Archive for From the “so glad I got out of IT when I did” department.

Satyam Accounting Fail

Posted in Funny! with tags on January 8, 2009 by hotpoo

More news on the Satyam front. Read one of the articles here. Favorite quote:

Interim Chief Executive Officer Ram Mynampatisaid Satyam may have to restate earnings and he couldn’t be sure the company had enough cash for this month. “Our liquidity position is not very encouraging,” Mynampati told reporters in Hyderabad today.

Haha. Yeah… only 50 billion rupees worth of “fictitious assets.” Our bad.

This is also killing the Indian stock market and rupee. It’s equivalent to the Enron scandal that helped put the final nails in “dot com implosion” coffin that rocked the US market not so very long ago.

Several someones are going to burn for this, I assure you. Pity they aren’t like China… they would simply behead them.

I only have one thing to say about this…

Posted in Funny! with tags on January 7, 2009 by hotpoo


Ha ha!


Ahhh… Better now…