Scandal in India creates opportunity for Dallas firms
For once, an Enron-style case of corporate fraud could be a boon for American companies.
But while the meltdown at an Indian outsourcing firm is a multibillion-dollar opportunity for its U.S. competitors – including those in Dallas – it's an opportunity that could be short-lived.
The catalyst for this land rush came earlier this month when the founder and former chairman of Satyam Computer Services Ltd., based in Mumbai, resigned after admitting to years of falsifying profits and claiming a cash balance of more than $1 billion that did not exist. MORE...
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