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Satyam explodes
WSJ: Satyam Computer Services Ltd. Chairman B. Ramalinga Raju Wednesday resigned admitting to falsifying company accounts and inflating revenue and profit figures over several years, sending the company’s shares plunging 78%. In a letter to the company’s board, which was released to the Bombay Stock Exchange, Raju said that Satyam had inflated its operating profit…
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The coming bust in venture cap
According to Forbes (thanks to Trevor Loy for the link) The venture capital industry is staring at the most vicious shakeout in its history. Returns are pathetic for most funds, the public offering pipeline on which venture depends for its exit strategy is clamped shut, and with the shares of many big publicly traded tech…
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the male weirdness of computer science
ELLEN SPERTUS, a graduate student at M.I.T., wondered why the computer camp she had attended as a girl had a boy-girl ratio of six to one. And why were only 20 percent of computer science undergraduates at M.I.T. female? She published a 124-page paper, “”Why Are There So Few Female Computer Scientists?”, that catalogued different…
