Satyam Computer Services

satyam banned from offshoring work with World Bank

Posted by : amithshs

http://timesofindia.indiatimes.com/Satyam_banned_from_offshoring_work_with_World_Bank/articleshow/3584627.cms

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 : 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 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 : vkk43

thanks for what, timex is drifting down like market. So also Titan.

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 : vkk43

Market is not going anywhere in a hurry. So we should buy at different levels.

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_Bulls

US dollar is at Rs 47.60 now

buy back ?

Posted by : snack

Would Satyam really buy back it`s own shares ? or would they rather buy some other company...Here is an interesting news report:

4th Oct 2008 - NEW DELHI: Loaded with huge amount of cash, Satyam Computers said it has accelerated the hunt for prospective companies that it could acquire globally even if the cost runs into billions of dollars.

Sensing opportunities arising out of the financial crisis triggered by fall of major banks and mortgage giants in the US, Satyam`s founder and Chairman B Ramalinga Raju told PTI in an interview that it is possible to raise 4-5 billion dollars as war-chest for acquisitions that strategically fit India`s fourth largest IT entity.

Raju said the company had a billion-dollar cash surplus and funds were not any issue when any potential acquisition opportunities came around. "The acquisition could be even in billions of dollars".

Asked if its next bid could be a billion-dollar deal as it could easily muster around Rs 15,000-20,000 crore by leveraging its Rs 4,000-crore cash pile, Raju said, "That is a possibility".

On whether it has asked its advisors and bankers to hunt for potential targets given cheaper acquisition opportunities in the backdrop of falling market valuations across the world markets, he said, "We have accelerated the process... the valuations have become more attractive than what they used to be".

Loaded with reserves and surplus of over Rs 7,000 crore at the end of last fiscal, the company`s guidance (target) is to reach about Rs 11,000 crore (2.6-2.7 billion dollar) of revenue in the current fiscal. It had recently acquired an entity for 280 million dollars.

Satyam`s revenue grew to 2.14 billion dollars in the latest fiscal FY08, up from 1.46 billion dollars in FY07.