where will satyam End?

Black day in corporate world - Jan 7th 2009
Satyam with a strength of 53000 employees is in its one of the worst days effecting the stock markets at mumbai and new york.. it all happenned from the small stop gap arrangement in the excel spreadsheets and account books ... how will it recover and where will it end is a big question.. B-schools have got a new topic to read and research..the family owned business after the split of reliance.. so where will it end up finally.. reliance had money.. but satyam is showing fraud..and bankruptcy..
These are strictly my personal views and nothing legal or from any book.
On my view, the over valuation was only done for Maytas which was rectified with the resource cut, but never there was anything on satyam share books. International auditors cannot miss the validity and clear the account books. So my opinion is money would have floated into the maytas business with out the consent of stakeholders, thinking it also as a part of family run business in the recent years. In order to cover up the money that was sent to maytas and to legalize the funds that were diverted into maytas by satyam there was a high drama of satyam buying out maytas, which probably Mr.Raju never thought can backlash because of his 8 percent holding. when promoters and board directors backed off and did not permit the merging. the deficit had to be covered for the legal and accounting purposes. Suddenly when board and auditors started to scrutinize the account books, there was no other way out rather than accept that balance sheets were wrong.
In order to cover up the balance, the loss was projected from 2001 so that people get engaged in reviewing the records from 2001. Once the share values come down, and other corporates back off for purchasing satyam. Maytas will be the only lamp post, guiding satyam. So we can expect an other high drama of Maytas taking over satyam.
So if A cannot become B, there is a scope of B becoming A, my guess is Maytas in acceptance with the government will end up taking satyam if everything goes as planned.
The fresh journey of maytas from infra would start into the IT world.

I will wait and see whether my corporate script would work the way i thought.
Pradeep
Bzinez.com