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Satyam Computer Services
Satyam banned from World Bank
Posted by :
zoombusinessTracked by: 0 Boarder
Satyam Computer Services has reportedly been banned from doing any off-shore work with the World Bank after the Bank\`s forensic experts discovered that spy software was covertly installed on workstations inside the bank\`s Washington headquarters, allegedly by one or more contractors from Satyam Computer Services.
According to a Fox News report, the forensic analysis was conducted after a major breach of the bank\`s treasury network in Washington in April this year. Upon its discovery, insiders report, bank officials shut off the data link between Washington and Chennai, India, where Satyam has long operated the bank\`s sole offshore computer centre responsible for all of the bank\`s financial and human resources information.
Satyam was also banned from any future work with the bank. \"I want them off the premises now,\" Zoellick reportedly told his deputies, according to Fox News. But at the urging of CIO De Poerck, Satyam employees remained at the bank as recently as Oct 1 while it engaged in \"knowledge transfer\" with two new India-based contractors. The software enabled every character typed on a keyboard to be transmitted to a still-unknown location via the internet.
Fox News claims that outsiders have raided the World Bank Group\`s computer network, one of the largest repositories of sensitive data about the economies of every nation, repeatedly for more than a year. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution\`s highly restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank\`s network for nearly a month in June and July.
The contract, which began at $10 million and grew to more than $100 million by 2007, was suddenly not renewed this year.
-DNA-
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Satyam will short term target 150.
Posted by : GuestTracked by: 0 Boarder
350
do not be surprised...
In reply to:
Satyam will short term target 150.
Posted by :
amitbull
satyam is available at mouth watering valuations.
this is time whrn to become conrarian and buy i do not expect this stock to go below 200 in even panic scenario in market.
I have target of 435 by december so sell your house and buy 
likely to witness good upside...
Posted by : novice1000Tracked by: 0 Boarder
dear all,
The present bottom is very likely to be the bottom for the time being and there are more chances of this counter witnessing some good upside in the days to come.
However this should not be mistaked as long term call.
regards...
In reply to:
likely to witness good upside...
Posted by : hardybull
. . yup! methinks enuf is enuf . . . lowered guidance and everything else apart these have to be the movers on the way up . . . has to find its levels back at the 350+ to begin with enroute to the 400+ mark . . . . :-) . . . Inshallah!!
Satyam will short term target 150.
Posted by : amitbullTracked by: 0 Boarder
satyam is available at mouth watering valuations.
this is time whrn to become conrarian and buy i do not expect this stock to go below 200 in even panic scenario in market.
I have target of 435 by december so sell your house and buy...
In reply to:
Satyam will short term target 150.
Posted by : cleverboy_m
get out from this one.
Satyam will short term target 150.
Satyam will short term target 150.
Posted by : cleverboy_mTracked by: 0 Boarder
get out from this one.
Satyam will short term target 150....
Satyam may fall to 170....
Posted by :
jstocksTracked by: 0 Boarder
One more negative news on Satyam that some of its associates have been stealing data from World bank servers during the course of maintenance. Im not sure how much of this is true, but it may take this stock to the levels and much lower that what you mentioned....
In reply to:
Satyam may fall to 170....
Posted by : marketman
Everything going bad in satyam at the moment.... many of theiramerican clients are in problem.... severe job cuts in the company sending poor signals to markets.... top executives selling the scrip is giving additional pressure on the counter....
Unless otherwise,the management shows some interest in the share price,there is little chance for investors to get profits in the counter....
Analysts expecting present weakness may be continued for some more time and projecting the down target to 170 levels in coming sessions....
Satyam may fall to 170....
Posted by : vkk43Tracked by: 0 Boarder
It is really very sad. There has been no action from Promoters side so long....
In reply to:
Satyam may fall to 170....
Posted by : marketman
Everything going bad in satyam at the moment.... many of theiramerican clients are in problem.... severe job cuts in the company sending poor signals to markets.... top executives selling the scrip is giving additional pressure on the counter....
Unless otherwise,the management shows some interest in the share price,there is little chance for investors to get profits in the counter....
Analysts expecting present weakness may be continued for some more time and projecting the down target to 170 levels in coming sessions....
Satyam may fall to 170....
Posted by : marketmanTracked by: 0 Boarder
Everything going bad in satyam at the moment.... many of theiramerican clients are in problem.... severe job cuts in the company sending poor signals to markets.... top executives selling the scrip is giving additional pressure on the counter....
Unless otherwise,the management shows some interest in the share price,there is little chance for investors to get profits in the counter....
Analysts expecting present weakness may be continued for some more time and projecting the down target to 170 levels in coming sessions.......
Satyam may plan for buyback....
Posted by : vkk43Tracked by: 1 Boarder
It is all because of market weakness. All shares are falling like nine pins. Monday will again b weak....
In reply to:
Satyam may plan for buyback....
Posted by : phk
At 14/50 you told me to wait/// ,at 12/10, and today at,11,rs , should i not thank you vkk43??this share of timex has nothing to do with present market it is for long term investment,//also rico auto at 13/10//PHK//
Satyam may plan for buyback....
Posted by : phkTracked by: 1 Boarder
At 14/50 you told me to wait/// ,at 12/10, and today at,11,rs , should i not thank you vkk43??this share of timex has nothing to do with present market it is for long term investment,//also rico auto at 13/10//PHK//...
In reply to:
Satyam may plan for buyback....
Posted by : vkk43
thanks for what, timex is drifting down like market. So also Titan.
Satyam may plan for buyback....
Posted by : vkk43Tracked by: 1 Boarder
thanks for what, timex is drifting down like market. So also Titan....
In reply to:
Satyam may plan for buyback....
Posted by : phk
thanks again,vkk43,to day i got 50 shs 11/PHK
Satyam may plan for buyback....
Posted by : phkTracked by: 1 Boarder
thanks again,vkk43,to day i got 50 shs 11/PHK...
In reply to:
Satyam may plan for buyback....
Posted by : vkk43
Market is not going anywhere in a hurry. So we should buy at different levels.
NSE Announcements on Satyam
Posted by : MMB MessengerTracked by: 0 Boarder
Satyam Computer Services Ltd has informed the Exchange that the Compensation committee of Directors of the Company allotted 72097 equity shares through circular resolution on September 30, 2008 approved on October 08, 2008 under stock option plans of the Company. Further, consequent to the above allotment, the paid up share capital of the Company has gone up from 673,487,968 equity shares of Rs.2/- each aggregating Rs. 1,346,975,936.00 to 673,560,065 equity shares of Rs.2/- each aggregating Rs. 1,347,120,130.00....
buy back ?
Posted by : hardybullTracked by: 0 Boarder
Yes . . . there is an over-reaction compounded by negative sentiment . . . terrific time to salt away at cmp to reap a rich harvest in brighter turns not too far from now!! :-)...
In reply to:
buy back ?
Posted by : hardip singh
Despite the downfall of a few of its major US clients, Satyam continues to brave the storm with full vigour. Despite the assertions of Mr. Raju, market is not responding to the good news. Are their any reasons other than overall negative sentiment globally for the steep downwards slide of the share price of Satyam computer? If the order book from USA is impacted adversely due the to the subprime crisis, why should the company be betting on the aquisitions of the US companies available at lower cost, if its client base is diluted. Have the investors over-reacted on the bad news from USA?
Bill Gates positive on US IT business now
Posted by : IT_BullsTracked by: 0 Boarder
Infosys profit at Rs 1432 crores; 10 percent QoQ profit....
In reply to:
Bill Gates positive on US IT business now
Posted by : IT_Bulls
US dollar is at Rs 47.60 now
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