Satyam Scam
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Huge fraud in Satyam Computers Posted: 06 Jan 2009 10:34 PM PST
Satyam Computers Chairman Ramalinga Raju resig Satyam Board and indicated huge fraud in Satyam Ramalinga Raju will be arrested along with some o rogues. This is the biggest scam in th history of corporate India. Andhra Pra Government already ordered for CBCID enquiry and deals of Maytas will be reviewed. Q3 results by Cor India will also come under scanner. Ram Mynampa as interim CEO of Satyam Computers.
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Many experts are thinking that total scam is around Rs 7,000 crore. inflated bank balance and cash reserves. Satyam management will c press meet with in 24 hours. What will they say?
Company reported operating margin of Rs 640 crore against Rs 64 c himself said that we committed this fraud to save us from the scam books which was done over many years. Satyam Stock lost 77% of value and is ended the day at 40. 14 crore share in the BSE Sensex while 33 crore shares were traded in the Nifty. Satyam s trading at a P/E of 1.5. IL and FS trust sold the pledged shares (by manage promoters now hold just 1.3% stake in the Company.
Compose Mail Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
BSE Sensex lost 750 points (7.2%) in just 3 hours after the Satyam fraud ne broke out. Nifty lost 6% of value and ended the day at 2920. Infosys, BEL an some major stocks that ended in the green. Real Estate and IT stocks suffer losses. BSE IT index lost 9% of value. Many real estate stocks lost 15-18% o
What is worrying is the fact that Government and NASSCOM are still trying to stating this as an isolated incident in stead of cleaning the system.
Read Ramalinga Raju letter to Saty Board:
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Satyam Raju Letter Publish at Scribd or explore others: Stocks Business satyam scam indian stocks Read Ramalinga Raju letter at Google documents. Special thanks to Arun V for sending me this letter.
Confidence is dented and trust is broken. Retail inve just account for 2% of Stock market investments. It difficult for stock markets to attract new investment will face charges in USA also and need to answer them as Satyam sto listed in the NASDAQ.
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Do you know that Satyam's Internal Audit team has joined the elite li companies across the world to have received "Recognition of Commit Award (ROC)" from "The Institute of Internal Auditors, USA (IIA)". S received corporate Governance award in 2008. Read the audit report of Satyam Computers in March, 2008. Price Waterhouse are the Chartered Accountants. This news will have huge implications. Foreign regulators will take se action and the Ramalinga Raju family will be in serious trouble.
This is my article on Satyam Computers when Mayta was broke out.
15 stocks that may shock investors. SEBI should do enquiry on these st also. If SEBI did enquiry, we will fi many companies like Satyam. My advice:
Huge implication on FDI, Indian Stock Markets, Out sourcing. What w to 50,000 employees of Satyam Computers? Will the foreign compani
Compose Mail
continue to outsource to Satyam?
Inbox (1186) What will be the FIIs view on Indian Stock Markets? What are the fin implications of this scam on IT stocks and Indian stocks? How they d
Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
If a scam of this magnitude can happe such a major company, what about small and mid ca such a long time?
Unimaginable!
We need complete overhaul of system, accounting standards and com books to keep the confidence of investors on Stock Markets.
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Investors should believe in their research and gut feeling but not in b advice. Why any broker will tell you to stay away from stock markets Sensex at 10,200 on January 6th, 2009 = Sensex at 21,000 on Januar 2008. Where is the positive news that will give boosting and confiden companies and investors. But stock markets sometimes behave in str over short term. Fundamentals will alone save you.
I don't believe in: I am once again saying that I don in those resistances and supports. I don't believe in trading. I don't k any one buy derivatives. You will lose your lifetime earnings in a few stocks.
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
Current fall in stock markets may be triggered by Satyam fiasco. But inevitable fall. Recent stock market rally is triggered by brokers by gi positive statements in a systematic way to lure innocent investors. Si question to analysts. Everyone knew that economy deteriorated to unimaginable levels. Then why stock markets are rising?
50 left
preview invite
I believe in: Fundamentals of the company, Fundamentals of the business and fundamentals of the economy. Fundamentals will alone save you. Sto markets may move above or below the fundamental short term but finally come to real price. Every stock has some price according to the fundamentals. That price change according to the changing economic landscape and future pro Examples. 1. Larsen and Toubro is a good company. It commanded a valuation o the bull market. But it is now struggling to command a premium of 15 This is not due to the Company but due to weak economic land scape 2. Price is important but not others. ICICI Bank is the worst stock to but good buy at 300. Same stock but different advice due to price. Pr which you are entering is crucial. 3. Reliance Industries: This is a bad stock to buy when crude is aroun But good short term investment when Israel attacked Palestina. Only term.
Compose Mail 4. Timing: I am repeatedly saying that investing in a good company is enough. Every stock will fall when panic sets in. Value is very importa mad investors and speculators will buy stocks at above 10,000 Sense
Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
5. One investor asked me this question: "You wrote that Sensex will f Don't buy stocks. But stocks are rising and rising. Can I buy?". What Stock Markets sometimes move in opposite direction to the fundamen because of "big guys" who still have major say in the market moveme should not change our decision because of stock movements. We sho stick to our price.
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
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Never do trading. Your earnings will be wiped out in a few sessions. A believe in investing. Those days of buy and forget have gone. These a dynamic days. Things are now change in a few days. Derivatives are prepared by intelligent brokers for the benefit of the Why are you helping them by doing trading? There is a big difference short term investment and trading. I know many investors who bought Satyam at Rs 120-130 but are sti them at 180. They now lost all the profits. This greed will spoil good r When you get good returns over short term, exit it without thinking a upside. Are you not alone! LIC held 5% stake. Why is LIC still holding this sto Maytas news broke out? Never understimate stock markets and underlying fundamentals of th and business. Never become greedy. We don't know the complete fra in Satyam books. In the upcoming results season, everyone will keep eye on the Companies and managements. Worst statement: This is an isolated incident - Kamal Nath. I repeatedly wrote in the blog that we will hear more such news in th days. It is good if CLSA gives more clarity on this research article on Companies. SEBI failed to take significant action on JP Associates and their recent decisions. Just see what Hiranadani did! Government should take quick measures to revive the trust in the sys Otherwise effects of the Raju's fraud will be longer and severe.
Many largest stake holders exited from Satyam today but LIC is still p the company (On TV). Many investors are buying ULIPs from LIC. Tha
Quote: Satyam is India's Enron and Raju is India's Madoff. Request to Copycats: Please at least mention the source of the article
Compose Mail Inbox (1186)
Just see. How economy took the life of World 92nd richest man . No o spared.
Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
Breaking News:
1. Satyam Computers is replaced by Reliance Capital in the Nifty.
Contacts Quick Contacts Search, add, or invite
2. Satyam ADR lost 90% of value in NASDAQ.
jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
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3. ICICI Bank has no exposure to Satyam. LIC has around 5% stake.
4. AP Government will probe about Maytas financial position.
Recession news:
1. 6,93,000 jobs lost in December in USA - ADP Employer Services’ repor number!
Image courtesy: Guruji and NASDAQ.
Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
My comment: If an investor bought Satyam stock today means he is e speculator or a trader. Never do any of such activities in stock marke oath. Both will spoil your life. Stock markets are investment vehicles gambling centers. Always invest in stocks. Never speculate. There are opportunities for investors in stocks. Concentrate on research and fun but not on speculation.
preview invite
Big lesson: Stock markets are the most dynamic investment vehicles. yearly earnings will be wiped out in few hours. 50% hourly gains/los only in stock markets. Buy and forget will not work in these days.
When an experienced investor from Pune called me 4 months back an about many bad things about Indian promoters. I argumented with h time. His words are right.
Don't be fooled by Raju's letter. There are so many interwoven scams Satyam saga. Even some state Governments involved in this scam, ac Telugu TV channels. That's why I think that truth will never come out
Compose Mail Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
Email de
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Send photos easily from Gmail with Google's free photo organizer. Learn more You are currently using 229 MB (3%) of your 7282 MB. Gmail view: standard with chat | standard without chat | basic HTML Learn more ©2008 Google - Terms - Gmail Blog - Google Home
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More actions... 1 of 1473 Older ›
Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
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Stock Market Guide
Contacts Quick Contacts
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Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Huge fraud in Satyam Computers Posted: 06 Jan 2009 10:34 PM PST
Satyam Computers Chairman Ramalinga Raju resig Satyam Board and indicated huge fraud in Satyam Ramalinga Raju will be arrested along with some o rogues. This is the biggest scam in th history of corporate India. Andhra Pra Government already ordered for CBCID enquiry and deals of Maytas will be reviewed. Q3 results by Cor India will also come under scanner. Ram Mynampa as interim CEO of Satyam Computers.
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
preview invite
Many experts are thinking that total scam is around Rs 7,000 crore. inflated bank balance and cash reserves. Satyam management will c press meet with in 24 hours. What will they say?
Company reported operating margin of Rs 640 crore against Rs 64 c himself said that we committed this fraud to save us from the scam books which was done over many years. Satyam Stock lost 77% of value and is ended the day at 40. 14 crore share in the BSE Sensex while 33 crore shares were traded in the Nifty. Satyam s trading at a P/E of 1.5. IL and FS trust sold the pledged shares (by manage promoters now hold just 1.3% stake in the Company.
Compose Mail Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
BSE Sensex lost 750 points (7.2%) in just 3 hours after the Satyam fraud ne broke out. Nifty lost 6% of value and ended the day at 2920. Infosys, BEL an some major stocks that ended in the green. Real Estate and IT stocks suffer losses. BSE IT index lost 9% of value. Many real estate stocks lost 15-18% o
What is worrying is the fact that Government and NASSCOM are still trying to stating this as an isolated incident in stead of cleaning the system.
Read Ramalinga Raju letter to Saty Board:
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Satyam Raju Letter Publish at Scribd or explore others: Stocks Business satyam scam indian stocks Read Ramalinga Raju letter at Google documents. Special thanks to Arun V for sending me this letter.
Confidence is dented and trust is broken. Retail inve just account for 2% of Stock market investments. It difficult for stock markets to attract new investment will face charges in USA also and need to answer them as Satyam sto listed in the NASDAQ.
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
preview invite
Do you know that Satyam's Internal Audit team has joined the elite li companies across the world to have received "Recognition of Commit Award (ROC)" from "The Institute of Internal Auditors, USA (IIA)". S received corporate Governance award in 2008. Read the audit report of Satyam Computers in March, 2008. Price Waterhouse are the Chartered Accountants. This news will have huge implications. Foreign regulators will take se action and the Ramalinga Raju family will be in serious trouble.
This is my article on Satyam Computers when Mayta was broke out.
15 stocks that may shock investors. SEBI should do enquiry on these st also. If SEBI did enquiry, we will fi many companies like Satyam. My advice:
Huge implication on FDI, Indian Stock Markets, Out sourcing. What w to 50,000 employees of Satyam Computers? Will the foreign compani
Compose Mail
continue to outsource to Satyam?
Inbox (1186) What will be the FIIs view on Indian Stock Markets? What are the fin implications of this scam on IT stocks and Indian stocks? How they d
Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
If a scam of this magnitude can happe such a major company, what about small and mid ca such a long time?
Unimaginable!
We need complete overhaul of system, accounting standards and com books to keep the confidence of investors on Stock Markets.
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Investors should believe in their research and gut feeling but not in b advice. Why any broker will tell you to stay away from stock markets Sensex at 10,200 on January 6th, 2009 = Sensex at 21,000 on Januar 2008. Where is the positive news that will give boosting and confiden companies and investors. But stock markets sometimes behave in str over short term. Fundamentals will alone save you.
I don't believe in: I am once again saying that I don in those resistances and supports. I don't believe in trading. I don't k any one buy derivatives. You will lose your lifetime earnings in a few stocks.
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
Current fall in stock markets may be triggered by Satyam fiasco. But inevitable fall. Recent stock market rally is triggered by brokers by gi positive statements in a systematic way to lure innocent investors. Si question to analysts. Everyone knew that economy deteriorated to unimaginable levels. Then why stock markets are rising?
50 left
preview invite
I believe in: Fundamentals of the company, Fundamentals of the business and fundamentals of the economy. Fundamentals will alone save you. Sto markets may move above or below the fundamental short term but finally come to real price. Every stock has some price according to the fundamentals. That price change according to the changing economic landscape and future pro Examples. 1. Larsen and Toubro is a good company. It commanded a valuation o the bull market. But it is now struggling to command a premium of 15 This is not due to the Company but due to weak economic land scape 2. Price is important but not others. ICICI Bank is the worst stock to but good buy at 300. Same stock but different advice due to price. Pr which you are entering is crucial. 3. Reliance Industries: This is a bad stock to buy when crude is aroun But good short term investment when Israel attacked Palestina. Only term.
Compose Mail 4. Timing: I am repeatedly saying that investing in a good company is enough. Every stock will fall when panic sets in. Value is very importa mad investors and speculators will buy stocks at above 10,000 Sense
Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
5. One investor asked me this question: "You wrote that Sensex will f Don't buy stocks. But stocks are rising and rising. Can I buy?". What Stock Markets sometimes move in opposite direction to the fundamen because of "big guys" who still have major say in the market moveme should not change our decision because of stock movements. We sho stick to our price.
Contacts Quick Contacts Search, add, or invite jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Labels scdl emails Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
preview invite
Never do trading. Your earnings will be wiped out in a few sessions. A believe in investing. Those days of buy and forget have gone. These a dynamic days. Things are now change in a few days. Derivatives are prepared by intelligent brokers for the benefit of the Why are you helping them by doing trading? There is a big difference short term investment and trading. I know many investors who bought Satyam at Rs 120-130 but are sti them at 180. They now lost all the profits. This greed will spoil good r When you get good returns over short term, exit it without thinking a upside. Are you not alone! LIC held 5% stake. Why is LIC still holding this sto Maytas news broke out? Never understimate stock markets and underlying fundamentals of th and business. Never become greedy. We don't know the complete fra in Satyam books. In the upcoming results season, everyone will keep eye on the Companies and managements. Worst statement: This is an isolated incident - Kamal Nath. I repeatedly wrote in the blog that we will hear more such news in th days. It is good if CLSA gives more clarity on this research article on Companies. SEBI failed to take significant action on JP Associates and their recent decisions. Just see what Hiranadani did! Government should take quick measures to revive the trust in the sys Otherwise effects of the Raju's fraud will be longer and severe.
Many largest stake holders exited from Satyam today but LIC is still p the company (On TV). Many investors are buying ULIPs from LIC. Tha
Quote: Satyam is India's Enron and Raju is India's Madoff. Request to Copycats: Please at least mention the source of the article
Compose Mail Inbox (1186)
Just see. How economy took the life of World 92nd richest man . No o spared.
Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
Breaking News:
1. Satyam Computers is replaced by Reliance Capital in the Nifty.
Contacts Quick Contacts Search, add, or invite
2. Satyam ADR lost 90% of value in NASDAQ.
jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
Labels scdl emails
3. ICICI Bank has no exposure to Satyam. LIC has around 5% stake.
4. AP Government will probe about Maytas financial position.
Recession news:
1. 6,93,000 jobs lost in December in USA - ADP Employer Services’ repor number!
Image courtesy: Guruji and NASDAQ.
Edit labels Show all
Invite a friend Give Gmail to:
Send Invite
50 left
My comment: If an investor bought Satyam stock today means he is e speculator or a trader. Never do any of such activities in stock marke oath. Both will spoil your life. Stock markets are investment vehicles gambling centers. Always invest in stocks. Never speculate. There are opportunities for investors in stocks. Concentrate on research and fun but not on speculation.
preview invite
Big lesson: Stock markets are the most dynamic investment vehicles. yearly earnings will be wiped out in few hours. 50% hourly gains/los only in stock markets. Buy and forget will not work in these days.
When an experienced investor from Pune called me 4 months back an about many bad things about Indian promoters. I argumented with h time. His words are right.
Don't be fooled by Raju's letter. There are so many interwoven scams Satyam saga. Even some state Governments involved in this scam, ac Telugu TV channels. That's why I think that truth will never come out
Compose Mail Inbox (1186) Starred Chats Sent Mail Drafts (4) All Mail Spam (12) Trash
Email de
You are subscribed to email updates from Stock Market Guide To stop receiving these emails, you may unsubscribe now. Inbox too full?
(feed) Subscribe to the feed version of Stock Market Guide in a feed read
If you prefer to unsubscribe via postal mail, write to: Stock Market Guide, c/o Google, 20 W Kinz 60610
Contacts Quick Contacts Search, add, or invite
Reply
Forward
Invite Stock to chat
jiban mandal Set status here biplabacharjee admissionstatus biswajit.roy indranil.basak newadmissions race ShareKhan Digital... sougata.bose studentsstatus studentstatus
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Send photos easily from Gmail with Google's free photo organizer. Learn more You are currently using 229 MB (3%) of your 7282 MB. Gmail view: standard with chat | standard without chat | basic HTML Learn more ©2008 Google - Terms - Gmail Blog - Google Home
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