Satyam - Hey Ram !

Over 2 weeks have passed since i vowed to myself about blogging regularly. It takes a while to fall back into the habit I guess. But then at least I was more "Satyam" than the Satyam which has kept Indian and international investors entertained by its less than Satyam act.
But it is not a unique case of corporate fraud, the examples of which are littered through Corporate history. Nor is it unique to India or IT industry.
Having said that I dont think it can be generalized to apply to all IT companies in India. However, it does invite closer scrutiny of other IT companies. Especially in focus would be family managed firms that went public and essentially forayed into this field at a time when Indian Stock Market made IPOs go over-subscribed just for the mention of word tech in the company. That was also a time many non-IT companies also kept their names as 'Tech' or 'Sys' to take benefit of the market frenzy.

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