Four years later Satyam was doing tear-down analysis of all its products and its competitors' products.
Chowdhry believes Satyam will command a significant premium to its current discounted market value.
The settlement, however, does not cover either ex-CEO Raju, other former Satyam executives, or PwC.
Indeed, the Satyam episode arguably demonstrates the worst and the best of Indian management.
ECONOMIST: Satyam, India��s disgraced technology firm, finds a buyer
At the time of publication, John Reese and his clients were long on Satyam Computer Services.
Like Infosys, Satyam continues to benefit from the worldwide demand for technology and development skills.
Additional follow-up by the U.S. would mean more fees and more delays for Satyam.
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Satyam loudly denied any wrongdoing, and has demanded an apology from the Washington-based lender to developing countries.
The litigation that was settled clears the way for the official merger of Satyam with Tech Mahindra.
The Satyam class action lawyers initially thought they could claim that PwC US controlled PwC India.
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CDC, for instance, cannot sell its Satyam Infoway shares on either a foreign or a local stockmarket.
"The tools to solve this problem are the same everywhere, " says Raghavendra Rao of Hyderabad-based Satyam Com-puters.
Seven years ago GE Appliances entrusted Satyam to prepare only engineering drawings and blueprints for its home business.
The board appointed by the government did a commendable job of shepherding Satyam through a potentially fatal period.
ECONOMIST: Satyam, India��s disgraced technology firm, finds a buyer
That may be the only place where a true and fair view of Satyam's accounts can be found.
ECONOMIST: Satyam, India��s disgraced technology firm, finds a buyer
Now that Satyam is stabilised and most of its legal cases are resolved, Mahindra is ready for marriage.
The regulators emphasized compliance and quality failures had occurred in the Satyam audit over a number of years.
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The SEC and the PCAOB would not confirm that their enforcement actions regarding the Satyam audit were finished.
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An overdue enforcement action against Price Waterhouse India over Satyam was finalized.
PwC has a pending motion to dismiss the Satyam case against them filed in a New York Court.
Satyam executives probably found the additional scrutiny by the PwC US team expensive, tedious, and threatening to their scam.
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She has also held various operational roles at both technology startups and large corporations including PepsiCo and Satyam Computers.
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It will be months before KPMG and Deloitte Touche Tohmatsu finish picking through Satyam's books, separating fact from fiction.
ECONOMIST: Satyam, India��s disgraced technology firm, finds a buyer
Another Indian IT services firm is Satyam Computer Services (nyse: SAY - news - people ).
They have all been accused by the Indian courts of colluding with Satyam to perpetrate the multi-billion dollar fraud.
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Still, uniting Satyam with Tech Mahindra will create the fifth-largest Indian IT firm.
In March the Economic Times, an Indian newspaper, reported that Satyam had also forfeited 46 customers, including Nissan and Sony.
ECONOMIST: Satyam, India��s disgraced technology firm, finds a buyer
Satyam said Friday that independent director Mangalam Srinivasan had resigned from the company's board, The company did not provide a reason.
Satyam, however, has one drawback: Tackling the millennium bug accounts for 28% of its revenues - considered a high Y2K exposure.
To address the concerns over Satyam's corporate governance, more changes are likely in the composition of the board and management, Chowdhry said.
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