WAT A SHAME

I couldn't have made a return to blogging on a more appropriate date. 7th of jan 2009 will go down in the annals of indian business as one of the most shameful in its history with many thanks reservered for mr. ramalinga raju and SATYAM. All the respect that the IT industry has earned over the years went up in smoke. creating artificial cash balances and reserves served what purpose GOD knows. what happened with satyam was very painful and must serve as a warning for the all the major IT companies, not IT alone but all the major companies in INDIA
In 2004 mr.raju was seen as a villain by north americans but now we see him as as villain too. the governance of the company has been a total failure. now we don't know what chain reaction this is going to lead too and how many more skeletons are there in the cupboard.
a message to all the investors around the world this satyam case is just an isolated one satyam is not the IT industry.....there are good honestly managed comapnies...this just represents one company and one person.
iw ill end up here but hope the repurcussions are small and not mighty we are already loaded with problems we don't want anymore..........