In a significant move, Research In Motion (RIM), last week, has filed a lawsuit claiming Motorola improperly blocked the Blackberry maker from hiring employees Motorola has already fired or plans to terminate.
Earlier in February this year, both RIM and Motorola decided not to plead for each other's employees.
India’s fourth largest software export company, Satyam Computer Services suffered yet another blow with resignation of three more independent directors on its Board in the midst of rumor that the company’s founder chairman Ramalinga Raju may quit over Maytas deal disaster.
The company’s independent directors, M Rammohan Rao, who is Dean of Indian School of Business, Vinod Dham, a US-based technocrat widely regarded as “Father of Pentium” and Krishna G Palepu, professor of business administration at Harvard Business School, resigned from the nine-member Board.
Satyam Computer Services today (Monday, Dec 29) gained nearly fifteen percent (15%) on the Bombay Stock Exchange (BSE) after the company said it will mull over a possible business restructuring in its board meeting, now postponed to January 10, 2009.
The scrip opened strongly at Rs 133 and moved upwards to Rs 156.60, up 15.6%, from the last closure on the Bombay Stock Exchange (at 2:29 pm).
In a bid to enhance the shareholders’ value, country’s No. 4 software services exporter, Satyam Computer Services has decided to engage the services of DSP Merrill Lynch.
Earlier on Saturday evening, the company decided to postpone its December 29 meeting and also enlarged the agenda, which was only to discuss the buyback option.
It is learnt that the Satyam Computer Services could also see a change in the composition of its board when it meets on January 10 (as against the earlier date of December 29).
Even as the investor community is worried about the developments, Satyam Computer Services has postponed the crucial board meeting, which was to have taken place on Monday (Dec 29).
A Satyam representative said, “The meeting has been postponed to ensure physical participation by all members on the board. The idea is to have extensive discussions on all the issues, including buyback.”
In a significant move, Research In Motion (RIM), last week, has filed a lawsuit claiming Motorola improperly blocked the Blackberry maker from hiring employees Motorola has already fired or plans to terminate.
India’s fourth largest software export company, Satyam Computer Services suffered yet another blow with resignation of three more independent directors on its Board in the midst of rumor that the company’s founder chairman Ramalinga Raju may quit over Maytas deal disaster. 
Compucom Soft
Satyam Computer Services today (Monday, Dec 29) gained nearly fifteen percent (15%) on the Bombay Stock Exchange (BSE) after the company said it will mull over a possible business restructuring in its board meeting, now postponed to January 10, 2009.
In a bid to enhance the shareholders’ value, country’s No. 4 software services exporter, Satyam Computer Services has decided to engage the services of DSP Merrill Lynch.
Even as the investor community is worried about the developments, Satyam Computer Services has postponed the crucial board meeting, which was to have taken place on Monday (Dec 29).
