Word: techs
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...think one hooker scandal would be enough to ruin the ShamWow (and its pitchman) forever, but you'd be wrong. Even the Roman Catholic Diocese of Brooklyn is trying to cash in on the ubiquity of the super-absorbent towel infomercial with a YouTube parody designed to lure younger, tech-savvy souls to its services in New York. Dubbed "SoulWow," the commercial spoof features "Father Vic" (whose resemblance to ShamWow spokesman Vince Shlomi is downright eerie) hawking the only product that lets you "clean yourself from the inside...
...Tech Mahindra, a Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...
...purchase is a gamble by Tech Mahindra, which is joint venture between Indian Mahindra & Mahindra and British Telecom. Accountants are still trying to unravel years of fraudulent accounting; bidders had little access to reliable financial data, and there is additional risk of class-action suits and litigation in the U.S. relating to the fraud. Other interested buyers, including IBM and India's Spice Group, withdrew because of the uncertainties. "It's a very risky bet," says New Delhi-based equities analyst Dhirendra Kumar. "The reward or penalization could match the risk." Tech Mahindra has yet to issue a comment...
...goes well, the deal could propel Tech Mahindra into the top tier in Indian software services. Satyam's client base, which includes Cisco Systems and Nestle SA, would reduce the company's heavy reliance on British Telecom, its biggest customer. The markets gave the purchase a thumbs-up. Tech Mahindra shares were up 12% at the end of trading Monday, while Satyam shares were up 3%. Also applauding the deal were India's business groups. "The smooth completion of the bidding process for Satyam demonstrates that India has an adequate legal and institutional mechanism for handling and resolving a major...
Citing economic woes (this is getting kind of old...), our Cambridge neighbors announced they would be dropping some varsity sports, according to the MIT Tech, leaving Harvard in the lead for the (prestigious? sure, why not?) most varisty sports crown. Devastating news for the MIT Engineers. But at least the athletes have some warning, right...