Check out AITC homepage. These guys are in the Satyam thing up to their necks.
“B. Ramalinga Raju, chairman of the scandal-plagued Indian outsourcing specialist Satyam Computer Services, has resigned, confessing that he had conspired to cook the firm’s books for several years.
In a letter to Satyam’s board, which was released Wednesday morning to the stock exchanges and market regulator, the Securities and Exchange Board of India, Raju owned up to inflating the firm’s cash and bank balances by $1 billion and fudging the firm’s revenues and operating margin in the quarter that ended in September 2008. The actual operating margin was 3% ($12.5 million), on revenues of $434 million, as against the incorrectly reported operating margin of 24% ($133 million), on $554 million in revenues. Debts were overstated by $100 million, and liabilities understated by $253 million.”
Did I forget to mention that H1B’s are the scourge of US Technology professionals? They have no loyalty to the USA, and to have these H1bbi-J1bbities Indian and Paki vermin installing McAffee (in)security on any government platforms is beyond stupid. Now Congress has put off the DTV transition until June 21st, with the express purpose of outsourcing the NMS and security to freakin H1B’s.
Idiocy abounds.
The USA has very few remaining industries where we dominate. IT / software is one of the last. We spend tons of money to train H1B's, they mostly create crap software, and their government subsidizes their local industry to take our jobs away. Make no mistake - they don't want to "partner" with us - they want to take away the industry from us.
I watched this at Texas Instruments - the inventor of the semiconductor. TI built packaging facilities (putting the chips into their chip carrier) in Japan, Taiwan, The Philippines, and Singapore. TI paid Japan to learn their semiconductor technologies and industry, to save a few bucks in the labor side of the process.
In 1984, TI was the largest commercial SC manufacturer. By 1986, they were #5 - behind 3 Japanese companies and Motorola. They gave away their intellectual capital to a determined foe (the proverbial giving your enemy the rope so they can hang you). TI recouped some monies back in patent infringement, but they lost the multi-billion dollar market.
We just never learn! :-(