forgery case.

Tech Mahindra had reportedly offered Upaid about $10 million, or one per cent of what Upaid is seeking. Simon Joyce, CEO, Upaid, told FE over the phone from Singapore, "There is no out-of-court-settlement happening at this stage, and Upaid will be going for the trial on Sept 8, 2009."

The trial was due on June 1 in the Texas court, but was postponed after Satyam got a 90-day extension. According to Joyce, Satyam had asked for an extension of 12 months to study the implications of damages and prepare for the trial, however, it was granted only a 90-day extension.

Various official sources had earlier indicated that talks between Tech Mahindra and Upaid had taken place and Tech Mahindra had offered Upaid about $10 million to settle the IP infringement case.

In his previous interactions with FE , Joyce had indicated that Upaid was open for an out-of-court settlement. On March 12, when Satyam was still in the process of getting a new owner, he had said, "We are open to an out-of-court settlement...with the new investor. With the large number of liabilities around Satyam, we feel such a step will help the new investor."

An investment banking expert in the know mentioned that Upaid was ready to settle for $100 million and that's where things got stuck.

Upaid had filed the suit in the Texas court in 2007, alleging that Satyam provided forged documents to it in patents filing that eventually resulted in the company losing its patent infringement case against telecom giants Qualcomm and Verizon.

Meanwhile, stocks of Tech Mahindra and Satyam surged on the bourses on Wednesday, a day after media reports said that Sebi had confirmed the Tech Mahindra open offer for Satyam.

However, the company spokesperson denied receiving any confirmation from the regulator. The Sebi Website indicates that it issued 'observations' on May 27. The issuance of Sebi's observations is mandatory for open offers.

Tech Mahindra, through its subsidiary Venturbay Consultants, had announced an open offer on April 22 for buying 20% additional equity in Satyam at Rs 58 per share the same price at which it bought a 31 % stake in Satyam earlier.

hier der link dazu:
http://in.biz.yahoo.com/090603/50/batog3.html

[fugazi23]

Antwort auf Beitrag Nr.: 37.317.597 von fugazi23 am 04.06.09 11:22:18

guten morgen zusammen,

hat jemand bezüglich der klage eine einschätzung?

danke!

grüße
fugazi

[reifenmaler]

HUHU ??? Gibt es noch welche , oder sind alle vort ??

Habe Angat so Alleine !

mfg. der wo mal rein ist !

[fugazi23]

Antwort auf Beitrag Nr.: 37.323.633 von reifenmaler am 04.06.09 21:18:27

bin ich froh, dass noch jemand anderes da ist!

hab mir ja schon fast in die hose gemacht so alleine.

was meinst du so zur aktuellen lage?

grüße
fugazi

[Bledos]

Das kann nicht sein Da Kommt doch noch was ...
Satyam ist nicht ohne ...

"Wir werden uns noch alle wundern".


Bye

[Bledos]

Tech Mahindra makes changes in Satyam open offer
Saturday 06/06/2009 2:47 PM ET - Asia Pulse Data Source
Related Companies
Symbol Last %Chg
TMHAF 0.00 --

As of 12:00 AM ET 12/30/99IT firm Tech Mahindra has extended the date for approaching the shareholders of Satyam Computer regarding its Rs 1,154-crore open offer for the purchase of a 20 per cent stake in the scam-hit firm, a move which comes days after market regulator SEBI cleared the open offer.

In a filing to the Bombay Stock Exchange, Satyam Computer said the last date by which letter of offer will be dispatched to the shareholders has been revised to June nine, from the earlier scheduled date of June three.

Further, the last date of withdrawal by shareholders has also been revised to June 26, from the earlier June 27.

"Dates for all other activities of the schedule remains unchanged," the filing added.

The Securities and Exchange Board of India (SEBI) had received the open offer for its consideration on May 6, and issued its 'observations' on May 27.

Through Venturbay Consultant, its acquisition vehicle for the Satyam Computer purchase, Tech Mahindra had announced an open offer on April 22 for buying an additional 20 per cent from the shareholders of the IT firm.

The open offer was made pursuant to Tech Mahindra buying a 31 per cent stake in Satyam for Rs 1,756 crore through the issue of preferential shares after an auction process conducted by the government-appointed board of Satyam.

[reifenmaler]

na also ! Geht doch !

Müsste aber noch mer kommen !

Werde am Montag ,wenns nochmalbisserl runter geht nachlegen !

Schätze es könnten in 1-3 Monaten die 3-360 Euro kommen !
mfg. der Pfeifendeckel

[fugazi23]

Satyam meldet Gewinn

09.06.2009
aktiencheck.de

Secunderabad, Andhra Pradesh (aktiencheck.de AG) - Der durch einen Bilanzskandal belastete indische Software-Hersteller Satyam Computer Services Ltd. (ISIN US8040981016 / WKN 675236) meldete am Dienstag für das dritte Quartal zum 31. Dezember 2008 ein positives Ergebnis.

Der unkonsolidierte Nettogewinn belief sich demnach auf 1,81 Mrd. Indische Rupien (INR). Die Erlöse wurden auf 22,94 Mrd. INR beziffert. Die vorgelegten Zahlen, die in Zusammenhang mit dem Bilanzskandal um fünf Monate verschoben wurden, sind den Angaben zufolge noch ungeprüft. Vergleichswerte zum Vorjahr wurden nicht bekannt gegeben.

Den weiteren Angaben zufolge wurde im Januar 2009 ein Nettogewinn in Höhe von 40 Mio. INR bei Erlösen von 6,47 Mrd. INR erzielt. Für Februar wurde ein Nettoergebnis von 520 Mio. INR bei einem Umsatz von 6,76 Mrd. INR ausgewiesen.

Anfang Januar hat Ramalinga Raju vor dem Hintergrund des Bilanzskandals seinen Posten als Chairman niedergelegt. Wie Raju erklärte, hat er die Bilanzen des Software-Konzerns in den letzten Jahren manipuliert, wobei die Gewinne des Kerngeschäfts zu hoch ausgewiesen wurden.

Die Aktie von Satyam Computer Services schloss heute in Mumbai bei 66,85 INR (+9,95 Prozent). (09.06.2009/ac/n/a)

[reifenmaler]

Arcandor minus , Satyam Plus ! Da hab ich aber Glück gehabt !!
Werde aber in beiden Werten drinne bleiben !!

[reifenmaler]

.vv

[reifenmaler]

vvv

[reifenmaler]

vvv v

[reifenmaler]

ttt b

[reifenmaler]

[reifenmaler]

[reifenmaler]

[reifenmaler]

[reifenmaler]

[reifenmaler]

[reifenmaler]

[reifenmaler]

[fugazi23]

Antwort auf Beitrag Nr.: 37.359.002 von reifenmaler am 10.06.09 00:52:46

sag mal:

war dir arg langweilig letzte nacht?

grüße
fugazi

[fugazi23]

so hier mal was aus dem handelsblatt und zur abwechslung mal in deutsch

Quelle: http://www.handelsblatt.com/unternehmen/it-medien/satyam-ueb…


Skandalkonzern
Satyam überrascht mit Gewinn
von Helmut Hauschild

Der indische IT-Dienstleister Satyam hat seine ersten Ergebniszahlen nach dem großen Bilanzskandal veröffentlicht - und überrascht Branchenexperten mit einem guten Ergebnis. Die Inder können einen Gewinn von rund 11 Mio. Dollar ausweisen und ihre Auftragslage trotz Vertrauensverlust stabil halten.
Über der Zentrale des indischen IT-Konzerns Satyam scheint wieder die Sonne. Quelle: ReutersLupe

Über der Zentrale des indischen IT-Konzerns Satyam scheint wieder die Sonne. Quelle: Reuters

NEU-DELHI. Der skandalbelastete IT-Dienstleister Satyam hat den größten Bilanzbetrug in Indiens Wirtschaftsgeschichte deutlich besser überstanden als erwartet. Das Unternehmen verbuchte im Monat Februar einen Gewinn von umgerechnet 10,9 Mio. Dollar. Die Umsatzrendite habe bei 17,5 Prozent gelegen, teilte Satyam mit. Es sind die ersten Ergebniszahlen, die der IT-Dienstleister seit Bekanntwerden der Bilanzfälschungen im Umfang von mehr als einer Mrd. Dollar Anfang Januar veröffentlichte. Branchenexperten hatten vermutet, dass Satyam infolge des Skandals und der Wirtschaftskrise tief in die Verlustzone rutscht.

Die gute Nachricht wird vor allem den Satyam-Käufer Tech Mahindra erfreuen. Das Gemeinschaftsunternehmen des indischen Fahrzeugherstellers Mahindra & Mahindra und des britischen Telekomkonzerns BT Group hatte im April 51 Prozent des Wettbewerbers für 580 Mio. Dollar erworben. Der Kauf des einst viertgrößten indischen IT-Dienstleisters mit Kunden unter den Top-Konzernen der Welt dürfte, wie sich jetzt zeigt, ein Schnäppchen gewesen sein. Denn auch die Auftragslage ist deutlich besser als Satyams beschädigter Ruf vermuten ließ. Nach eigenen Angaben gewann das Unternehmen seit Bekanntwerden des Betrugs bis Ende März neue Aufträge im Wert von 380 Mio. Dollar.

Anfang Januar hatte der Gründer und Chef von Satyam, Ramalinga Raju, gestanden, mindestens sechs Jahre lang die Bücher des Unternehmens frisiert zu haben. Ein von der indischen Regierung bestellter Not-Aufsichtsrat warnte, das Satyam die Pleite drohe, wenn nicht schnell ein Retter gefunden wird. Doch so schlecht wie damals befürchtet sind die Zahlen gar nicht. Laut der gestern veröffentlichten Ergebnismitteilung erwirtschaftete Satyam im vierten Quartal 2008 einen Gewinn von 33,5 Mio. Dollar. Dieser Wert beruht allerdings auf dem internen Management-Informationssystem des Unternehmens und ist bisher nicht von Wirtschaftsprüfern zertifiziert. KPMG und Deloitte sind noch immer dabei, Licht ins Dunkel der frisierten Bücher zu bringen.

Grund für die dennoch erfolgte Veröffentlichung der Zahlen ist ein für Freitag vorgesehenes Kaufangebot von Tech Mahindra an die Satyam-Aktionäre. Laut Vereinbarung muss Tech Mahindra 20 Prozent von Satyam an der Börse erwerben, 31 Prozent über eine Kapitalerhöhung. Der Kurs der Satyam-Aktie stieg gestern um fast zehn Prozent.

[Bledos]

Ich glaube,die Aktie hat unheimliches Nachholpotential und hat noch viel Luft nach oben!

Glauben ist nicht wissen ,nicht wissen ist Dummheit! oder so ähnlich :-)

Ich denke mit dieser Aktie werden wir noch sehr sehr viel Spaß haben ...

[fugazi23]

ahoi reifenmaler,

zeit für die nachtschicht! ich geh jetzt schlafen. ich bin schon gespannt morgen früh zu sehen, was du dir so alles einfallen lassen hast.

grüße
fugazi

[Bledos]

MUMBAI (Dow Jones)--Satyam Computer Services Ltd.'s (500376.BY) board will meet Thursday to discuss "cost rationalization," a person from the company told Dow Jones Newswires.

"The board will also discuss individual clients (of the company) at the meeting," the person said, asking not to be named.

Cost rationalization could include slashing basic general and administrative expenses and even staff costs, according to analysts.

They estimate also that the company has 5,000-10,000 excess employees.

Hyderabad-based Satyam was plunged into turmoil after revelations in January by founder and former chairman B. Ramalinga Raju that he overstated profit and revenue and created fictitious cash balances.

The government later appointed its own nominees to Satyam's board, which sold a 31% stake to Venturbay Consultants Pvt. Ltd. - a unit of software company Tech Mahindra Ltd. (532755.BY) - after a bidding process.

Quelle: The Wall Street Journal

[reifenmaler]

Antwort auf Beitrag Nr.: 37.368.958 von Bledos am 11.06.09 07:37:37

In Deutsch ???
Eher gut , oder eher schlecht ??

Sind schon 60% Plus bisher !
Dachte eigentlich , das es bis 8 Euro relativ schnell geht !

Werde mal ein Stoplos beim EK setzen , da es auch mal ne Korecktur geben wird !

mfg. der wo Happy ist

[fugazi23]

Antwort auf Beitrag Nr.: 37.370.145 von reifenmaler am 11.06.09 10:48:10

mensch das ging ja schnell heute.

saß leider nicht vorm rechner und sehe es eben erst.

gibts gründe für den rasanten abstieg oder waren das etwa alles gewinnmitnahmen???

grüße
fugazi

[fugazi23]

Friday June 12, 12:04 PM Source: Financial Express
Satyam sees 6 block deals at Rs 86.84/share

About 9.87 million shares in Satyam Computer Services (SATYAM.BO : 79.8 -1.05) changed hands in six block deals on both the stock exchanges at a weighted average price of Rs 86.84 on Friday, data on the exchange showed.

The shares represent more than 1 per cent of the company's outstanding share capital. The details of the buyers and sellers were not immediately available.

[fugazi23]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[fugazi23]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[fugazi23]

test

[fugazi23]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[fugazi23]

Aktien-Analyse
Satyam Computer meldet sich zurück
DruckenVersendenSpeichernVorherige Seite
linkfurloneviewyiggwebnewsfacebookwongdeliciousdigg

12. Juni 2009 Es war für die indische Börse ein Skandal, als um den Jahreswechsel herum die Bilanzfälschungen beim heimischen Software-Anbieter Satyam Computer Services aufflogen. Wie sich herausstellte, waren beim viertgrößten Software-Exporteur des Landes über Jahre hinweg die Geschäftszahlen geschönt worden.

Wie Satyam-Gründer und Unternehmens-Chef Ramalinga Raju damals einräumte, waren von den 53,6 Mrd. Rupien, die Satyam Ende September als Vermögenswerte in der Bilanz führte, 50,4 Milliarden Rupien fiktiv. Der tatsächliche Umsatz im letzten Quartalsausweis lag mit 21 Milliarden Rupien 22 Prozent unter dem ausgewiesenen und die operative Gewinnmarge betrug zudem nur drei statt der veröffentlichten 24 Prozent. Später wurde dann auch noch vor einem Liquiditätsengpass gewarnt.
Anzeige
Headline max. 41 Zeichen
Vernetzt kommunizieren

Alles über die neusten Trends der Kommunikationsbranche erfahren Sie im aktuellen Verlagsspezial »Integrierte Kommunikation«. Lesen Sie mehr...

Absturz bis auf Penny-Stock-Niveau

Kein Wunder, dass der Chef der Börsenaufsicht von einer fürchterlichen Nachricht sprach und sogar die Sorge bestand, der größte Bilanzbetrug in Indiens Wirtschaftsgeschichte könnte allgemein das Image des Landes als Industriestandort nachhaltig schädigen. Die Börsianer reagierten jedenfalls äußerst enttäuscht und es kam zu einem massiven Ausverkauf. Im Tief fiel der Kurs, der Mitte Dezember noch bei mehr als neun Euro gehandelt wurde und im Hoch im Oktober 2007 sogar bei mehr als 21 Euro notierte, bis auf 0,72 Euro. In kürzester Zeit war der Titel bis Mitte Januar somit zu einem Penny-Stock degradiert worden. Und der Firmenname, der auf Sanskrit “Wahrheit“ bedeutet, hatte sich mit einem Schlag als Worthülse entpuppt.

Doch wie es scheint, hat der IT-Dienstleister, der gerade dabei ist, sich von 7.000 bis 10.000 Mitarbeitern zu trennen, trotz all dieser Hiobsbotschaften doch noch die Wende geschafft. Nach einem großen Reinemachen, der die Entlassung von Führungskräften beinhaltete sowie den Verkauf des Konzerns (im April erwarb der IT-Dienstleister Tech Mahindra für 580 Millionen Dollar 51 Prozent der Anteile), scheint entgegen aller pessimistischen Erwartungen die Trendwende zu gelingen.

Februar-Zahlen machen Mut
Zum Thema

* Satyam hat sich selbst an Tech Mahindra verkauft
* Indiens Börse hat Gegenwind
* Bilanzbetrug: Satyam-Aktien stürzen ab
* Indiens Börse hat viel vorweggenommen
* BRIC-Aktien keine Schnäppchen mehr

Zumindest legen diesen Eindruck die am Dienstag veröffentlichten Geschäftszahlen nahe. Den Angaben zufolge verbuchte das Unternehmen im Februar einen Gewinn von umgerechnet 10,9 Millionen Dollar. Die Umsatzrendite habe bei 17,5 Prozent gelegen, teilte Satyam mit. Branchenexperten hatten dagegen vermutet, dass Satyam infolge des Skandals und der Wirtschaftskrise tief in die Verlustzone rutscht. Und auch die Auftragslage ist deutlich besser als Satyams beschädigter Ruf vermuten ließ. Nach eigenen Angaben gewann das Unternehmen seit Bekanntwerden des Betrugs bis Ende März neue Aufträge im Wert von 380 Millionen Dollar.

Dem steht selbst nach dem jüngsten Kurssprung (welcher der Aktie in der Spitze ein Plus von 89 Prozent bescherte, bevor es dann zu Gewinnmitnahmen kam) nur ein Börsenwert von 1,45 Milliarden Dollar gegenüber. Das scheint noch steigerungsfähig zu sein, wenn Satyam tatsächlich nachhaltig der Turnaround gelingt. Mit dem neuen Großaktionär Tech Mahindra im Rücken könnte aber genau das gelingen. Im Geschäftsjahr 2010/2011 könnte das Unternehmen wieder richtig Geld verdienen. Beim Gewinn je Aktie sind dann 0,23 Dollar drin und im Folgejahr konnte es dann sogar Richtung 0,30 Dollar gehen. Auf dieser Basis sollte sich bei einem aktuellen Kurs von 4,30 Dollar ein Einstieg bei dem Wert auch jetzt noch lohnen. Gestützt wird diese Empfehlung auch durch das Chartbild, das sich inzwischen deutlich besser darstellt.

Die in dem Beitrag geäußerte Einschätzung gibt die Meinung des Autors und nicht die der F.A.Z.-Redaktion wieder.



Text: @JüB
Bildmaterial: Tai-Pan

[fugazi23]

Antwort auf Beitrag Nr.: 37.384.398 von fugazi23 am 12.06.09 20:06:52

achja quelle:
http://www.faz.net/s/RubF3F7C1F630AE4F8D8326AC2A80BDBBDE/Doc…


alles in allem hört sich das doch vielversprechend an!

grüße
fugazi

[fugazi23]

http://www.finanznachrichten.de/ext/goto.asp?id=14157310


hört sich auch gut an, kürzungen bei den löhnen, aber keine entlassungen, da optimistischer ausblick

[Bledos]

Gewinnmitnahmen belasten Satyam

Die Grundstimmung ist eigentlich momentan nicht schlecht aber aufgrund der großen Avancen in den letzten Tagen kommt es immer wieder mal zu Gewinnmitnahmen und das zieht Satyam-Aktie nach unten.

Ich denke,es wird bei 2 Euro-Marke Anker werfen!

Wenn nicht, macht nichts "Abwarten und Tee-Trinken."

Investierte, es kommen noch schöne tage :-))

Die Geduld ist aller Schmerzen Arznei.

Zitat aus Afrika: Das Gras wächst nicht schneller, wenn man daran zieht.

[Bledos]

Antwort auf Beitrag Nr.: 37.386.982 von Bledos am 13.06.09 14:52:47

„Pardon“ um die 2 Euro-Marke Anker werfen wollte ich sagen.

[Bledos]

Zitat des Tages: Zum Wesen der Börse

Die ganze Börse hängt nur davon ab, ob es mehr Aktien gibt als Idioten oder mehr Idioten als Aktien.

André Kostolany

[Bledos]

Dikkat, Attencione, Achtung!

Hier ist größte Vorsicht geboten!


Banco Santander
http://www.google.com/finance?q=NYSE:STD
-----------
Telefonica
http://www.google.com/finance?q=NYSE:TEF
-----------
Banco Bilbao
http://www.google.com/finance?q=NYSE:BBV

[fugazi23]

Antwort auf Beitrag Nr.: 37.387.000 von Bledos am 13.06.09 15:02:42

verstehe ich dich richtig, dass du der ansicht bist, dass er kurs noch bis 2 euro runter geht und dort erst einmal bleiben wird (anker werfen)

oder habe ich dich da missverstanden?

falls ich dich doch richtig verstanden habe, würde ich dich schon um eine erläuterung deiner annahme bitten.

danke!

[Bledos]

Satyam board meets to discuss cost-cutting moves
16 minutes ago - Asia Pulse Data Source
With cost-cutting and workforce rationalisation top on the agenda, the board of the embattled Satyam Computer today met to discuss the future course for the firm.

The board is likely to discuss various cost-cutting measures including slashing expenses related to real estate and leased properties to improve the margins of the IT firm, a source privy to the development said.

Satyam on Tuesday had reported Rs 181 crore net profit in October-December 2008 but still it faces legal and other claims that could put a burden of up to Rs 10,000 crore on it.

The company may also firm up decision on rationalising workforce, the source added.

Satyam has 41,622 employees on its rolls, but its new owner Tech Mahindra had earlier said that the company has excess staff of 8,000-10,000.

The board may also discuss individual clients at the meeting.

The scam-hit firm had lost 23 customers in about three months after the disclosure of a massive fraud by its founder Ramalinga Raju, but won new business orders from as many as 215 clients during the same period.

Hyderabad-based Satyam was plunged into turmoil after revelations in January by founder Ramalinga Raju that he had cooked the books of the firm for years.

Quelle:scottrade.com

[fugazi23]

Source: IRIS (15 June 2009)
Satyam granted one yr extension to complete SEZs

The government has granted one year extension to Satyam Computer (Q, N,C,F)* Services for completion of three special economic zones in Andhra Pradesh, giving elbow room to the new management of the IT firm.

The commerce ministry has granted extension of time to Satyam`s two IT/ITeS SEZs in Hyderabad and the one at Thotlakonda in Visakhapatnam up to June 2010.

All the three tax-free enclaves were given formal approval, which would have lapsed by end of this month.

While the ministry granted extension of time `on file`, the decision has to be ratified by the inter-ministerial board of approval which is meeting in New Delhi on June 17.

Satyam had planned a total investment of Rs 3.70 billion on its SEZ projects. About half of the SEZs are coming up in the IT/ITeS sector.

With Tech Mahindra acquiring a majority stake, the company is in a recovery mode.

Shares of the company closed down Rs 0.4, or 0.49%, at Rs 80.45. The total volume of shares traded at the BSE was 67,772,320 (Friday).


* Q - Quote , N - News , C - Chart , F - Financials

[fugazi23]

Scam-hit Satyam Computer has entered again the elite club of the top 100 companies in terms of market valuation a status it had lost after being hit by the country's biggest corporate fraud.

Following a sharp rally seen in its share price last week on the back of disclosure about its profits, Satyam's market capitalisation has grown to about Rs 7,800 crore, placing it among the 100 most-valued firms in the country.

The company had moved out of this league soon after the disclosure about the fraud on January 7 -- the day when its founder and then Chairman B Ramalinga Raju admitted to multi- year financial fraud at the company.

Two days later on January 9 when the company's share price and market valuation hit their all-time lows at Rs 6.30 a share and about Rs 600 crore, respectively Satyam did not figure even among the 300 most-valued firms.

In contrast, Satyam was placed as the country's 34th most-valued firm with a market capitalisation of over Rs 15,000 crore on December 16 just before Raju unsuccessfully tried to acquire two firms promoted by his family in his bid to conceal the financial fraud at the company.

While it is still to recover about half of its lost value due to the scam, the shares have grown back to Rs 80-level -- representing a 13-times surged from its low.

Between the announcement of aborted attempt to acquire Maytas Infra and Maytas Properties and the disclosure letter about the fraud on January 7, the company lost more than 80 per cent in its market value, while its slide continued further till it reached an all-time low of about Rs 6.30 per share on January 9. Prior to its fall, Satyam was the country's fourth most-valued IT firm after Infosys, TCS and Wipro, but had become one of the least valued on January 9.

Satyam now ranks at the seventh position among IT companies after TCS, Infosys, Wipro, HCL Tech, Oracle and Tech Mahindra and at the 97th spot among the top 100 companies.

Tech Mahindra's market valuation has also increased significantly to around Rs 8,799 crore since it won the bid for acquiring controlling stake in Satyam.

Tech Mahindra's market capitalisation has increased by as much as Rs 4,420 crore, since April 13, while its shares have more than doubled to Rs 722 on June 12 as compared to Rs 359.45 on April 13.

Last week, Satyam shares got a boost from its results for October-December 2008 with Rs 160 crore profit in the quarter which points to a promise of a strong comeback under new owner Mahindras.

Reeling under the about Rs 10,000-crore financial scam that necessitated restatement of accounts, Satyam was at its nadir in January with a measly profit of Rs four crore before showing signs of revival by recording a Rs 52 crore profit in February. This was despite losing about two dozen clients. In October-December 2008 -- a period that saw the beginning of Satyam's fall from grace -- the IT firm posted a consolidated net profit of Rs 160.50 crore and a total income of Rs 2,327.21 crore. The announcement came within a month of Tech Mahindra, an IT arm of Mahindra & Mahindra, acquired controlling stake that valued Satyam at Rs 5,800 crore.

However, analysts believe entering into Satyam stock at this moment may be a high risk move as still uncertainties prevail on the future of the two entities.

"Uncertainty about their future make both Satyam and Tech Mahindra a high risk investment, though Tech Mahindra seems relatively better as it may gain considerably with its increased size," Bonanza Portfolio Assistant Vice-President Avinash Gupta said.

Quelle: http://research.scottrade.com/public/markets/news/news.asp?s…

[fugazi23]

hört sich doch alles ganz gut an. also ich bin dafür, dass es diese woche wieder aufwärts geht.

unterstützend könnte sich auch ein empfehlung des amerikanischen börsengurus jim cramer für satyam auswirken.

dieser cramer scheint wohl eine große fangemeinde in den usa zu haben, ist aber durchaus umstritten.

für weitere recherche einfach mal "jim cramer satyam jul" bei google eingeben.

auf eine grüne woche!

fugazi

[fugazi23]

pre-market alles andere als berauschend

mal sehen was das heute wird

[reifenmaler]

Antwort auf Beitrag Nr.: 37.394.025 von fugazi23 am 15.06.09 15:15:14

War mal drausen , und bin heute mal wieder mit 2000Stücken rein !!
Bleibe als Lonposie !!

Werden die 10 Euro noch dieses Jahr sehen !!
mfg.M.

[fugazi23]

Antwort auf Beitrag Nr.: 37.409.915 von reifenmaler am 17.06.09 13:01:48

ahoi reifenmaler,

willkommen an bord. na dann: leinen los und segel setzen richtung norden

grüße
fugazi

[fugazi23]

Satyam has target of Rs 94-95: M Thacker

Published on Tue, Jun 16, 2009 at 16:57 , Updated at Tue, Jun 16, 2009 at 21:41
Source : CNBC-TV18


Ist zwar von gestern und das Kursziel ist ja auch nichtgerade schwindelerregend hoch, aber vom jetzigen Kursstand aus sind da auf jeden Fall noch ein paar Prozent drin. Sieht im Moment auch so aus, als ob es eher ein Langfristinvest ist.
Mal schauen was sich die Tage noch so alles ergibt.

Grüße
fugazi

[reifenmaler]

Wird Morgen wieder Brummen !!

Hab da so ein Gefühl !!
mfg.m.

[fugazi23]

http://www.moneycontrol.com/india/news/stocks-views/exit-sat…


verkaufsempfehlung eines indischen analysten.

[fugazi23]

dafür hier grünes licht für tech mahindra

Thursday June 18, 02:42 PM Source: Financial Express
TechM gets US anti-trust nod for Satyam open offer

IT firm Tech Mahindra (TECHM.NS) said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam (SATYAM.BO) Computer.

In a filing to the stock exchanges Tech Mahindra said "our request for early termination of the applicable waiting period relating to the offer has been granted under the Hart-Scott-Rodino Antitrust Improvements Act of 1976...".

Tech Mahindra further said that "the condition to the offer with respect to anti-trust approval under the Hart-Scott-Rodino Act has been satisfied."

The anti-trust approval in the US was needed as both the companies -- Satyam and Tech Mahindra -- have technology outsourcing work in the United States, and also because Satyam is listed on the NYSE.

The open offer has already got anti-trust approval from Germany's competition regulator, the Federal Cartel Office, and India's tow premier bourses Bombay Stock Exchange (^BSESN) and National Stock Exchange (^NSEI)

[fugazi23]

http://business.rediff.com/report/2009/jun/19/satyam-calls-b…



satyam ruft fast 380 mitarbeiter aus dem virtuellen pool programm zurück.

hört sich doch gut an, satyam hat anscheinend mehr aufträge als sie selbst gedacht haben

[reifenmaler]

Antwort auf Beitrag Nr.: 37.429.871 von fugazi23 am 19.06.09 18:48:21

380 Mitarbeiter ? Da muß es aber verdammt viel Arbeit geben !!!

Würde mich nicht wundern , wenn bald ne Adhok kommt !!

Das könnt ein größerer Auftrag eines Großkunden sein !!

schaut auch in USA ruhig aus !!

Wird was laufen in Kürze !!
mfg.m.

[fugazi23]

Antwort auf Beitrag Nr.: 37.430.502 von reifenmaler am 19.06.09 20:08:50

schön wärs ja.


wünsch dir auf jeden fall ein schönes wochenende

grüße
fugazi

[Bledos]

Satyam Re-Enters League of India’s Top 100 Cos
Date Submitted: Thu Jun 18, 2009

BANGALORE - Satyam Computers has re-entered the league of India’s top 100 companies in terms of market valuation. Last week Satyam share prices increased as they disclosed their profits. Satyam’s market capitalization has grown to about Rs 7,800 crore thus helping it to re-enter the elite club.

The company had moved out of the top 100 after its Chairman B Ramalinga Raju admitted to be involved in the biggest financial fraud in Indian history. Two days after Raju admitted about the scam, Company’s share prices had fallen to Rs 6.30 per share, an all time low for them.

In December, Raju had tried to acquire two companies promoted by his family to hide the financial scam. Before the scam, Satyam was placed as the country’s 34th most-valued firm with a market capitalization of over Rs 15,000 crore. Even though Satyam is still reeling under the impact of the scam, shares have now reached around Rs 80 level. Satyam is recovering fast and that is a good sign for Satyam as well as the market.

Quelle: indiajournal.com

[Bledos]

Börsenweisheiten

Nicht die Nachrichten machen die Kurse, die Kurse machen die Nachrichten.

[reifenmaler]

Antwort auf Beitrag Nr.: 37.431.947 von Bledos am 20.06.09 00:49:37

Börsen - Warheiten sind nicht richtig !!

Zukunft wird nicht gehandelt , sondern nur was was schon rum ist !

Siehe Arcandor / Qimonda / VW / K+S / Comerzbank / usw......


Erst kommen Nachrichten , und dann reagiert der Markt !!!

Als es 2007 mit der " Krise " losging , war doch schon klaar das es vielen Banken schlecht geht !!!!

Denke nach wie vor , das hier mal eben 100% drinne sind !

Oder sogar mer !!

mfg. m.

[Alemanninio]

Verstehe die letzten Meldungen so, dasss Tech Mahira für den 20 % Anteil an satyam nur 58 indische rupie pro Aktie bieten muss. Derzeit stehen wir bei 77. Müsste doch eigentlcih fallen,oder seh ich das falsch

[reifenmaler]

Antwort auf Beitrag Nr.: 37.434.367 von Alemanninio am 21.06.09 00:17:30

Morgen !! Geht meiner Meinung nach eher rauf !! Der Wert des Unternehmens zählt , nicht was für bestimmte "A_Pakete" gezahlt werden soll !!
Außerdem lese ich das eher als " Mindestens gezahlt werden soll !!"


Der Anstieg kurz vor Börsenschluss zeigt evtl. die Richtung für Montag !!
ps. nur meine Meinung !

[Alemanninio]

Danke für die Einschätzung.

Wie rechnet man nochmal von den indischen Rpien in euro um?

[fugazi23]

Satyam renamed Mahindra Satyam
21 Jun 2009, 1958 hrs IST, ET Bureau

HYDERABAD: Scandal-hit Satyam Computers has been named Mahindra Satyam. The logo will be adopted from the Mahindra
Group.

Speaking on the rebranding initiative, Mr. Anand Mahindra, Vice Chairman & Managing Director, Mahindra Group, said, "Customer centricity, high standards of corporate governance, unimpeachable ethics form the cornerstones of the Mahindra Group. This rebranding exercise symbolizes an amalgamation of the Mahindra Group’s values with Satyam’s fabled expertise, even as it retains that part of Satyam’s identity which signifies commitment, purpose and proficiency of the organization and its people."

Vineet Nayyar, Executive Vice Chairman, Satyam Board, commenting on the new identity, "This is a significant milestone towards the recovery of the company. We are optimistic that this new brand will re-energize the organization and will be well received by all our stakeholders. With this initiative, we will witness steps by the Management to adopt and inculcate the values of ‘performance and customer first’, ‘good corporate governance and citizenship’, which are drawn from the Mahindra Group. With this synergistic approach, Mahindra Satyam will learn from the best management practices of the Mahindra Group while focusing on nurturing Satyam’s innate skills and capabilities."

Tech Mahindra will finalise this weekend a new identity for Satyam Computer Services, the scam-tainted IT company it bought in an open auction last April.

The decision was taken at a closed-door meeting attended by top executives of Tech Mahindra Hyderabad this weekend. The new brand has drawn on the strengths of both Satyam and Tech Mahindra.

The meeting was attended by Mahindra & Mahindra vice-chairman Anand Mahindra, group HR head Rajeev Dubey, Tech Mahindra CEO Vineet Nayyar, international operations head CP Gurnani and strategic initiatives head Rajeev Kalra.

Senior executives at Satyam, TechM and M&M had been working on the re-branding exercise with select external advisors ever since TechM acquired the company.

Satyam Computers, one of the top IT companies of India, shocked corporate India last January when its founder and then CEO B Ramalinga Raju confessed to cooking its books over years. The government launched a massive probe, took control over its board, and after three months, put the company up for sale.

Tech Mahindra did not want to continue with the Satyam brand in its present form, though it wanted to leverage the strengths of the firm. The new brand will convey the synergies of Satyam, well-known for its expertise in areas such as enterprise resource planning, M&M group’s global brand and corporate governance and Tech Mahindra’s strength in telecom.

Apart from re-branding, Tech Mahindra and Satyam senior executives also discussed the joint go-to-market strategy of the two companies.

[fugazi23]

Ahoi zusammen,

hätte mal gerne eine frage in den raum gestellt betreffs der 380 mitarbeiter die wieder gebraucht werden. in den ami-boards reden die ja auch schon von irgendeinem großauftrag der da reingekommen sein soll. ich bin mir da nicht so sicher, denn von 10000 mitarbeitern die "beurlaubt" wurden, werden 380 zurückgerufen. das sind ja noch nicht einmal 10 %.
auf der anderen seite: komme zwar nicht aus der it branche, könnte mir allerdings durchaus vorstellen, dass man mit 380 mitarbeitern so einiges auf die beine stellen kann.

naja man wird sehen.

wünsche euch einen schönen abend
fugazi

[Alemanninio]

Hat mal jemand den Umrechnungskurs? Habe so das Gefühl, dass man in Frankfurt immer zu viel bezahlen muss

[fugazi23]

Antwort auf Beitrag Nr.: 37.436.982 von Alemanninio am 21.06.09 21:38:11

einfach mal "währungsrechner" bei google eingeben, sollte weiterhelfen.

[reifenmaler]

Morgen !!
Mein Tip für 15.30 uhr (Ammis) starke Eröffnung !

mfg. der wo drinne bleibt bis 6 Euro !

[fugazi23]

Antwort auf Beitrag Nr.: 37.437.833 von reifenmaler am 22.06.09 09:02:26

im moment ist leider freier fall angesagt

mal schauen obs heut noch mal nach oben geht

[reifenmaler]

Antwort auf Beitrag Nr.: 37.442.273 von fugazi23 am 22.06.09 16:52:18

Mist !! Egal , wird shon wieder !!
mfg.M.

[fugazi23]

neuer ceo bei mahindra satyam, der soll gefälligst mal dafür sorgen, dass der kurs wieder nach oben geht

quelle:
http://timesofindia.indiatimes.com/Business/Gurnani-to-take-…

[fugazi23]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[fugazi23]

Neuer CEO soll aus Krise führen

Der indische IT-Dienstleister Satyam bekommt einen neuen Chef. Chander Prakash Gurnani vom neuen Mehrheitseigner Tech Mahindra soll das ehemalige IT-Aushängeschild Indiens wieder auf Kurs bringen.

Mumbai - Das Outsourcingunternehmen Mahindra Satyam verkündete am Dienstag die lang erwartete Top-Personalie: Auf den Chefsessel rückt Chander Prakash Gurnani, bisheriger Manager für das Internationale Geschäft beim neuen Haupteigner Tech Mahindra. Das Telekom-Outsourcing-Unternehmen hat ebenfalls einen neuen CEO: Sanjay Kalra, bisher für die Strategie von Tech Mahindra zuständig, rückt an die Spitze auf. Neuer Finanzvorstand wird S. Durgashankar.


Satyam war vor der Übernahme durch den Tech Mahindra im April im Zentrum des größten Unternehmensskandal Indiens. Der Firmengründer und langjährige Konzernchef Ramalinga Raju hatte Anfang des Jahres gestanden, die Bilanzen des IT-Dienstleisters jahrelang künstlich aufgebläht zu haben. Finanzexperten sprachen in dem Zusammenhang von "indischen Enron". Satyam ist auf Firmensoftware spezialisiert und erledigt die Verwaltungsarbeit vieler westlicher Großkonzerne. Zu seinen Kunden zählen unter anderem General Electric und Nestle.


Der 50-jährige Gurnani war vor seiner Zeit bei Tech Mahindra unter anderem Manager bei HCL Hewlett Packard und COO und Mitbegründer von Perot Systems India, einem IT-Unternehmen des früheren US-Präsidentschaftsbewerbers Ross Perot. Gurnani wolle sich nun primär um bessere Corporate Governance, Kundenwünsche, Rückgewinnung von Marktanteilen und die Wiederherstellung der Marke kümmern, teilte er am Dienstag mit.

quelle: manager-magazin.de mit Material von ap

[Alemanninio]

ich glaube die Aktie hat ihren Boden gefunden. Denke, dass sie bis zum 01.07. (Ende der Angebotsfrist) seitwärts tendiert; danach wird es bergauf gehen

[reifenmaler]

Antwort auf Beitrag Nr.: 37.463.012 von Alemanninio am 24.06.09 23:31:56

So oder so ähnlich denke ich auch !!

Hoffe wie gesagt auf über 6 Euro in 2 Monaten !!

Ob die kommen , ist ne andre Geschichte !!

[reifenmaler]

Sollten heute nicht Q Zahlen anstehen ??

Kann aber nix finden !!

Wird immer langweiliger an der Börse !!
mfg. m.

[reifenmaler]

Antwort auf Beitrag Nr.: 37.506.303 von reifenmaler am 02.07.09 12:11:32

Morgen kein Handel bei den Ammis !! Die Zahlen kommen nach Börsenschluss !!! Da werden einige heulen !!

Denke , nachdem 380 leute zurück geholt wurden fallen die richtig gut aus !!!
Wie die lezten

mfg. der wo den richtigen riecher hatte

[fugazi23]

Antwort auf Beitrag Nr.: 37.509.141 von reifenmaler am 02.07.09 17:59:20

ahoi reifenmaler,

auch noch dabei? dachte schon ich bin der einzige der aktien von say hält.
hab mittlerweile noch einmal nachgelegt und nun werd ich abwarten wohin die reise geht

grüße
fugazi

[reifenmaler]

Antwort auf Beitrag Nr.: 37.510.137 von fugazi23 am 02.07.09 20:06:19

Habe auch aufgestockt ( ein Teil WAMU verkauft ) !

Sollten nicht heute Q Zahlen kommen ??

Hoffentlich kommen sie nach Börsenschluss !!

mfg.m.

[fugazi23]

Antwort auf Beitrag Nr.: 37.510.807 von reifenmaler am 02.07.09 21:37:47

muss dir gestehen, dass ich nichts von q zahlen weiß.

hab aufgrund von deinem posting mal im netz gesucht aber auch nichts gefunden, wie kommst du denn drauf?

[reifenmaler]

Antwort auf Beitrag Nr.: 37.510.884 von fugazi23 am 02.07.09 21:48:12

Stand die Ganze Zeit bei der Comdirect unter Termine !!

Termin am 02.07.09 !!!

Ist zeit heute weg !! Aber bei den alten Terminen auch nicht zu finden !!

Glaube langsam ich habe Hallos !!

[fugazi23]

Antwort auf Beitrag Nr.: 37.511.039 von reifenmaler am 02.07.09 22:07:36

keine ahnung was da los ist, vielleicht war der termin noch aus zeiten vor dem korruptionsskandal und die haben heute ihren fehler bemerkt und den termin gelöscht.

jetzt wo wir allerdings darüber reden, meinte ich mich zu erinnern mal auf einem us-board gelesen zu haben, dass satyam keine zahlen veröffentlichen muss, vielleicht auch aufgrund des skandals. allerdings meinten andere wiederum, dass satyam, wenn sie den profitabel arbeiten, sicher irgendwie ergebnisse präsentieren werden.

bin mir allerdings selber nicht so sicher, ob ich da nicht blödsinn verzapfe.

weiß von den anderen leuten hier vielleicht jemand was näheres?
oder sind wir die letzten hier?

naja, wie dem auch sei:
gute nacht

[Alemanninio]

Die letzten Zahlen kamen erst am 09.06.. Vielleicht ware das unsere gesuchten. Hauptsaceh der kurs steigt. und das tut er, so wie es propfezeit habe (seit das Angebot ausgelaufen ist)

[reifenmaler]

Antwort auf Beitrag Nr.: 37.511.470 von Alemanninio am 02.07.09 23:16:53

Richtig !! Und in den Terminen stand am. 02.07.09 Q1 !

Habe in meinem Heft( Notizen) das gleiche stehen !!

Aber Haubtsache es grnt !!!!!!


Wollte bei 0,80 das erste mal rein , habs aber leider mnicht getan !!

[fugazi23]

Aktionäre spielen auf Zeit
Tech Mahindra verpasst die Übernahme von Satyam
03.07.2009 um 11:36 Uhr
Autor(en): Alexander Freimark.
Die geplante Übernahme von Satyam durch Tech Mahindra verzögert sich. Dem potenziellen Käufer sind vermutlich nicht genügend Aktien angetragen worden.

Die Übernahme des krisengeschüttelten IT-Dienstleisters Satyam vollzieht sich nicht reibungslos. Am Mittwoch lief die Frist ab, in der Aktionäre auf das Übernahmeangebot der Firma Tech Mahindra eingehen konnten. Nach Angaben des Käufers kamen weniger Anteilscheine als erwartet zusammen, um Satyam zu kontrollieren. Mahindra verfügte bereits über 31 Prozent von Satyam, weitere 20 Prozent sollten zusätzlich gekauft werden.

Quelle: http://www.computerwoche.de/knowledge_center/it_services/189…

Nun kann es sein, dass Mahindra die Firma über die Ausgabe neuer Vorzugsaktien unter Kontrolle nehmen muss. Derzeit werden die Stimmrechte ausgezählt. Im Juni war der Kurs der Satyam-Aktie nach guten Zahlen für den Monat Februar über den Angebotspreis geklettert. Aktuell liegt der Preis an der Börse bei rund 77 Rupien, von Mahindra geboten sind 58 Rupien.

[Rohstoff_Neuling]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[fugazi23]

nanu keiner mehr da? dann schreib ich halt mal wieder was...

http://www.itreseller.ch/news/NW_single.cfm?nw_ID=33902

http://www.computerwoche.de/knowledge_center/it_services/190…

[reifenmaler]

Antwort auf Beitrag Nr.: 37.553.935 von fugazi23 am 11.07.09 12:11:13

Keine Angst !! Bin da !! War doch ne gute Woche !!

Fahr nochmal das Kalb füttern , und werde gespannt auf Montag warten !!
Bei Genta steht der resplitt an !! Mal gespannt wie es weiter geht !
mfg.m.

[Alemanninio]

War zwei Wochen in Italien.

Satyam hat nicht enttäuscht.Der Großauftrag von Glaxosmith hat viel Vertrauen zurückgebracht.
Infosys hat auch gute Zahlen gebracht und JP morgan hat das kursziel auf 100 rupien angehoben.

ende der Woche stehen wir mind. bei 3 Euro

[fugazi23]

Antwort auf Beitrag Nr.: 37.555.136 von reifenmaler am 11.07.09 20:43:12

ahoi reifenmaler,

ja fand ich auch, bin mittlerweile wieder im plus

nur meine tata motors aktien gefallen mir gerade gar nicht, hab leider versäumt rechtzeitig zu verkaufen und nun bin ich wieder beim ek angelangt. sollte wohl öfter mal gewinne mitnehmen.

zu genta kann ich nichts sagen, zum thema resplit kann ich nur aig ins feld führen und da hat das dem wert gar nicht gut getan! werd mir die sache mal nach dem resplit von der seitenlinie anschauen.

grüße
fugazi

[reifenmaler]

tz

[reifenmaler]

Rally bis freitag!!

[reifenmaler]

Oder bis Mitwoch !!!!!!!!!!!!!!!!!!!!!!!!!!!!