Satyam stock is down 28% from the 185 levels I talked about in my last post, a few minutes back!
Update: Ramalinga Raju, the CEO, has resigned. He has sent a letter saying he cooked the books. DSP-Merrill Lynch, a firm retained for corp. governance, has terminated its association with the company.
This is horrendous. Horrendous. Stock down 50% now.
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