Satyam might be facing the heat right but the Satyam saga has clearly dealt a blow to the Indian IT dream.

The IT industry represents modern India. They are the ones who have created brand ‘India’ on Wall Street.

But Raju's fraud might change the Indian IT dream forever.
After all, the fourth largest Indian IT company, Satyam has fallen off the cliff, in what unfolds as the most dramatic frauds of recent times.

Now, the clients would think twice before engaging with an Indian IT vendor.
The reason is simple—they would ponder over whether the law of the land can be trusted anymore.

However, Narayan Murthy, the founder of Infosys, said "One apple is bad doesn’t meant everyone is bad."

Well, even as Murthy calls it a one off case, Infosys has already started promising more disclosures to its investors and whatever it takes to keep the clients’ trust.

Also, industry body Nasscom has swung in action, asking companies to switch to the top gear so as to retain their clients.

Som Mittal, President of Nasscom, said,"We are asking companies to make more disclosures on governance issues to their clients."

It’s certainly going to be tough ride for the Indian outsourcing industry with the recessionary pressure of the west on one hand and now, an image crisis.
Meanwhile, the international biggies like IBM and HP will benefit directly, unless the industry leaders go all out to defend their credibility.

Satyam Fraud : Here is the Full text Letter of Raju to Board

Following is the text of the letter Raju wrote to the Satyam board:

"It is with deep regret and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:

1. The Balance Sheet carries as of September 30, 2008,

a) Inflated (non-existent) cash and bank balances of Rs 5,040 crore (as against Rs 5,361 crore reflected in the books);

b) An accrued interest of Rs 376 crore, which is non-existent

c) An understated liability of Rs 1,230 crore on account of funds arranged by me;

d) An overstated debtors' position of Rs 490 crore (as against Rs 2,651 reflected in the books);

2. For the September quarter(Q2) we reported a revenue of Rs 2,700 crore and an operating margin of Rs 649 crore(24 per cent of revenue) as against the actual revenues of Rs 2,112 crore and an actual operating margin of Rs 61 crore (3 per cent of revenues). This has resulted in artificial cash and bank balances going up by Rs 588 crore in Q2 alone.

The gap in the balance sheet has arisen purely on account of inflated profits over several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance).

What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years.

It has attained unmanageable proportions as the size of the company operations grew significantly (annualised revenue run rate of Rs 11,276 crore in the September quarter, 2008, and official reserves of Rs 8,392 crore).

The differential in the real profits and the one reflected in the books was further accentuated by the fact that the company had to carry additional resources and assets to justify a higher level of operations thereby significantly increasing the costs.

Every attempt made to eliminate the gap failed. As the promoters held a small percentage of equity, the concern was that poor performance would result in the takeover, thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten.

The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones. Maytas' investors were convinced that this is a good divestment opportunity and a strategic fit.

One Satyam's problem was solved, it was hoped that Maytas' payments can be delayed. But that was not to be. What followed in the last several days..."

Posted on : Thursday, January 08, 2009 Leave a Comment (2)

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Firefox has a cool little easter egg, just type in about:robots in the address bar & you will find robots greeting you with a special message. The title of the page reads Gort! Klaatu barada nikto!, wondering what it means. According to wikipedia Gort! Klaatu barada nikto! originates from the Cold War-era science fiction film The Day the Earth Stood Still (1951). In the film, the phrase, Klaatu barada nikto, was used by Helen Benson to stop the robot Gort from destroying the Earth. Klaatu is the name of the humanoid alien protagonist in the film. Here is a quick view of the page..

If you didn’t know what are easter eggs than point to this page on Wikipedia .

Posted on : Tuesday, January 06, 2009 Leave a Comment (1)

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How to Chat with yourself

In your Browser address bar just type:
gtalk:chat?jid=yourid@gmail.com

Change yourid with your own email, now you can send, recieve messages, & you can see what you are typing.

Desktop Icons for GTalk Contacts

Right click on the Desktop select New>Shortcut & type this:

gtalk:chat?jid=id@gmail.com

Please replace id with the id of your contact.

If you like to call your friends just replace chat with call.

Keyboard Shortcuts:

• Ctrl + F4 - It closes the current window.

• Alt + F4 - It closes the current window.

• Alt + Esc - It Minimize all the windows.

• Windows + Esc - Open Google Talk (if it’s minimized, or in the tray)

• F9 - Open Gmail to send an email to the current contact.

• F11 - It initiates a telephonic call with your friend.

• F12 - It cancels a telephonic call.

• Esc - It closes the current window.

• Change the font size - While holding the control key, move the scroll wheel on your mouse either up or down. Insert line breaks - If you want to have a message that spans multiple paragraphs, just hold shift and hit enter.

• Switch windows - Pressing tab will cycle through open windows. It will select minimized conversations, to expand them just hit enter. If you just want to cycle through IM’s and don’t care about the buddy list, control-tab will do that and will automatically expand a minimized conversation if you settle on one.

• Invitation Tips - You don’t need to say Yes or No when someone wants to add you as a friend; you can simply ignore it, the request will go away. (On the other hand, someone with whom you chat often will automatically turn to be your friend, unless you disable this in the options).

• Bold Text - To write something bold, you can use an asterisk before and after the word, like *this* .

Run multiple instances of gtalk for multiple login of google ids

A shortcut is already placed on the desktop when gtalk is installed.

Right click on the shortcut and goto properties -> shortcut tab

There will be a target address like

C:\Program Files\Google\Google Talk\googletalk.exe

just add this word at the end of this line (give a space before) and save it

C:\Program Files\Google\Google Talk\googletalk.exe /nomutex

Apply and Ok

Now when you want a new instance of gtalk for a new id simultaneously, then just again double on the desktop icon and a new instance of gtalk will open.

Posted on : Monday, January 05, 2009 Leave a Comment (1)

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On this page I will list all the Official Blogs of various Web based companies and big market players , you will find here official blogs for Google,Microsoft,Yahoo,Adobe,Sun Microsystems and others.This page also contains links to Official blogs of various programming/web development languages like PHP, Java, .Net, Ruby etc. More to come

Official Google Blogs - A comprehensive List:

The Official Google Blog - Insights from Googlers into our products, technology and the Google culture.

AdWords Agency Blog - The latest from Adwords from you and your client.

AdWords Retail Tips - Adwords tips for the retailers

AdSense Blog - A look inside Google AdSense. With newbie, optimization, AdSense features, and more.

Adwords API Blog - The official source of information about the AdWords API from Google.

Adwords Blog - Google’s official blog for news, information, and tips on AdWords.

AJAX Search API Blog - At this Blog Google gives info about how to use the AJAX Search API.

Google Affiliate Network Blog - News, views and product information for Google affiliate network advertisers and publishers.

Analytics Blog - Here you can get the latest news, tips, and resources from the Google Analytics team.

Android Blog - Blog for developers working with Android, An Open Handset Alliance Project.

Base Blog - Get news, tips, and resources straight from the Google Base team.

Blogger Blog - The Official buzz from blogger.

Checkout Blog - The official Checkout Blog with news for sellers using Google Checkout.

Code Featured Projects - Blog about featured projects on Google Code.

Code Updates Blog - Read all about the latest Google Code updates at the Code Blog.

CPG Blog - News and notes from Google’s Consumer Packaged Goods (CPG).

Custom Search Blog - The latest news, updates and tips from the Custom Search Engine team.

Data APIs - Official Google Data APIs blog.

Desktop APIs - Your official source on the Google Desktop APIs.

Docs Blog - News and notes from the Google Docs team at the official Docs Blog.

Enterprise Blog - A blog about enterprise information, search, and the users that live there.

Feedburner Blog - The Official Feedburner blog of burning questions.

Finance Blog - News and views from the Google Finance team.

Gadgets API Blog - Intended for people who use the Google Gadgets API to write gadgets.

Gears API Blog - Keep up to date on Google Gear’s progress with Gears API Blog.

Gmail Blog - News, tips and tricks from Google’s Gmail team and friends.

Grants Blog - We started this Blog as a place to read about the latest Google Grants news and information

Let’s Take it Offline - The latest news form Google’s TV, Print and Audio Ads team

Lat Long Blog - News and notes by the Google Earth and Maps team.

Mac Blog - Macs inside Google. The official Google Mac Blog.

Maps API Blog - Official Google Maps API blog.

Mashup Editor Blog - The official source of information about the Google Mashup Editor.

Mobile Blog - News and views from the Google Mobile team.

News Blog - The official blog from the team at Google News.

Notebook Blog - At the Notebook Blogs you can read news and tips from the Notebook team.

Open Source Blog - Open source at Google with news about Google’s open source projects and programs.

OpenSocial API Blog - OpenSocial provides a set of APIs for social applications across multiple websites.

Orkut Blog - Your official guide to staying beautiful on Orkut.

Orkut Developer Blog - Learn about APIs, changes and events related to the Orkut developer platform.

Google Online Security Blog - The latest news and insights from Google on security and safety on the internet.

Picasa Blog - News, tips and tricks from the Picasa team at Google.

Public Policy Blog - Google’s view on government, policy and politics.

Reader Blog - News, tips and tricks from the Google Reader Team.

Research Blog - Google research blog where Googlers write about their public research.

Security Blog - The latest news and insights from Google on security and safety on the Internet.

SketchUp API Blog - All about the ins and outs of the SketchUp API.

SketchUp Blog - News and notes from the SketchUp folks.

Students Blog - Google news and updates especially for students

Talk About Blog - A blog about voice, IM and open communications with Google Talk.

Testing Blog - If it ain’t broke, you’re not trying hard enough.

Google Traditional Media Ads Blog - News form Google’s TV, Print and Audio Ads team.

Video Blog - Celebrating creative works from the many contributors to the Google Upload Program

Webmaster Central Blog - Official news on crawling and indexing sites for the Google index.

Web Toolkit Blog - About the open source Java software development framework for AJAX applications.

Website Optimizer Blog - The most up-to-date product news, industry insights, and testing strategies.

YouTube API Blog - For developers using the YouTube API.

YouTube Blog - Official YouTube blog for latest features and happenings.

Official Yahoo Blogs

Yahoo Search Blog :- The Yahoo! Search blog began in 2004, the year we debuted Yahoo! Search technology which powers search across Yahoo! Here on this blog, we post news and insight on all things search.

Yahoo! Search Marketing :- Yahoo! Search Marketing blog connects you to the people and products that can help you make sense of the ever-changing world of online marketing, and offers a community forum for sharing news, tips and strategies.

Yahoo! Publisher Network Blog :- This blog is Yahoo! Publisher Network’s resource for publishers, by publishers. Here, you’ll find not only what you might expect from a product-focused industry blog—the latest on issues, new releases, hacks and tips—but also in-depth how-to’s, publisher interviews, industry trends, links to articles and other news and information you can use

Yodel Anecdotal : - A look inside the big purple house of Yahoo!, where we’ll provide insights into our company, our people, our culture, and the things we think about in the shower.

Next.Yahoo :- Tasty bits of hacker goodness, A steady stream of small delights. Ideas, experiments and the people behind them,Brought to you by the folks at Yahoo! Brickhouse

del.icio.us Blog :- Delicious is a social bookmarking service that allows users to tag, save, manage and share web pages from a centralized source. With emphasis on the power of the community, Delicious greatly improves how people discover, remember and share on the Internet.

FlickrBlog :- The companion blog to Flickr, almost certainly the best online photo management and sharing application in the world.

Yahoo! Video Blog :- We think Yahoo! Video is the best place to view and upload video on the Web. It’s the perfect pop-culture mashup, the best of the best—all video from across the Yahoo! network in one place.

Yahoo! Answers Blog :- This is the place to come for product updates, announcements, community guideline features, and staff picks as well as quirky, timely, anecdotal, and (we hope) informative posts highlighting the topics we find in our meanderings through the Answers community.

Yahoo! Buzz Log :-Our crack team of editors takes a closer look at the hottest trends on Yahoo! Buzz.Yahoo! Buzz brings together the Web’s most remarkable stories, determined by people like you.

Yahoo! Developer Network Blog :- Yahoo! Developer Network offers Web Services and APIs that make it easy for developers to build applications and mashups that integrate data sources in new ways, making the web a more useful and fun place for everyone.

Yahoo! User Interface Blog :- This blog is the companion blog for two libraries we’re proudly releasing today. The new Yahoo! Design Pattern Library offers our thinking on common interface design issues for traditional and rich Internet applications. The new Yahoo! User Interface Library is a collection of industrial-grade JavaScript utilities and widgets that enable you to efficiently get the most out of today’s powerful browsers.

Posted on : Monday, January 05, 2009 Leave a Comment (1)

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Get 5 $ of Calls n sms .. Yup..all this for free.. njoyyy tongue.gif

CODE

https://secure.tabrio.com/User/Signup.aspx

Step 1 : Signup for an Free Account.
Step 2 : Verify your Phone Number
Step 3 : Use your free 5 $credit

Tabrio Communications, Inc. is a team of digital media professionals whose passion
is connecting everyone with the people they care about.

Posted on : Monday, January 05, 2009 Leave a Comment (1)

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