Retrieval of pinched comps begins, probe on the cards

The computers had been purchased from funds released by MLA Victor Freitas from his Local Development Fund. They were meant to be used by tribal children studying at the Marathi High School run by the Free Methodist Mission Umri (Pandharkawda). It has now come to light that the computers were taken away in a well-planned manner by another Christian trust in Yavatmal. Jaishree Dilpe, headmistress of the school which was meant to use the computers, told TOI on Wednesday that she had received 19 computers, 19 printers and other accessories in February from the Local Development Fund of sitting MLA Victor Freitas of Nagpur. However, all the computers and other accessories were taken away by the Yavatmal-based Din Bandhu' trust within two days and used in an ITI run by the institution to mint money. Initially the headmistress was reluctant to give any information on the issue, but when pressed she admitted that the computers were given to the Din Bandhu trust and also named the persons who transported the computers. "Today I got back 10 computers from Din Bandhu and they have assured to return the remaining computer sets before July 27," Dilpe said. On further queries, the headmistress also admitted that two years ago she had received five computer sets and accessories from the Sarva Shiksha Abhiyan wing of the Education Department and two computer sets from the Local Development Fund of the then MLA of Kelapur Shivajirao Moghe. She was not able to give a convincing explanation when asked about the location of the seven computers she had received two years back. The headmistress pleaded innocence in the murky affairs though she admitted that the computers should have been kept in the school and used for the tribal students. "The teachers were trained under the government's SSA scheme but they could not teach the students in the absence of the infrastructure, including the computer sets," she admitted. Even though the 19 computers are coming back to the school in question, some questions remain unanswered. It needs to be revealed who filed the application for release of the MLA's fund and what were the documents filed in support of the application? What precaution did the district authority take to ascertain the veracity of the application and genuineness of the applicant? Where are the seven computers that the school received from SSA and Moghe's fund?
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US scientists find ways to make electronic data self destruct

Washington (PTI): Worried that the college binge drinking photos posted on the internet will reappear to haunt during a job interview? Cheer up. Researchers have found a method that makes electronic data self destruct itself.
University of Washington researchers has developed a way to make electronic communications such as e-mail, Facebook posts and chat messages automatically self-destruct, becoming irretrievable from all Web sites, inboxes, outboxes, backup sites and home computers.
The prototype system called 'Vanish' places a time limit on text uploaded to any Web service through a Web browser.
After a set time text written will self-destruct.
Even the sender could not be able to retrieve them.
"If you care about privacy, the Internet today is a very scary place," said Tadayoshi Kohno, a UW assistant professor of computer science. "If people understood the implications of where and how their e-mail is stored, they might be more careful or not use it as often."
Computers have made it virtually impossible to leave the past behind with people inadvertently uploading data they find embarrassing later, he said.
The paper about the project will be presented at the Usenix Security Symposium August 10-14 in Montreal.

Satyam Computer has resistance at Rs 115: Gujral

Gujral told CNBC-TV18, "Satyam Computer Services has a nice consolidation around the Rs 75-80 mark and now it is in a longer term up trend. Chances are if it can hold on to the Rs 77-80 you will get to those Rs 114-115 kind of levels. You would remember when it started falling it stopped around these Rs 115 kind of levels, so now the next resistance here is around Rs 115 and going by the trend of the stock it will get there, may take some time but obviously next levels are around Rs 115.”

Mah Satyam back among top-5 IT cos; expert says still cheap

formerly Satyam Computer Services, continues to shine in the stock market. The stock, which has rallied more than 30% in the last seven days, crossed Rs 100 on July 23, and is now back among the top-five Indian IT companies’ list in terms of market capitalisation (with market cap of about Rs 12,000 crore) after Infosys, TCS, Wipro and HCL Tech.As of today, Mahindra Satyam’s market cap is greater than that of its parent company, Tech Mahindra.
Attributing the recent move up in its stock price to a bridge-up, Sanju Verma, CEO - Institution Biz, Proactive Universal Group, said the stock was still trading at a discount. “A lot of analysts are still not factoring in the 1100-1200 acres of land that Satyam holds. If they assume the company has Rs 300 crore of liabilities outstanding against that, even then, the land is still valued at something like close to Rs 11 per share. If you add this Rs 11 per share to the Rs 7 EPS you are talking of purely on the back of earnings momentum, the stock is still available at dirt cheap multiples,” she said.


US SEC reviews progress on restatement of Satyam a/cs

The US SEC team, accompanied by Sebi officials also met Tech Mahindra officials, the new owners of Satyam, to discuss a host of issues including re-statement of the manipulated accounts. Global audit firms KPMG and Deloitte have been commissioned to conduct a forensic audit of Satyam’s accounts, after founder B Ramalinga Raju confessed to fudging the books for seven years. The US SEC is probing the violation of US Securities law by former Satyam executives after a clutch of class action suits were filed by law firms representing shareholders of Satyam in the US. Shareholders alleged that the executives issued false and misleading statements. A senior Mahindra Satyam official said the restatement exercise is on track and is likely to the completed by December this year. Sebi is probing the insider trading
of shares by Raju and his family as investigating agencies including the CBI suspect that the promoters made windfall gains by rigging share prices and invested the money in realty deals. In an interim report on the Satyam investigation, SEBI has recommended prohibiting Satyam’s

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EFFICTIVE FOREX TRADING

Who wouldn’t want to participate in the largest, most potentially lucrative market on this planet?Forex trading is a very exciting place to do business and if you know what it’s about, you could stand to earn a lot from it, too.To do so, you’ll need an effective forex trading system to help you put your strategies together.Here’s how you can develop oneKnow your limits.Generally, it’s the leverage you’re looking at when you’re trading forex. A 100:1 leverage will make you bless the day you found forex, IF it works in your favor and curse it if it goes against you. Maximizing your leverage may put you at a high potential for a very lucrative profit but it also places you at a high risk of losing it all.Try to work using a forex trading system that lets you limit the risk in your favor. The key here is to manage your account and your money and not to throw it away on a whim.Always put a limit on your trades.Decide on how much exactly you want to trade and stick to it. You should also decide up to what point you want to take your losses. Respect this covenant with yourself. Break it only if you’re already well-experienced, know exactly what you’re doing and can take the risk.Learn to read the trend.Forex trading is heavy on trends, something you should watch out for. If you want to develop an effective forex trading system, learn to read daily and later, weekly charts. This will help you analyze the direction the market is going. Find the indicators you want to work with and use those to determine if it’s the right time to start trading.

Who wouldn’t want to participate in the largest, most potentially lucrative market on this planet?Forex trading is a very exciting place to do business and if you know what it’s about, you could stand to earn a lot from it, too.To do so, you’ll need an effective forex trading system to help you put your strategies together.Here’s how you can develop oneKnow your limits.Generally, it’s the leverage you’re looking at when you’re trading forex. A 100:1 leverage will make you bless the day you found forex, IF it works in your favor and curse it if it goes against you. Maximizing your leverage may put you at a high potential for a very lucrative profit but it also places you at a high risk of losing it all.Try to work using a forex trading system that lets you limit the risk in your favor. The key here is to manage your account and your money and not to throw it away on a whim.Always put a limit on your trades.Decide on how much exactly you want to trade and stick to it. You should also decide up to what point you want to take your losses. Respect this covenant with yourself. Break it only if you’re already well-experienced, know exactly what you’re doing and can take the risk.Learn to read the trend.Forex trading is heavy on trends, something you should watch out for. If you want to develop an effective forex trading system, learn to read daily and later, weekly charts. This will help you analyze the direction the market is going. Find the indicators you want to work with and use those to determine if it’s the right time to start trading.
Who wouldn’t want to participate in the largest, most potentially lucrative market on this planet?Forex trading is a very exciting place to do business and if you know what it’s about, you could stand to earn a lot from it, too.To do so, you’ll need an effective forex trading system to help you put your strategies together.Here’s how you can develop oneKnow your limits.Generally, it’s the leverage you’re looking at when you’re trading forex. A 100:1 leverage will make you bless the day you found forex, IF it works in your favor and curse it if it goes against you. Maximizing your leverage may put you at a high potential for a very lucrative profit but it also places you at a high risk of losing it all.Try to work using a forex trading system that lets you limit the risk in your favor. The key here is to manage your account and your money and not to throw it away on a whim.Always put a limit on your trades.Decide on how much exactly you want to trade and stick to it. You should also decide up to what point you want to take your losses. Respect this covenant with yourself. Break it only if you’re already well-experienced, know exactly what you’re doing and can take the risk.Learn to read the trend.Forex trading is heavy on trends, something you should watch out for. If you want to develop an effective forex trading system, learn to read daily and later, weekly charts. This will help you analyze the direction the market is going. Find the indicators you want to work with and use those to determine if it’s the right time to start trading.