Satyam

I guess its a sort of a season for scandals, ponzi schemes and the likes.

Here is a faxcopy of the letter Satyam's Ramalinga Raju wrote. Read it.

I partly feel sorry for the bloke. But then, he ought to have been happier with lesser, but truthful numbers.

The whole thing reads like a nice basic tutorial on basic balance sheet reading though!

The satyam stock closed at near 40 bucks a piece today - down 77%! I darent check my portfolio today.

As Mr.B (Remember poor S !? who drowned on new year's eve) told me today, kaalam kettu, 'sukra desai' seriyillama kedaku, poi pallivaasala mandirikanum !

*yawn*