It almost never happens that we get to see 3 moments in a single day. 4 FEB 2009 could be a day which might go down in the history as the … — I cannot come up with a better name but you know what I am talking about. Typically these things happen in politics.
Without wasting any more time let us dig right in:
1. $10 laptop is a hoax : The device unveiled in the temple town of Tirupathi is a storage device with 2GB storage which can be loaded with e-Content and at best be used as a storage device for a laptop or a desktop. Mr. Negroponte, the brain behind the OLPC can breath a sigh of relief. Negroponte has said that it will take $10 to just show the device. He was right. As far as we are concerned, we know what to do -WTF. Speaking of which, are we not getting flash drives for the same price?
2. Raju’s fake companies are asking the 1230 crore debt back : Aah,this really takes the dal, roti and sabji too. I don’t know about you but it is a ROFL moment for me. These guys really have the chutzpah to ask for the money. This of course is whatever everyone saying is true. Until then, this will be a WTF moment.
3. BK Modi of Spice group has asked for a e-auction of Satyam for more transparency in the bidding process. Naik of L&T reverted back saying that Satyam is not a commodity. I mean how can you buy something for which you don’t know what the value is. How can you be so speculative? I know you got the money from a stake sale to IDEA but, that still is money. You should be knowing what you are buying. You should be checking the books. I think Raju is better off because he knew what he was doing.
There is a little bonus moment for you. We just got some news about Raju’s wardrobe. Here is what we got : 321 shoes, 310 belts and 1000 suits. Nice. Real Nice.
I almost never pay attention to these things but somehow these things never evaporated from my memory. The $10 laptop thing really embarrassed me as I blogged about it. But, I looked at the other side and laughed at it – sure, 500 rupee laptop – bring it on. The other 2 things are just incredible.
Welcome to Incredible India Inc.
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Author: Sriram Vadlamani
Sriram Vadlamni is a IT professional and an avid blogger. He blogs about India business at Indianomics.com and you can follow him on twitter @indianomics (Email: sriram.vadlamani@gmail.com)Related posts:
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- The Curious Case Of Mahindra Satyam and its liabilities
- Why did the Satyam stock raise today?
- Satyam goes to Tech Mahindra. Is it a win-win for all parties?
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There was also a story that Raju had palatial houses in 64 countries.
Now Arun felt the Indian heat…
It is not a ‘happy common man’ country brother. Here you are OK if by any means you have enough gandhis in your pocket, like raju had, ketan mehta had and list is never ending. Otherwise life becomes full of such WTFs everyday. They are everywhere in fact, but the problem is they are more in India due to such raju mentalities. It is not the problem of Indian soil, it is in fact better than US, but the Indian mentality of a few corrupts is eating the national cake of the common man!
Now compare a rikshwala who will not make more than Rs.200 sometimes in a day and a raju, and biggest fact is they are both citizens of same nation. WTF!! This is not Incredible India, this is unbalanced India, unbalanced social growth, who has worlds’s rishest and the poorest in the same city.
When one finds no good means to make something for the survival, then one tries more means but when nothing come in hand one tries all means – good or bad, this is what shapes the mentality of a common man, everyday. And this further shapes the socieconomic structure. And today’s situation is the effect of reshapping of last 50 years. It is more -ve because here one has 1000 suits and some not even one! WTF!!
@Sukhminder : You should have actually referred to Sriram, because I wrote it.
Coming to your comment, this is not about India or America or anything. It is the sequence of events happened in a single day. Sure these moments happen everyday, the tone was more to have a laugh at.
Coming to the suits, if Raju did not buy those suits, the money would have gone to the shareholders or the employees or who ever. The wealth would just be transferred. It would never reach the common man.
I want to go on, but that would just drive the discussion in a different direction.
Cheers
@Sriram:
Sriram ji ram ram!!
Sorry for taking it on a serious tone. You know what, the problems around us have turned into such serious situations that now laughing at them doesn’t come to the mind.
Wealth transfer is good. This should happen. Well, the terms – employe or share holder or common man are not important, important is if wealth distribution keeps on going ‘the right way’, one day it will do reach the common man (of your perspective).
It is understood that such discussions take many directions but ultimatly it is all about stability, growth and prosperity -for everyone of us.
Thanks,
SUKHI.