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TCS, Wipro Play Waiting Game, Patni Makes its Move
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TCS, Wipro Play Waiting Game, Patni Makes its Move
Days after the biggest scandal to rock the Indian IT sector, everyone is now waiting to see what the other major IT players will make of this situation.
Surjeet Singh, CFO and chief of operations of Patni Computers has termed this event an isolated incident and an aberration . He also revealed that the company is in talks with key Satyam customers to enable business continuity with them. Singh said, While this case is bound to shake investor and customer confidence, I do not believe that it will taint the industry s illustrious past.
Others, such as TCS and Wipro have kept all Satyam accounts/business on hold terming it as uncertain situation.
Rumors of a possible merger/takeover have also gathered steam since the shocking revelations. However, probable suitors like TCS, Wipro, and Mindtree are keeping mum for the time being.
CXOtoday contacted Satyam in a bid to clarify this issue. A company spokesperson said no meaningful discussions have taken place at the board level regarding this issue. He said the board meeting scheduled this Saturday would shed some light on where the recent events leave Satyam in the short term.
Source:
http://www.cxotoday.com/India/News/TCS_Wipro_Play_Waiting_Game_Patni_Makes_its_M
Surjeet Singh, CFO and chief of operations of Patni Computers has termed this event an isolated incident and an aberration . He also revealed that the company is in talks with key Satyam customers to enable business continuity with them. Singh said, While this case is bound to shake investor and customer confidence, I do not believe that it will taint the industry s illustrious past.
Others, such as TCS and Wipro have kept all Satyam accounts/business on hold terming it as uncertain situation.
Rumors of a possible merger/takeover have also gathered steam since the shocking revelations. However, probable suitors like TCS, Wipro, and Mindtree are keeping mum for the time being.
CXOtoday contacted Satyam in a bid to clarify this issue. A company spokesperson said no meaningful discussions have taken place at the board level regarding this issue. He said the board meeting scheduled this Saturday would shed some light on where the recent events leave Satyam in the short term.
Source:
http://www.cxotoday.com/India/News/TCS_Wipro_Play_Waiting_Game_Patni_Makes_its_M
