Jan 15, 2009

Business - Stop meddling, second guessing about Satyam: Narayana Murthy

BANGALORE: Infosys mentor N R Narayana Murthy on Thursday called for a halt to "comments" and "second guessing" on Satyam and leave it to its new
board and employees to revive the company.

Murthy told reporters on the sidelines of India's technology leaders conference here that he had stopped commenting after the new set of directors took over Satyam to revive it. "There is no need to discuss on issues concerning the impact Satyam will have on the IT industry," he said.

"Satyam Computer has a new board of Directors in Kiran Karnik, Deepak Parekh and C Achuthan and it is best to communicate with them," he said.

Now that the board has been appointed, "rest of us should stop second guessing. The trio has a lot of experience. They have handled major crisis. I would rather leave it at that," Murthy said.

"We should give confidence to Satyam, its employees and leaders by distancing ourselves from making comments," the Executive Chairman of one of the largest software exporters and the NASDAQ-listed company said.

Asked what lessons the IT industry could learn from the Satyam crisis, he said the new Board of Directors need a couple of days to assess the situation and take decisions. "The rest of us should stop meddling and giving opinions".

On the future of Satyam, he said it was for the Board members to discuss it as they have "good ideas".

He ducked a query on whether Infosys would show interest if Satyam was up for sale. "They have a board of directors. They are eminent," he said.

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