Satyam Invites Investor Bids by Thursday

Satyam Computer services made an announcement today for the start of a Bidding process that could lead to an investor acquiring a majority stake in the company. This was the news going around the market for the past few days that satyam got to be acquired by L & T or Tech mahindra or any other company. But this annoucement gonna stop those assumptions and the bidding is open to all the bidders.

Indian regulator, Securities and Exchange Board of India (SEBI) has given permission to Satyam to sell 51% percent of the company's equity in a global bid
While 31 percent of the stake will be offered by way of a preferential share offering, another 20 percent will have to be purchased in an open offer from other shareholders of the company, in line with Indian regulations.

Interested bidders have to register their interest online with the company by 5.00 p.m., local time, on Thursday. They will then receive a request for proposal from the company and are asked to submit a detailed expression of interest by Friday.

As satyam is known for its Background verification when recruiting employees for the company, this is the same even when it is choosing the owner for themselves. sounds funny but check it out,


Bidders will have to provide proof of access to at least 15 billion rupees (US$292 million) in funds.

Bidders who are going to get registered must show the proof of access to at least Rs 15 Billion in funds.

But only few selected bidders will have the access to the company's financial data and other information about the company which makes them have a clear picture about the company.

Next comes is access to certain business, financial and legal diligence materials will be provided to shortlisted bidders only after they have executed several agreements, which also has an non-disclosure agreement.

After all this short-listed bidders will be asked to submit their bids and an executed copy of the share subscription agreement.The company did not list the procedure by which bidders will be short-listed, and did not specify what type of financial and business information will be released to bidders on the short list. A company spokeswoman said no further information on the bid process is available at this point, apart from the company statement.

The process for selecting a bidder will be overseen by a former chief justice of India or a former Supreme Court judge appointed by the company, Satyam said.

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Microsoft Store

Many heard that microsoft is launching a stores similar to apple store. But we are not sure about the similarities with Apple store as Stephen Baker, director of Industry Analysis at the NPD Group said that "Launching retail stores is all part of Microsoft being more customer-focused, more partner-focused, and really looking at how to changes its business and change the direction they are going," Baker said. "It really has nothing to do with Apple. Apple and Microsoft have very different businesses and business models."

Well Stating on this Microsoft said they have recruited David Portera, 25-year Wal-Mart veteran, is joining Microsoft as its corporate vice president of Retail Stores.Porter will head Microsoft's efforts to create a better PC and Microsoft retail purchase experience for consumers. He'll report to Microsoft COO Kevin Turner.

We just need to keep an eye with what strategies this stores going to be launched. There is no report from microsoft about the lauch of microsoft store.

speaking on this porter said "There are tremendous opportunities ahead for Microsoft to create a world-class shopping experience for our customers . I am excited about helping consumers make more informed decisions about their PC and software purchases, and we'll share learnings from our stores with our existing retail and OEM partners that are critical to our success."

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Sony Ericsson's W995 Preview

sony's Mobile technology has reveiled another master piece w995 . The New gadget announced by the sony has an awesome look which can be stated as eye catchy.On the outside it sports a thin slider design in progressive black, cosmic silver, or energetic red. Its front face is dominated by a 2.6-inch display, which should lend itself well to watching everything from music videos to movies. You'll also find a desk stand (very nice!) and stereo speakers.

The W995 will be available in the second quarter of this year for an undisclosed price. The W955 will be quad-band GSM (850/900/1800/1900) and dual-band UMTS (900/2100), while the W995a will be quad-band GSM and tri-band UMTS (850/1900/2100).

For more information please check Sony ericssion W995

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Japanese Cell phone Having 3D display

Now we can just call it as an Mobile or cell phone's Era as people do use these gadgets to shop, exchange em-mails and also watch digital tv's. As going through this phase japanese has introduced one more feature "3D" effect in the display of Cell phone.

Now comes another dimension to the ever-growing list of eye-catching mobile features: the 3D display.This featured was first included in Hitachi's mobile which started its sales on the last month at the price of 510 $. It has a tiny button which states as 3d at the bottom of the keyboard which when pushed makes the display mode in to 3D mode.

This is pretty similar to the technology which is used in Tv and movies which uses 3D technology.Wooo phone comes with its own invisible barriers packed inside the display to ensure the 3D effect.The 3D feature works for any image, but it would be more enjoyable if there were more mobile content especially designed for 3D. I hope poeple wont say that there is no 3D effect in reading an e-mail.

There are no plans to sell the 3D cell in the United States and other overseas markets, according to mobile carrier KDDI Corp., which offers the phone. KDDI doesn't disclose the number of 3D handsets sold so far.

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IBM Launches Green Consulting Service

For the past few years Government was publisising about the importance of environmental impact. Its a tedious thing to analyze energy and water use, assess waste management, evaluate overall environmental impact and develop improvement strategies.

Now IBM has introduced the consulting service for the government to provide them a facility which eases their assement on this environmental stuff. They provide the Government to have better understanding on overall performance on Environmental issues, identify improvements that can increase energy efficiency, reduce environmental impact including greenhouse gas emissions, and help ensure public institutions meet their own rising environmental standards.

This was very good thing initiated by IBM as this is requirement which is in need by the people ."Citizens everywhere are demanding that governments improve efficiency and reduce environmental impact, and public officials at every level are responding by raising standards for how they operate," said Eric Riddleberger, IBM's business strategy consulting global leader, who heads up the company's corporate social responsibility consulting efforts. "Using a comprehensive approach that employs new, smart processes and tools to assess current performance and develop improvements can help public agencies meet those standards while maintaining proper levels of public service."

By using this service the consumer can judge the requirements according to the priority given by the system. Like they provide the informtion about the priority using the colour coding. Red suggests that it is an high priority action. Using this Government can get assistance in developing the strategies for implementing the changes.

Specific areas addressed in the diagnostic are: environmental management systems; energy and greenhouse gases; water management; waste and disposal; facilities and equipment; and workforce programmes.

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