Monday, October 26, 2009
Back to LIFE !!
Saturday, January 31, 2009
On the right track ?
Even if some other company buys Satyam layoff will be inevitable. The first thing any new management focuses on will be increasing the Bottom line of their balance sheets (Operating margins) by cutting cost. And in any IT company chunk of the expenses are on its associates. Axe will definitely fall sooner or later but the good news here is that jobs of thousands of other associates will be protected.
I personally believe, initially when this crisis broke out govt acted promptly and taken few very good decisions. But things now are now very sluggish. For the past one month, the headlines of very news channel and paper is Satyam. With elections in the sight of visibility news on Satyam might be sidelined & can be found only in the middle pages! Slowly, steadily but surely they are bringing it back on track. It might take another couple of months to unfold the future of this company and 2 more quarters it should be business as usual ! We might also see a change in the name, another CEO, CFO etc.,
Wednesday, January 07, 2009
Sector Destruction Ceremony
Continuing from where I left in my earlier post....
This post deserves to be called the sequel of 'Self destruction ceremony' which focussed on how it all started and the immediate consequences. But I guess, that was just the beginning. 07.01.2009 is the date when the next part was released, roof broke down & things went upside down. This time it was more like the 'Indian IT sector destruction ceremony'.
'Satyam' has gone truly global this time. Of course for bad reasons. We kept saying that we have clients from 6 Continents and we operate in 66 Nations. I am pretty sure, the rest of the world too must have heard 'Satyam' by now! Generally movies of SRK, Aamir or Hrithik are released with huge hype & the movie becomes a blockbuster hit even before it gets released. This time its the turn of 'Satyam', starring Raju Brothers. The only difference is marketing & publicity for any theatrical movie happens before the release & here in Satyam's case it was the otherway around. Media has come together to project the 'Satyam Fiasco'. on the small screen. Trust me, I have never seen such a mass media coverage till date filled with hype & hoopla. 5 Days & still the coverage in full-fledgedly ON ! May be coz the budget of this movie is a whopping Rs. 7000 Crores !
It was an absolute shocker as things like these are quite unnatural in India. Not so shocking in the west as they have witnessed fiascos of several manfolds like Enron, World Com, Lehman etc., Many say Satyam's situation is very similar to that of Enron which has gone bankrupt in 2001. At that time Enron was the 8th biggest company in the world with over $102 Bn. But lemme tell u... Satyam's case is not as deep as Enron's was(atleast for now). Yes... Raju confessed that he inflated topline and bottom line numbers along with liquid assets. But that is not the end of all... we are in troubled waters, we are in quick sand but remember one thing we still have sizable revenues which are not fake. The issue was purely created by the top management & things hopefully be alright once some kind of takeover or strategic tie-up happens. Ofcourse, there are several other factors to be considered. Gaining new projects and more revenues seem to be quite an uphill task atleast for now. They might need to sack a portion of non-revenue generating workforce, focus more on cost cutting, bring something completely out of box etc.,
To be very frank its very exicting to be associated with this company, now more than ever. As my cousin rightly said, its a life time experience which many few people get. Every crisis has an opportunity if u are bold enough to look for it. I am lucky in one way that I am with Satyam(though at this point in time I cant proudly say) just because it makes all of us stronger. So much has happened in so less time. I am not really sure if a day will come when I can be proud of being a part of a dramatic turnaround(if any), as many things are not in my control. Satyam as a brand has gone for a toss... absolutely no doubt in it. But a Merger with some other well managed company might help clear the scars that were left by Raju's stupidity.
Next couple of weeks are going to be very crucial for us. A lot depends of the investigation, Q3 Results, cash reserves that company hold, Board Meetings, M or A. and ofcosurse Government. What I can do meanwhile is just wait and watch and may be.... be a lil proactive & start making a lil bit of preparation for my next job !
Wednesday, December 17, 2008
Self Destruction Ceremony
Raju says... "its an unconventional move !". Analysts say it is a "foolish move." Shareholders say it is a "fraud move"! Whatever it is, this move has already effected the reputation of the firm.
The deal was called off overnight as there is a strong dissent among the shareholders. Satyam, stock was down 55% in NYSE & 30% in Indian bourses. Maytas stock was down 20% on each day for the past 3 consecutive trading sessions. Many deals in the pipeline will be effected and thereafter the impact of this act might cost its employees too. I will not be surprised if there is a change in top management in the next quarter or two. There are a series of similar things which have against Satyam in the recent past. First UPAID case. Then the WORLD BANK case & now the MAYTAS deal. This is no less than a self destruction ceremony. Dont know where we are headed & whats next in store but one more such immatured act might cost us dearly.
With major US financial & auto comapanies queuing up to file for bankrupcy and there after seeking bailouts, the future of all IT companies is looking bleak. This quarter can easily be the last one where the IT comapanies can show reasonable profits & growth rate. Its going to be too tough to sustain this growth from next quarter. If rupee starts appreciating once again, it will add to IT woes.
Saturday, October 04, 2008
Few Updates from my L!F3
WORK:
Alright... I'll start where I have last ended --- Graduation,Satyam,Planning etc.,! when all seemed to be going good with my career. I have joined the Resource Planning team & started learning new things. Thought this is a wonderful step as I was involved in some of the very interesting & key processes at the corporate level. There was a sense of achievement initially as the enthu levels were very high. Everything went well till the end of last financial year. Later on life started moving in a slow motion ! may be because of the fact that I get bored easily when I start doing the same things repeatedly. Yes.... Time & Again i was doing the same stuff at my work place. A process driven by corporate but a lot to do with individual businesses in the organization. I lost interest in my work as the learning has reached a point of saturation. Meanwhile there were few unexpected changes in my team. There were 2 new team mates. I have asked my boss to release me.... which makes some sense too !! But my boss diplomatically denied my proposal ! :( Better luck next time !
Huh.... I am sick & tired doing this boring sh*t each day. Cant help....need to DO. Don't know for how long.....:(
Friends:
The less I say the better it is ! Just think that all my friends have queued up to leave me alone !! One after other.... Brahmam, Madhu, Pavan, Girish, Avinash, Arvind, Vaibhav, Ajay, Vinay, Abhineet & now Aishik.... huh.. the list is directly proportional to my increasing age(may be in DAYS) :-( And towards the other end there are few friends(so called) are still living in this city but hardly meet ;) May be they have become a lil busy with their lives(personal:P). Understandably my password to pastime is 'MOVIES'. Of course, the downloaded ones. Thanks to Riaz :) Courtesy Internet :D Amid these extreme changes I found few really interesting people at work. One of them is Anurag Bhattacharjee(AB)-The walking encyclopedia. he he he... U need not Google if Jr. AB is with you. Believe me this kiddo has got a memory of at least 250Tera Bytes!! Aishik looks completely settled in his new marketing role & currently his Dine & Wine happens only with CXOs!!!!!!!!! Then there are two nightingales - Gunjan & Deepika !! One interested in social service and the other dedicated to work ! One operates on the principle of "Service to Mankind is Service to God!" & the other operates on "Work is Worship" & sometimes 'War'ship too!!(lol). Next up is Robert Kotus from Poland. He is my 15 days old friend(call him colleague!!) We are currently on a Mission... Mission is to teach Robert Hindi, taste him the south Indian spicy food, teach him how to ride a bike in Hyderabad traffic & many more such weird things. In one word... this mission is to make Robert a Hyderabadi by the time leaves India :) he he he.
Badminton:
August 1st week.... I was completely living in solitude. The last close mate Vinay has left to US chasing his dreams and aspirations. No company to jog. Then it striked me to start playing Badminton(which was once in my Blood!!!) once again. There is an indoor shuttle badminton court around 5kms away from my home. Without wasting any time I have quickly started playing in the mornings. As I am playing Badminton after a long gap, it took me almost a month to gain the lost form!!
Family:
We are Three till now & we are going to be soon six!! Read on....
Grandmom is in my home currently :) Gokul(my brother) who is working in Bangkok for the past 20months has resigned and coming back forever!! If there is anyone whom I missed the most in my life till now then it is him. coz... I missed him almost throughout my life as he always used to stay away from home-right from childhood to teenage for studies & now for work :( I think he is calling it quits now. He is returning by tomorrow's flight. Yuppieeeee!! Then the last addition in my family will be a new pet. Probably a Labrador. Its gonna be a rocking family...A perfect one!!
Thats it for now.........I will post the pics of my complete family very soon*
Tuesday, September 16, 2008
Where are we heading ?
First up....

Next up...
Now its the turn of the US' oldest mortgage firms Fannie & Freddie ! The Fed came to the rescue this time.


The real Carnage begun in mid SEP.


The story so far :

If you think that the list has ended here then u might need to think again ! wait for another quarter or two.... there might be still some bad news left :(
Side Effects:
Amid all this chaos, the Bush administration is trying for a $700Billion 'bailout plan' to bring some steadiness in the markets. But things did not turn in their favor till now. Voting went against the bail out plan and the DOW JONES plummeted 777 points on 29th Sep !! The biggest ever single day fall in the history of US. The jitters and tremors are felt across the globe & India is no exception. Now thats really Bad.... in fact its worse.
The aftermaths of these crashes, downfalls are Pink Slips in almost all the sectors which are dependent on US. IT is ahead in the list ! More than 65% of revenues of major Indian IT companies come from USA. which means these companies will get less business in future. Moreover, a significant part of these revenues come from BFSI(Banking,Financial Services & Insurance) sector(anywhere between 20%-45% of total revenues). Now its self explanatory!
Wednesday, September 10, 2008
Google turns 10


I have read an article in NYTIMES.COM. This article has got few interesting statistics. I advice you to go through this link if you are a fan of Google just like zillions of people around this world are. CLICK HERE to know interesting facts about 'G'.
I admire Google.... do u??
Thursday, June 26, 2008
Bill Gates clicks on "LOG OFF"

Its been quite some time now that Bill Gates thought of bidding farewell to Microsoft. He's been in charge of Microsoft for over 3 decades now. He is one of the best business men the mighty US has produced. Now he called it quits! He has topped the Forbes list consecutively for over 13yrs. We all know him as the world's richest man. But very few people know about the other side of this legend. He along with his wife Melinda Gates has started a charity organization named Bill & Melinda Gates foundation. Mr. & Mrs. Gates will be working full time for this good cause from now on.
Almost every one is aware of the cold war between Steve Jobs & Bill Gates. I

Warren Buffett....another legend, a role model, a classic example, God of stock markets is an unsung hero. Buffett has just taken over the world's richest man tag away from Bill Gates. He is over 76 now an

I am sure Bill Gates deserves a much better post than this... But....
Wishing Bill Gates a very good luck for his second innings!
Tuesday, March 18, 2008
Reliance Foray

Listed Companies:
What's Buzzing ?
Reliance Retail has recently launched its first iSTORE in HYDERABAD !! By this time u must have guessed what this could be. Yeah.... APPLE-RELIANCE tie up, to sell Apple products exclusively in Indian markets. Also heard on the street that Reliance is planning to tie up with major European fashion brands like Vercase ! I am excited !!
:-) Cheers :-)
Saturday, January 12, 2008
How the companies got names-A-Z
ABN AMRO- In the 1960s, the Nederlandse Handelmaatschappij (Dutch Trading Society; 1824) and the Twentsche Bank merged to form the Algemene Bank Nederland ( ABN; General Bank of the Netherlands) . In 1966, the Amsterdamsche Bank and the Rotterdamsche Bank merged to form the Amro Bank. In 1991, ABN and Amro Bank merged to form ABN AMRO.
Accenture- Accent on the Future. Greater-than 'accent' over the logo's t points forward towards the future. The name Accenture was proposed by a company employee in Norwayas part of a internal name finding process (BrandStorming) . Prior to January 1, 2001 the company was called Andersen Consulting.
Adidas- from the name of the founder Adolf (Adi) Dassler.
Adobe- came from name of the river Adobe Creek that ran behind the houses of founders John Warnock and Chuck Geschke .
AltaVista- Spanish for "high view".
Amazon.com - Founder Jeff Bezos renamed the company to Amazon (from the earlier name of Cadabra.com) after the world's most voluminous river, the Amazon. He saw the potential for a larger volume of sales in an online bookstore as opposed to the then prevalent bookstores. (Alternative: It is said that Jeff Bezos named his book store Amazon simply to cash in on the popularity of Yahoo at the time. Yahoo listed entries alphabetically, and thus Amazon would always appear above its competitors in the relevant categories it was listed in.)
AMD- Advanced Micro Devices.
Apache- The name was chosen from respect for the Native American Indian tribe of Apache (Indé), well-known for their superior skills in warfare strategy and their inexhaustible endurance. Secondarily, and more popularly (though incorrectly) accepted, it's considered a cute name that stuck: its founders got started by applying patches to code written for NCSA's httpd daemon. The result was 'a patchy' server â€" thus the name Apache.
Apple- for the favourite fruit of co-founder Steve Jobs and/or for the time he worked at an apple orchard. He was three months late in filing a name for the business, and he threatened to call his company Apple Computer if his colleagues didn't suggest a better name by 5 p.m. Apple's Macintosh is named after a popular variety of apple sold in the US. Apple also wanted to distance itself from the cold, unapproachable, complicated imagery created by the other computer companies at the time had names like IBM, NEC, DEC, ADPAC, Cincom, Dylakor, Input, Integral Systems, SAP, PSDI, Syncsort and Tesseract. The new company sought to reverse the entrenched view of computers in order to get people to use them at home. They looked for a name that was unlike the names of traditional computer companies, a name that also supported a brand positioning strategy that was to be perceived as simple, warm, human, approachable and different. Note: Apple had to get approval from the Beatle's Apple Corps to use the name 'Apple' and paid a one-time royalty of $100,000 to McIntosh Laboratory, Inc., a maker of high-end audio equipment, to use the derivative name 'Macintosh', known now as just 'Mac'.
AT&T- American Telephone and Telegraph Corporation officially changed its name to AT&T in the 1990s.
Bauknecht- Founded as an electrotechnical workshop in 1919 by Gottlob Bauknecht .
BBC- Stands for British Broadcasting Corporation.
BenQ - Bringing ENjoyment and Quality to life
Blaupunkt- Blaupunkt (Blue dot) was founded in 1923 under the name Ideal. Their core business was the manufacturing of headphones. If the headphones came through quality tests, the company would give the headphones a blue dot. The headphones quickly became known as the blue dots or blaue Punkte. The quality symbol would become a trademark, and the trademark would become the company name in 1938.
BMW- abbreviation of Bayerische Motoren Werke (Bavarian Motor Factories)
Borealis - The Northern Lights or Aurora Borealis, is the celestial phenomenon that features bursts of light in colourful patterns dancing across the night skies of the north. Borealis, inspired from the shining brilliance of the Northern Lights, was formed in 1994 out of the merger between two northern oil companies, Norway's Statoil and Finland's Neste.
BP - formerly British Petroleum, now "BP" (The slogan "Beyond Petroleum" has incorrectly been taken to refer to the company's new name following its rebranding effort in 2000).
BRAC- abbreviation for Bangladesh Rural Advancement Committee, world's largest NGO (non governmental organization) . It works in development programs around the world.
Bridgestone- named after founder Shojiro Ishibashi. The surname Ishibashi (??) means "stone bridge", i.e. "bridge of stone".
Bull- Compagnie des machines Bull was founded in Paristo exploit the patents for punched card machines taken out by a Norwegian engineer, Fredrik Rosing Bull.
Cadillac- Cadillac was named after the 18th century French explorer Antoine Laumet de La Mothe , sieur de Cadillac, founder of Detroit, Michigan. Cadillac is a small town in the South of France.
Canon- Originally (1933) Precision Optical Instruments Laboratory the new name (1935) derived from the name of the company's first camera, the Kwannon, in turn named after the Japanese name of the Buddhist bodhisattva of mercy.
CGI- from the first letter of Information Management Consultant in french (Conseiller en Gestion et Informatique) .
Cisco- short for San Francisco . It has also been suggested that it was "CIS-co" -- Computer Information Services was the department at StanfordUniversityt hat the founders worked in.
COBRA- Computadores Brasileiros, "Brazilian Computers", electronics and services company, was the first state-owned designer and producer of computers in the 1970s, later acquired by the Banco do Brasil.
Coca-Cola- Coca-Cola's name is derived from the coca leaves and kola nuts used as flavoring. Coca-Cola creator John S. Pemberton changed the 'K' of kola to 'C' for the name to look better.
Colgate-Palmolive- formed from a merger of soap manufacturers Colgate & Company and Palmolive-Peet. Peet was dropped in 1953. Colgate was named after William Colgate, an English immigrant, who set up a starch, soap and candle business in New York Cityin 1806. Palmolive was named for the two oils (Palm and Olive) used in its manufacture.
Compaq- from "comp" for computer, and "pack" to denote a small integral object; or: Compatibility And Quality; or: from the company's first product, the very compact Compaq Portable.
Comsat - an American digital telecommunications and satellite company, founded during the President Kennedy era to develop the technology. Contraction of Communications Satellites.
Daewoo- the company founder Kim Woo Chong called it Daewoo which means "Great Universe" in Korean.
Dell- named after its founder, Michael Dell. The company changed its name from Dell Computer in 2003.
DHL- the company was founded by Adrian Dalsey, Larry Hillblom , and Robert Lynn , whose last initials form the company's moniker.
eBay- Pierre Omidyar, who had created the Auction Web trading website, had formed a web consulting concern called Echo Bay Technology Group. " EchoBay" didn't refer to the town in Nevada, the nature area close to Lake Mead, or any real place. "It just sounded cool," Omidyar reportedly said. When he tried to register EchoBay.com, though, he found that Echo Bay Mines, a gold mining company, had gotten it first. So, Omidyar registered what (at the time) he thought was the second best name: eBay.com.
Epson - Epson Seiko Corporation, the Japanese printer and peripheral manufacturer, was named from "Son of Electronic Printer"
Fanta- was originally invented by Max Keith in Germanyin 1940 when World War II made it difficult to get the Coca-Cola syrup to Nazi Germany. Fanta was originally made from byproducts of cheese and jam production. The name comes from the German word for imagination (Fantasie or Phantasie), because the inventors thought that imagination was needed to taste oranges from the strange mix.
Fazer - named after its founder, Karl Fazer.
Fiat- acronym of Fabbrica Italiana Automobili Torino (Italian Factory of Cars of Turin).
Fuji- from the highest Japanese mountain Mount Fuji.
Google- the name is an intentional misspelling of the word googol, reflecting the company's mission to organize the immense amount of information available online.
Haier- Chinese ? "sea" and ? (a transliteration character; also means "you" in Literary Chinese)
HP- Bill Hewlett and Dave Packard tossed a coin to decide whether the company they founded would be called Hewlett-Packard or Packard-Hewlett.
Hitachi- old place name, literally "sunrise"
Honda- from the name of its founder, Soichiro Honda
Honeywell- from the name of Mark Honeywell founder of Honeywell Heating Specialty Co. It later merged with Minneapolis Heat Regulator Company and was finally called Honeywell Inc. in 1963.
Hotmail- Founder Jack Smith got the idea of accessing e-mail via the web from a computer anywhere in the world. When Sabeer Bhatia came up with the business plan for the mail service, he tried all kinds of names ending in 'mail' and finally settled for Hotmail as it included the letters "HTML" - the markup language used to write web pages. It was initially referred to as HoTMaiL with selective upper casing. (If you click on Hotmail's 'mail' tab, you will still find "HoTMaiL" in the URL.)
HSBC- The Hongkong and Shanghai Banking Corporation.
Hyundai- connotes the sense of "the present age" or "modernity" in Korean.
IBM- named by Tom Watson, an ex-employee of National Cash Register. To one-up them in all respects, he called his company International Business Machines.
ICL- abbreviation for International Computers Ltd, once the UK's largest computer company, but now a service arm of Fujitsu, of Japan.
IKON - copier company name derived from I Know One Name.
Intel- Bob Noyce and Gordon Moore initially incorporated their company as N M Electronics. Someone suggested Moore Noyce Electronics but it sounded too close to "more noise" -- not a good choice for an electronics company! Later, Integrated Electronics was proposed but it had been taken by somebody else. Then, using initial syllables from INTegrated ELectronics, Noyce and Moore came up with Intel. To avoid potential conflicts with other companies of similar names, Intel purchased the name rights for $15,000 from a company called Intelco. (Source: Intel 15 Years Corporate Anniversary Brochure)
Interland - a web hosting provider formally known as Micron Computer, Inc. which was named either after InternetLandor the combination of the largest acqusition it performed, Interliant with the word Land.
Kawasaki- from the name of its founder, Shozo Kawasaki
Kodak - Both the Kodak camera and the name were the invention of founder George Eastman . The letter "K" was a favourite with Eastman; he felt it a strong and incisive letter. He tried out various combinations of words starting and ending with "K". He saw three advantages in the name. It had the merits of a trademark word, would not be mis-pronounced and the name did not resemble anything in the art. There is a misconception that the name was chosen because of its similarity to the sound produced by the shutter of the camera.
Konica- it was earlier known as Konishiroku Kogaku. Konishiroku in turn is the short for Konishiya Rokubeiten which was the first name of the company established by Rokusaburo Sugiura in the 1850s.
Korg - Formed from the surnames of the founders, Tsutomu Katoh and Tadashi Osanai, combined with the letters "rg" from the word organ.
LG - combination of two popular Korean brands Lucky and Goldstar. (In Mexicopublicists explained the name change to the public as an abbreviation to LÃnea Goldstar Spanish for Goldstar Line)
L'Oréal- In 1907, Eugène Schueller, a young French chemist, developed an innovative hair-color formula. He called his improved hair dye Auréole.
Lotus Software - Mitch Kapor got the name for his company from 'The Lotus Position' or 'Padmasana'. Kapor used to be a teacher of Transcendental Meditation technique as taught by Maharishi Mahesh Yogi.
Lucent Technologies - a spin-off from AT&T, it was named Lucent (meaning "luminous" or "glowing with light") because "light as a metaphor for visionary thinking reflected the company's operating and guiding business philosophy," according to the Landor Associates staff who chose the name. Source: Design Management Journal 8:1 (Winter 1997).
Lycos- from Lycosidae, the family of wolf spiders.
Mazda Motor- from the company's first president, Jujiro Matsuda . In Japanese, no syllables are ever stressed and some inner syllables are virtually skipped. Thus, Matsuda is pronounced "Matsda". To make the name fly better outside of Japan, the spelling was changed to Mazda.
McDonald's- from the name of the brothers Dick McDonald and Mac McDonald, who founded the first McDonald 's restaurant in 1940.
Mercedes- This is the first name of the daughter of Emil Jellinek, who worked for the early Daimler company around 1900.
MGM- Metro-Goldwyn- Mayer was formed by the merger of three picture houses Metro Picture Corporation, Goldwyn Pictures Corporation and Louis B. Mayer Pictures. Goldwyn Picture Corporation in turn was named after the last names of Samuel Goldfish and Edgar and Archibald Selwyn.
Micron - computer memory producer named after the microscopic parts of its products. The official name was Micron Computer, Inc. Since, the company has become Interland, a web hosting provider, after selling/spinning off its RAM division and closing down its computer division, licensing the name. The company is now headquartered in Atlanta.
Microsoft- coined by Bill Gates to represent the company that was devoted to MICROcomputer SOFTware. Originally christened Micro-Soft, the '-' was removed later on.
midPhase- the post-dotcom era gave using the .com in a companies official name untrendy. A new dotcom company may be named traditionally, in midPhase's case it was named midPhase Services, Inc., the midPhase stands for Middle Phase, or middle of the road.
Mitsubishi - The name Mitsubishi (??) has two parts: mitsu means three and hishi (changing to bishi in the middle of the word) means water chestnut, and from here rhombus, which is reflected in the company's logo.
Motorola - Founder Paul Galvin came up with this name when his company (at the time, Galvin Manufacturing Company) started manufacturing radios for cars. Many audio equipment makers of the era used the " ola" ending for their products, most famously the "Victrola" phonograph made by the Victor Talking Machine Company. The name was meant to convey the idea of "sound" and "motion". The name became so recognized that the company later adopted it as the company name.
Mozilla Foundation - from the name of the web-browser that preceded Netscape Navigator. When Marc Andreesen , founder of Netscape, created a browser to replace the Mosaic browser, it was internally named Mozilla (Mosaic-Killer, Godzilla) by Jamie Zawinski.
MRF- Madras Rubber Factory, founded by K M Mammen Mappillai in 1946. He started with a toy balloon-manufacturi ng unit at Tiruvottiyur, Chennai (then called Madras). In 1952, he began manufacturing tread-rubber, and in 1961, tyres.
Nero - Nero Burning ROM named after Nero burning Rome.
Netscape- named by first marketing employee Greg Sands, in a panic when the Universityof Illinoisthreatened to sue the new company for its original name, Mosaic. Netscape then paid Landor $50,000 to design a logo.
Nike - named for the Greek goddess of victory.
Nikon - the original name was Nippon Kogaku, meaning "Japanese Optical".
Nissan- the company was earlier known by the name Nippon Sangyo which means "Japanese industry".
Nokia- started as a wood-pulp mill, the company expanded into producing rubber products in the Finnish city of Nokia. The company later adopted the city's name.
Nortel - The Nortel Networks name came from Nortel (Northern Telecom) and Bay Networks. The company was originally spun off from the Bell Telephone Company of Canada Ltd in 1895 as Northern Electric and Manufacturing, and traded as Northern Electric from 1914 to 1976.
Novartis- after the Latin expression "novae artes" which means something like "new skills".
Oracle - Larry Ellison, Ed Oates and Bob Miner were working on a consulting project for the CIA (Central Intelligence Agency). The code name for the project was Oracle (the CIA saw this as the system to give answers to all questions or some such). The project was designed to help use the newly written SQL database language from IBM. The project eventually was terminated but they decided to finish what they started and bring it to the world. They kept the name Oracle and created the RDBMS engine. Later they changed the name of the company, Relational Technology Inc, to the name of the product.
Pepsi - Pepsi derives its name from (treatment of) dyspepsia, an intestinal ailment.
Philips - Royal Philips Electronics was founded in 1891, by brothers Gerard (the engineer) and Anton (the entrepreneur) Philips .
Qantas- From its original name, Queensland And Northern Territory Aerial Services.
Red Hat- Company founder Marc Ewing was given the Cornell lacrosse team cap (with red and white stripes) while at college by his grandfather. People would turn to him to solve their problems, and he was referred to as 'that guy in the red hat'. He lost the cap and had to search for it desperately. The manual of the beta version of Red Hat Linux had an appeal to readers to return his Red Hat if found by anyone.
Reebok- another spelling of rhebok (Pelea capreolus), an African antelope.
SAAB- founded in 1937 in Swedenas "Svenska Aeroplan aktiebolaget" (Swedish Aeroplane Company) abbreviated SAAB.
Samsonite- Samsonite was launched as a brand in 1941, receiving its name from the Biblical character Samson, renowned for his strength.
Samsung- meaning three stars in Korean.
Sanyo- The Japanese translation is disputed, although the Chinese name is "??" (literally, "Three Oceans")
SAP- "Systems, Applications, Products in Data Processing", formerly "SystemAnalyse und Programmentwicklung " (German for "System analysis and program development" ), formed by 4 ex- IBM employees who used to work in the 'Systems/Applicatio n s/Projects' group of IBM.
SEGA - "Service Games of Japan" (SeGa) Founded by Marty Bromley (an American) to import pinball games to Japanfor use on American military bases.
Sharp - Japanese consumer electronics company named from its first product, an ever-sharp pencil.
Shell - Royal Dutch Shell was established in 1907, when the Royal Netherlands Petrol Society Plc. and the Shell Transport and Trading Company Ltd. merged. The Shell Transport and Trading Company Ltd. had been established at the end of the 19th century, by commercial firm Samuel & Co (founded in 1830). Samuel & Co were already successfully importing Japanese shells when they set up an oil company, so the oil company was named after the shells Samuel & Co were importing.
Siemens - founded in 1847 by Werner von Siemens and Johann Georg Halske: the company was originally called Telegraphen- Bau-Anstalt von Siemens & Halske.
Sprint- from its parent company, Southern Pacific Railroad INTernal Communications. Back in the day, pipelines and railroad tracks were the cheapest place to lay communications lines, as the right-of-way was already leased or owned.
Sun Microsystems - its founders designed their first workstation in their dorm at StanfordUniversity, and chose the name Stanford University Network for their product, hoping to sell it to the college. They didn't.
Suzuki - from the name of its founder, Michio Suzuki
Tesco - Founder Jack Cohen, who from 1919 sold groceries in the markets of the London East End, acquired a large shipment of tea from T. E. Stockwell and made new labels by using the first three letters of the supplier's name and the first two letters of his surname forming the word "TESCO".
Toshiba- was founded by the merger of consumer goods company Tokyo Denki (Tokyo Electric Co) and electrical firm Shibaura Seisaku-sho (Shibaura Engineering Works).
Toyota- from the founder's name Sakichi Toyoda. Initially called Toyeda, it was changed after a contest for a better-sounding name. The new name was written in katakana with eight strokes, a number that is considered lucky in Japan.
Unisys - made-up name for the company that resulted from the combination of two old mainframe computer companies, Burroughs and Sperry [Sperry Univac/Sperry Rand]. It "united" two incompatible ranges. Unisys was briefly the world's second-largest computer company, after IBM.
Verizon- A portmanteau of veritas (Latin for truth) and horizon.
Vodafone- is a multinational mobile phone operator with headquarters in the United Kingdom. Its name is made up of VOice, DAta, TeleFONE. Vodafone made the UK's first mobile call at a few minutes past midnight on the 1 January 1985.
Volvo- From the Latin word "volvo", which means "I roll". It was originally a name for a ball bearing being developed by SKF.
Xerox - The inventor, Chestor Carlson, named his product trying to say `dry' (as it was dry copying, markedly different from the then prevailing wet copying). The Greek root `xer' means dry.
Yahoo! - a "backronym" for Yet Another Hierarchical Officious Oracle. The word Yahoo was invented by Jonathan Swift and used in his book Gulliver's Travels. It represents a person who is repulsive in appearance action and is barely human. Yahoo! founders David Filo and Jerry Yang selected the name because they jokingly considered themselves yahoos
Why they are named so ?
SAP
Red Hat
Oracle
Lotus
Intel
Hewlett-Packard
Hotmail
Apple Computers
Apache
Tuesday, November 13, 2007
ISB 2 !!
After Hyderabad, it could be Sonepat's turn. |
Another Indian School of Business (ISB) is taking shape. Rajat Gupta, the former CEO of McKinsey & Company and now a senior partner in the professional services firm, along with his team is planning to set up a second ISB, this time in the North. |
The existing ISB in Hyderabad was Gupta's brainchild and is among India's most coveted business schools. It is spread over 260 acres of land and was set up in December 1999 at a cost of around Rs 100 crore. |
A possible site could be Sonepat in Haryana, which is a less than two hours' drive from Delhi. The Haryana Urban Development Authority (HUDA) is planning an education city there. When contacted, an official of the state's technical education department confirmed the HUDA move, but declined to comment on whether ISB had approached the state for land. However, HUDA has no plans to allot land at subsidised rates or free to any education body, the official added. |
The new school could be an extension of ISB or could have a new name altogether. Gupta and his team are also said to be in talks with the London Business School, The Wharton School at the University of Pennsylvania and The Kellogg School of Management at Northwestern University for an academic partnership with the new school. These schools are existing academic partners of the Hyderabad-based ISB. |
"Funds for the new school are already pouring in and are not a problem. Donors who funded the existing ISB are ready to give money for the new school as well,” the sources said. |
Besides, new partners are also being looked at," the sources added. |
ISB runs postgraduate programmes in management, leading to a Master of Business Administration degree, post doctoral programmes as well as an executive education programme for serving executives. The average domestic salary offered to ISB payouts this year was Rs 15 lakh with the highest domestic offer being Rs 43 lakh. The average international salary was $135,000, the highest being $269,000. |
The ISB board comprises top names from the world of business like Anil Ambani, Rahul Bajaj, Yogi Deveshwar, Adi Godrej, KV Kamath and Uday Kotak. |
Thursday, September 27, 2007
Power Sixes: Six Indian cos up global IT share 4-fold
The top six Indian information technology firms have increased their share in the global IT services market from 0.5% in 2001 to 1.9% in 2006, a study by research firm Gartner said.
However, the trend was not limited to the top six Indian firms. The global top 10 IT services firms, also increased their market share from 22.8% in 2001 to 26% in 2006.
Market Share Global Ranking
2006 | 2001 | ||
TCS | 0.6% | 35 | 68 |
Infosys | 0.4% | 43 | 125 |
Wipro | 0.3% | 49 | 130 |
Cognizant | 0.2% | 73 | 212 |
Satyam | 0.2% | 79 | 153 |
HCL Tech | 0.2% | 86 | 160 |
IBM, with the global number one IT services ranking, had a 7.2% market share. In comparison, the global ranking of the number one India-centric player, TCS, was at 35. TCS’ stated goal is to be among top 10 IT services firms globally by 2010 with $10 billion in revenues.
“TCS has maintained the market share leading position among these (India-centric) providers in 2001 and in 2006... but Infosys has closed the gap substantially moving up 82 positions to a close follower of TCS at position rank of 43 today,” the report pointed out.
The player that improved its market share most was Cognizant that moved from a global rank 212 in 2001 to a rank of 73 in 2006. Both Satyam and HCL were displaced as a result of Cognizant’s gains, according to the report.
While noting that the 44.3% growth exhibited by these providers was impressive, given that the average growth of the market leaders was 5.4%, the report said the growth was impressive despite coming from a smaller base, because North American or European service providers of similar size and competency did not exhibit the same growth rates consistently.
However, assuming TCS grows at the same rate and IBM’s revenues are unchanged, TCS would still only be a little more than a quarter of IBM’s total services revenues in 2010.
“Although these six leading India-centric providers are currently enjoying phenomenal growth rates compared with the overall market growth rate and the top 10 leaders, it would still them take many more years to surpass the top service provider (IBM) or appear among the top three market share leader roles,” the report noted.
courtesy: ECONOMIC TIMES