The VAR Guy has had a bad feeling about Satyam and its business practices for several years. He told you so a few weeks ago. Now, the company’s CEO is leaving amid an alleged accounting scandal. Wall Street is shocked. Our resident blogger isn’t.

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4 Comments on “Satyam: Told You So”

  1. aikiwolfie Says:
    January 7th, 2009 at 1:20 pm

    Wall street is shocked by an accounting scandal? Must mean they’re all desperately trying to hide their own dodgy dealings.

  2. The VAR Guy Says:
    January 7th, 2009 at 1:49 pm

    Aikiwolfie: The VAR Guy could be wrong, but Satyam sounds like a case of absolute power (a closely held family company) corrupting absolutely. Looks like Satyam’s stock is down more than 90% today (Jan 7) on the news…

  3. Raseel Says:
    January 7th, 2009 at 1:50 pm

    It’s a sad state of affairs man !!!

  4. The VAR Guy Says:
    January 7th, 2009 at 3:23 pm

    Fantastic, concise blog about Satyam’s fall over on Matt Asay’s The Open Road.

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