Satyam Computer SERVICES LTD.
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SATYAM COMP
(Bombay: SATYAM.BO)
Last Trade: 20.80
Trade Time: 1:19AM ET
Change: Down 19.15 (47.93%)
Prev Close: 39.95
Open: 32.00
Bid: 20.70
Ask: 20.80
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)
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_…
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http://de.finance.yahoo.com/q?s=SATYAMCOM.NS
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http://www.it-times.de/news/nachricht/datum////...nach-einem-kaeufer/
Satyam Computer sucht nach einem Käufer
Montag, 19.01.2009 15:19
MUMBAI - Der angeschlagene indische Outsourcing-Spezialist Satyam Computer Services (NYSE: SAY, WKN: 675236) sucht offenbar aktiv nach einem Aufkäufer. Demnach erwägt der neue Verwaltungsrat des IT-Spezialisten drei Investmentbanken zu beauftragen, einen Käufer für das Skandal-Unternehmen zu finden, berichtet die Economic Times.
Der Auftrag soll dabei an die drei Investmentbanken Goldman Sachs, J.P. Morgan und die Deutsche Bank gehen. Eine endgültige Entscheidung soll noch in dieser Woche fallen, so das indische Wirtschaftsblatt.
Der neue 6-köpfige Verwaltungsrat wolle sich direkt an Satyam-Kunden wie General Electric, American Express und die Citigroup wenden, um eventuelle Probleme zu erörtern. Der US-Versicherer State Farm Insurance habe bereits seinen Kontrakt mit Satyam aufgelöst, bestätigte eine Satyam-Sprecherin am Montag.
Der viertgrößte IT-Servicespezialist Indiens hatte den landesweit größten Bilanzskandal verursacht, nachdem der Firmengründer Ramalinga Raju zugegeben hat, die Bilanzen um rund eine Mrd. Dollar geschönt zu haben.
Als mögliche Kaufinteressenten wurden in der Vergangenheit immer wieder die Namen IBM und Accenture genannt, die ebenfalls mit Niederlassungen in Indien vertreten sind und bereits Satyam-Kunden betreuen. Als möglicher Kaufinteressent nennen indische Medien immer öfter auch die Baufirma Larsen & Toubro Ltd, die rund vier Prozent an Satyam hält.
General Electric: Continuing To Use Satyam Computer's Services
1-20-09 3:58 AM EST
BANGALORE -(Dow Jones)- General Electric Co. (GE) Tuesday said it is continuing to use Satyam Computer Services Ltd.'s (SAY) technology outsourcing services.
"We have not moved any work (from Satyam)," a GE spokesperson told Dow Jones Newswires via email.
Monday, Satyam said U.S.-based State Farm Insurance Co. has terminated its technology outsourcing contract with the Indian software exporter.
Satyam founder B. Ramalinga Raju revealed recently that he overstated the company's profits over several years and created a fictitious cash balance of more than $1 billion.
Raju, his brother and Satyam co-founder B. Rama Raju, and chief financial officer Srinivas Vadlamani have been arrested and are being held on complaints of cheating, forgery and breach of trust.
-By Romit Guha, Dow Jones Newswires; 91-9900181471
Tuesday January 20, 01:55 PM
Source: Financial Express
Big clients stay on with Satyam
Despite the uncertainty over the liquidity position of embattled Satyam Computer Services (SATYAM.BO : 26.9 1.45), big clients of the firm such as GE have said they are continuing their existing contracts with the firm.
"GE continues to use Satyam Computer Services. We have not moved any work," a GE spokesperson said.
GE is one of more than 650 clients the beleaguered IT firm has.
Another client Malaysia Airlines has said, "Satyam provides Malaysia Airlines with onsite professional services. We have been in discussions with Satyam and have been advised that the services will continue as usual."
In the first meeting of the newly constituted board of Satyam, Deepak Parekh had said that two global clients of Satyam have vouched for the firm, declining to give further details.
Over half a dozen rivals of Satyam Computer have started exploring ways to take over the business from its various clients, a global technology consultancy firm has said.
"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 such as Infosys (INFOSYS.BO : 1251.7 -7.85) would continue to shore up their market share," an analyst at Forrester Research said in a report.
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http://www.finanznachrichten.de/...ated-employee-count-report-020.htm
20.01.2009 06:28
Satyam may have inflated employee count - report
MUMBAI, Jan 20 (Reuters) - Satyam Computer Services Ltd (News) may have up to a fifth fewer staff than the Indian outsourcing company has said it has, the Economic Times said on Tuesday, citing an unnamed source familiar with a fraud probe.
The newspaper said the Serious Frauds Investigation Office believes Satyam's headcount could have been inflated by 15-20 percent to siphon off money as salary payments to non-existent employees.
'Since a major chunk of the costs were actually salaries, a minor distortion in the number of employees could change the personnel expenses significantly,' the paper quoted the source as saying.
Asked to comment on the report, a Satyam spokeswoman told Reuters: 'We believe the numbers are accurate at this point of time.'
The Economic Times also said engineering and construction firm Larsen&Toubro had appointed Japan's Nomura to advise it on a possible deal with Satyam, in which it already has a stake of about 4 percent.
A spokesman for Larsen said the company does not comment on market speculation.
The newspaper also said unlisted Aegis, part of India's Essar Group, was interested in buying Satyam's business process outsourcing (BPO) business.
'As a group, we constantly look at opportunities in sectors where we are. We would not like to comment on specific proposals,' an Essar spokesman said.
Manpower expenses constitute more than 60 percent of total costs at Satyam, and investigators say the ratio of manpower cost to revenue has remained constant over the past three years despite an increase in the number of employees, the Economic Times said.
The company's website says it had close to 53,000 staff, including those in subsidiaries and joint ventures as at end-September, and it has since said that around 2,000 staff have left.
Satyam, India's No.4 software services exporter, was plunged into crisis after founder Ramalinga Raju resigned as chairman earlier this month, revealing profits had been falsified for years and $1 billion of cash on the books did not exist.
(Reporting by Ami Shah and Prashant Mehra; Editing by Ranjit Gangadharan&Ian Geoghegan) Keywords: SATYAM/STAFF
(ami.shah@thomsonreuters.com; +91 22 6636 9246; Reuters Messaging: ami.shah.thomsonreuters.com@reuters.net)
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.
Satyam gets takeover offers
January 20, 2009 15:42 IST
Troubled software exporter Satyam has been approached for takeover by domestic and foreign companies, the IT company's board member Tarun Das said on Tuesday.
The board will meet for two days starting January 22 in Hyderabad and would discuss issues such as search CEO and CFO, legal matters and immediate cash requirements to run the company, he told reporters in New Delhi. The board would also discuss whether it needs to ask the government to stand as a guarantor for raising loans. The meeting would deliberate on class action lawsuits filed against the company in the US.
Das said the company has been approached for buyouts by both international and Indian IT firms. There have been unconfirmed reports that the company might soon appoint investment bankers to advise on a merger or sale.
Earlier, another board member Deepak Parekh had said that option of merger was always open for the company.
The six-member board, appointed by the government to run the firm after a shocking Rs 7,800 crore (Rs 78 billion) fraud disclosure by founder Ramalinga Raju on January 7, last met on January 17
ansonst, gab es vorbörslich in USA einen Kauf über $ 1,25
allerdings wohlgemerkt nur 300 Stück !!!!
war ggf. Spassvogel am Werk und in FF werden gleich tausende 1 : 1 gekauft
http://www.finanznachrichten.de/...s-l-t-says-may-raise-stake-020.htm
27.01.2009 09:57
UPDATE 1-Satyam jumps as L&T says may raise stake
By Janaki Krishnan
MUMBAI, Jan 27 (Reuters) - Shares in fraud-scarred Satyam Computer Services Ltd (News) jumped more than 28 percent on Tuesday after engineer Larsen&Toubro (News) said it may raise its stake in the outsourcing firm beyond 12 percent.
'We don't rule out moving from 12 to 15 percent,' L&T Chairman A.M. Naik told an analysts call, adding it would first wait for more clarity on Satyam's financial position.
Larsen&Toubro, India's biggest engineering and construction firm, valued at around $7.7 billion, trebled its Satyam stake on Friday after speaking to some of the software services exporter's customers and on hopes the government would help rescue the firm, Naik said.
Satyam has been struggling for survival since Jan. 7 when founder Ramalinga Raju resigned as chairman revealing profits had been overstated for years and $1 billion in cash on the books did not exist.
'I have been in touch with every single leader you can think of in this whole transaction ... at the board that exists now, at the government level ... because this company is under very close monitoring by the government,' Naik said.
'We have got a good report on Satyam's services,' he added. 'We have been constantly encouraged by the government that this is the company they would like to save.'
Satyam's six-member board, appointed by the government after the country's largest corporate fraud, was meeting in the southern city of Hyderabad to discuss L&T's expanded stake, how to secure funding to pay salaries and bills, and a shortlist for the posts of chief executive and chief financial officer.
L&T had previously held a 4 percent stake in Satyam -- whose global clients include General Electric, Nestle and Caterpillar Inc -- before Raju's stunning revelations of years of accounting fraud.
Naik, who hopes to use Satyam to expand L&T's small outsourcing unit, said that by raising its holding in Satyam, L&T had cut its average acquisition cost to about 80 rupees a share from 174 rupees.
'We have taken into our calculation that there will be value erosion up to a point before stabilisation of confidence,' he said. 'Even if we don't acquire, there may be a counter bid.
'Somebody is going to jump into the fray. Once what we know becomes more clear and once others come to know, the price will move,' he added.
Second and third tier companies such as L&T Infotech have to consolidate, Naik said, adding that Infotech would grow by as much as the industry's best this year and reach $500 million in revenue.
Satyam shares, which have slumped by three-quarters since the disclosures, were up 20 percent at 46.70 rupees by 0822 GMT, while L&T lost 1.2 percent. The main stock index gained 2.9 percent. Satyam stock was dropped from the benchmark index on Jan. 12.
Raju, the company's former managing director and the chief financial officer are in police custody in Hyderabad, and police said at the weekend they arrested two partners at Satyam's auditors, PricewaterhouseCoopers.
(Writing by Narayanan Somasundaram; Editing by Ranjit Gangadharan and Ian Geoghegan) Keywords: SATYAM/
(janaki.krishnan@thomsonreuters.com, +91-22 66369138; Reuters Messaging: janaki.krishnan.reuters.com@reuters.net)
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.
http://economictimes.indiatimes.com/articleshow/4036409.cms
L&T shares weak on likely Satyam open offer
27 Jan 2009, 1423 hrs IST, ET Bureau
MUMBAI: Shares of Larsen & Toubro were weak in a strong market after the company indicated it would hike its stake in Satyam Computer beyond
15%, a move that will trigger an open offer.
L&T investors are concerned that, in case of an open offer, the engineering and construction major would have to offer Satyam shareholders almost six times the software company's current market price.
As per the existing norms, if an acquirer buys more than 15% in a listed entity, he has to mandatorily make an open offer to buy another 20% from smaller shareholders.
Though a section of the market is betting authorities may relax the open offer norms in L&T's case, given the enthusiasm shown by the government to end the matter, it is still not clear to what extent would the rules be relaxed.
At 1:28 pm, L&T shares were down 1.1% at Rs633.85. Satyam shares up 20% at Rs46.50.
danke und lg!
- Kurse sind, wie jocyx schon schrieb, von der ind. Börse
- Schlusskurs von heute dort 47.15 ind. Rupie http://finance.yahoo.com/q?s=SATYAM.BO
...eine "SAY"US-Aktie entspricht (gemäß div. US-Boards) in etwa zwei "SAY"indischen Aktien
- Umrechnungskurs http://de.finance.yahoo.com/waehrungsrechner/...=USD&submit=Umrechnen
ax