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First Bytes The New Madoff

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by Laura Rich
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Jan 07 2009 9:26am EDT

First Bytes: The New Madoff

It's hard to mask bad revenue numbers when the whole world is on a downward trend. So Satyam Computer C.E.O. Ramalinga Raju resigned today, after admitting to fraud and inflating revenue. [WSJ] Henry Blodget says, he's no Madoff. He's actually raised the bar higher (or would that be lowered it even further). [SAI]

Venture investors' losses could be worse than expected: A report out from Cogent Partners says they could be down to just 61 cents on the dollar for their return. [Bits] Silicon Alley Insider predicts which ones will fare the worst. [SAI]

Remember the Walkman? It has been re-born. [SAI]
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Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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