A woman is always buying something - Ovid
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Satyam to be sold off by April 30
Nibble
Will not say to whom
Mon Apr 06 2009, 13:40
SCANDAL-SOAKED outsourcer Satyam Computer Services said that it will select a winning bidder for a majority stake in the struggling company by April 30.
Apparently the deal will require 100 key Satyam employees to be kept on the payroll for 12 months and require the outfit not to be asset stripped for two years.
The board is selling a 51 per cent stake in the company as part of an effort to keep it in business following a January disclosure that Satyam's profits had been overstated for several years.
All sorts of names have been suggested as potential buyers including IBM and billionaire investor Wilbur Ross. µ
L'Inq
Bloomberg
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Sad truth is, no one has a monopoly on spaghetti coding.
Dude, if you are talking about Satyam then you might be right...but making a generic statement like that will make you eat your words with spaghetti some day! lol
so, you think 200+ top IT organizations that have invested billions of dollars in India are wrong?
Indians can't code their way out of a paper bag. Pay them to make a mess is more like it.