Source: IRIS (03 June 2009)
Satyam Could Have Been Caught Earlier - Hard Evidence! Email      Print
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<http://www.myiris.com/viral_1.jpg>

How could Satyam have announced results that fitted so perfectly to a nicety
as the graph along side indicates and not get caught by an analyst is a
question that should baffle one and all.

What odds can one give the possibility of a perfect fit getting thrown up
from the numbers as one can see here.

Not much anyone with a rational streak should think, unless someone at
Satyam was fiddling with the numbers. It is amazing that three key items,
Gross Margin, Revenue and Cost of Goods Sold, each have the same growth rate
of 13% in 2005, 18% in 2006, 24% in 2007 and 35% in 2008.

These results were thrown up by a diagnostics package used by a firm which
makes BI software. If they could catch it, wonder why the rest of the world,
especially the hot shot analysts, did not. Perhaps they were pitching for
the compamny and not the investors, could one say?

Whoever says that a picture is worth a thousand words was certainly not
exaggerating.

<http://equityshow.myiris.com/2009/>



-- 
Thanks & Regards,
Abhishek Kothari

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