Recession strikes PC sales
The News Review:
- Recession strikes PC sales
- Satyam board leaves CE CF choice to Centre
- PC Makers Don’t See Sales Spark From Microsoft’s Windows 7
- Week in review: Changes at the helm
- CID gets custody of Raju brothers
- Class action may stall Satyam takeover
- Satyam accounts: Clear picture only after final probe report says …
Recession strikes PC sales
CrunchGear NY
Despite portable sales still being positive the major dip in desktop sales brought the overall PC sales volume down by 0. 4% compared to the previous year. Guess it’s kind of hard to foot the bill of a new Vista computer when your XP machine is running fine and you just lost your job.
Satyam board leaves CE CF choice to Centre
Hindu Business Line India
‘Govt a facilitator’ Meanwhile Mr P. Gupta Minister for Corporate Affairs reiterated that the Government role was that of a facilitator and all the decisions would be taken by the board including the appointment of CE and CF. n the issue of whether the board could nominate someone internally from the company as CE and CF Mr Gupta told Business Line that “It was entirely up to them and they are free to choose whomsoever they feel competent. ” Confidence building The board reiterated that they were in touch with key customers and so far have not heard of deliveries being affected in any way. It reaffirmed confidence in the associates (employees) and their ability to continue delivering high quality work as per the stated Service Level Agreements. Police custody Mr Raju along with Mr B.
PC Makers Don’t See Sales Spark From Microsoft’s Windows 7
CNNMoney.com
’s (MSFT) new Windows 7 operating system software to provide muchof a sales spark when it debuts later this year an influential investmentanalyst says. Barclays Capital analyst Ben Reitzes during a conference call Monday saidnone of the computer makers with which he met at the recent Consumer ElectronicsShow in Las Vegas cited Windows 7 as a potential sales driver even thoughcomputer makers that adopt the software can add features such as touch screensor prolonged battery life. PC makers aren’t holding out much hope because they “feel burned by Vista”the operating system software that Microsoft started selling in early 2007Reitzes said. perating systems command and control key computer functions. Thelaunch of Vista was marred by a largely negative critical reception. Althoughmany critics say the operating system has improved many corporate buyers haveheld off on installing the system preferring to remain with its predecessorWindows XP.
Week in review: Changes at the helm
CNET News CA
The software sector by contrast is expected to suffer less with spending anticipated to come in at $388 billion roughly the same level as last year. Meanwhile after several years of seemingly tireless 15 percent quarterly growth the PC industry hit a wall at the end of 2008. html” >verall PC shipments worldwide dropped 0. 3 million units during the fourth quarter according to IDC’s Worldwide Quarterly PC Tracker study.
CID gets custody of Raju brothers
NDTV.com India
The court will decide on Monday whether stock market regulator SEBI could also interrogate him. Andhra Chief Minister YSR Reddy has said that in addition to the CID other agencies can also interrogate him. Ramalinga Raju is being questioned in police custody on how the Rs 7000 crore black hole came about in Satyam’s accounts even as Central minister PC Gupta said investigating agencies suspect it has been siphoned off. The state government meanwhile denied any fear or favour as far as awarding contracts to Satyam and Maytas went. Ramalinga Raju his brother Rama Raju and former CF of Satyam Vadlamani Srinivas being shifted from Chanchalguda jail to CID custody in Hyderabad. Till 10 am on the January 22 every day they can expect to be grilled from 7 in the morning to 6 in the evening though it will have to be in the presence of their counsel. SEBI will have to wait for a court order on Monday to know if they will get access to Raju.
Related from Journowiki: Is Andhra govt soft on Raju brothers?
Class action may stall Satyam takeover
Hindu India
It’s just the logical beginning for the month-long episode that caught the disgraced chairman of Satyam Computer Services B. Ramalinga Raju and his co-accused erstwhile top-brass of the company in a maze of controversies. Legal issues While the numerous legal and other issues are exacerbating by the day little has anybody recognised the importance of the pounding of the New York Stock Exchange-listed (NYSE) Satyam Computer in the form of class action lawsuits. As many as 11 class action lawsuits were slapped on the company in the U.
Satyam accounts: Clear picture only after final probe report says …
Hindu Business Line India
18 The Corporate Affairs Minister Mr P. Gupta on Sunday said that it was too early to come to the conclusion that there had been a diversion of funds from Satyam. “The initial report from the Registrar of Companies (RoCs) indicated untrue picture of accounts of Satyam which could be because of inflated sales figures and profits. But this is only the initial report.
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