Satyam Computer shares are off 10c to $5.20, and saw notable trade in the October $5 calls as 5,000 contracts trade at 80c. The trade appears to be opening sale, and probably tied to a block of 305K shares at $5.20. In late 2008, the India based software company revealed it would need to restate several years of earnings due to financial fraud by its founder. The stock had crumbled from around $25 to $1.20 in few weeks time. The NYSE recently granted the company, which is now controlled by privately held Tech Minhindra, an extension until October to refile its financials or face delisting.

No user commented on " Satyam Computer Services Ltd (SAY) $5.19 -2.08% "
Follow-up comment rss or Leave a Trackback