Friday, June 12, 2009

Tin foil hat time

Considering that Tech Mahindra is facing difficulties in dealing with the spurt in the share price of Satyam, this statement by the Satyam chairman seems suspiciously like an attempt to drive down the price to levels comparable to the open offer price. I dare say anybody in his right mind would deliberately talk down a company this way otherwise:
"It is hugely overstaffed, costs are very high, and the revenue picture in the immediate future is not that great."