Satyam and IBM

There has been some nice rumour going on:

• 16 January 2006: Financial Times reported that IBM plans to aquire a stake in Satyam.
• 18 January 2006: Satyam denied if such a talk ever happened.
• One of the Senior Vice President and a director of Satyam decided to resign around this period, and finally quit in October. There is a horde of people who are leaving along with that guy (why would they leave and why should he take them along is a mystery to me!!!).
  

Steve Hamm writes from World Econonic Forum Blog

While the India Economic Summit has been going on, the Indian tech industry has been swept by another wave of takeover rumors. The word is that IBM is about to buy Satyam, India’s fourth-largest IT services outfit.

The rumour still continues.