Thursday, January 08, 2009
A Satyam theory I like
A friend of mine suggested the following:
- Satyam's profit margins, according to the theory, were not 3%, but were (are) 15-20%
- They did have $1B in cash.
- The cash was siphoned off by Raju and family.
- They are now trying to fake it all by saying there was no cash.