Wednesday, January 07, 2009

Enron is to Satyam what Andersen is to ________?

Someone will go down with Satyam , Is it a tenable argument that the Auditor, the CFO and the Banks were not in the loop... ? I have a point of view on why it could have been the auditor, but lets wait till PwC is investigated...Lets also hope its not the banker... that’s an industry that cant see another one go down...When Enron went down, one other company followed, it just turned out to be the auditor... Lets see which company Satyam takes down with it....

GG had an interesting line on twitter about this .. he said "This is the end of the SWITCH (#Satyam Wipro Infosys TCS Cognizant HCL). Now analysts will be left with a WITCH. No wonder they are spooked"