Satyam – when scam shines some people make hay
I had set up an email alert from Google to get automatic notifications on all new developments in the Satyam saga. I am compiling all of them to be posted here in this blog so that anyone who wants to see all those news, blogs and articles in one place can access them from this website.
This post, however, is not about that.
Today I got a news alert that Satyam Inside-out story is being sold by Everest Research Institute for US $ 499. It is a compiled report giving an insight into the fraud. The package also includes an update of the story as it emerges.
I do not know how this report has been compiled. Whether it has original writings or has information culled from the internet, blogs, newspapers and magazines is not known.
If it only has reports produced by the research institute there is nothing wrong in pricing and selling it. What if it contains information cut and pasted from various sources?
Even if a credit has been given to the sources, is it ethically right to earn money out of original work of somebody else?
What is your view? Do you think it is a personal choice of the person/ institution selling it and the person buying it or do you think it is ethically wrong and opportunitic?
Read the entire story here
Tail piece:
While the Indian markets were crashing only one share was trading strong, both yesterday and today. What was that share? Satyam Computers.
The following factors seem to be working positive for the Satyam share price:
a) The experienced new Board that is taking action on a war footing
b) Initial investigations pointing to bogus employee count of nearly 10,000 and thus meaning siphoning of cash (which means the margins on actual business were not 3% but more)
c) Speculated interest from Larsen & Toubro (L & T) which is one of India’s most professionally run companies, in taking over Satyam
Good for the shareholders of Satyam and intelligent speculative investors who have bought the shares when the world was selling.
Read one of the most popular blog posts on Satyam Fraud on the net here
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Hi Sathya,
So back on Satyam? It is bad if the copy-pasted story is sold. It would have been much better idea if Everest Research Institute has provided the same compilation to few educational institutes as case study.
But on the otherhand even if it is a copy-pasted one, the time it takes for one person to collect all the data so far released on Satyam on the web is going to be a one up-hill task. In a way, it reduces surfer’s and researcher’s time. However, the originality will not be there in this compilation.
I am at your side (not to buy or encourage).
Yeah! every news – good or bad – is creating opportunity in monetary form or the other..
Even this blog would have attracted more visits thanks to the frequent reminders/posts in the Google forum
back to the report – since they are targeting Satyam’s client – guess it should be more of an insight than plain news.
Pattabi,
Welcome to my blog.
I agree with you. Even this blog got lots of traffic, no denial of the fact. However, would it have been right if I copy paste from several blogs and make the users pay a subscription US $ 5 per visit?
Hi
I think the report is more about strategies for dealing with the situation and includes the news updates as part of it.
Even otherwise, I think the key point to understand is what they advertise it as and what it is.
- If they say it is original research and it is cut-paste then it is cheating
- If they call it a news compendium and sell it, who are we to criticise(if somebody wants a news compendium for $499, he/she values his time highly and is getting in with eyes open).
I am saying it is demand-supply situation. Again I am assuming the news compendium gives credit to sources(and pays where applicable)
Hunter,
I am in 100% agreement with you.
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