Here’s an update on the Satyam corporate incident from Dec-Jan, on which we had shared our thoughts. Tech Mahindra has emerged as the winning bidder for the 51% equity stake sale in Satyam. Tech Mahindra is also an IT outsourcing services company, and this development is a relief for Satyam’s employees and customers worldwide.
Kiran Karnik, the interim chairman of the Indian government appointed board of Satyam, said that it is up to Tech Mahindra to decide the way forward for Satyam. And of course, it shouldn’t be any other way. Tech Mahindra now has a wide array of restructuring projects as it tries to merge/rationalize Satyam’s services into its overall IT services portfolio.
Yahoo has reported a loss in the final three months of 2008 as the economic downturn hit sales of online ads.
Yahoo has a similar global people reach as Google, of about 450 million people, or 30% of global Internet user base, but the lack of revenue producing assets makes the difference. Yahoo has no strong answer to Google Adwords even today after 3 years.
