Category: Technology

There seems to be a huge ATT wireless network outage in parts of Michigan (We don’t have any info about other parts of Country). Please add it in comments section.

The Call centers are also down at this time. Most of their towers do not pickup signal in the affected areas.

Update : 14.40 EST Dec 28 2008

Finally was able to reach customer care and they said there is a PRIORITY 1 ticket on the issue, and they are trying to resolve the issue, They wouldnt divulge on how severe the impact is and they dont have any clue when it will be fixed, as they are still working on that. So Have a nice sunday…

Based on comments the issue is also affecting customers in Illinois and should be in other area of MidWest.

Update

1800 EST – Towers are back up still call not going through 🙁

World Bank released a statement on Monday confirming rumours about banning Satyam compuers from its site. It is learned Satyam bribed some bank officials to get the contract and it did not maintain invoices for financial transactions with World Bank Officials.

This along with Data Theft has seriously questioned any credibility on Satyam a Hyderabad based computer software services company.

Last week Satyam was in all wrong news for a different reason, Ramalinga Raju the Satyam promoter tried to buy a properties firm Maytas properties (Which is owned by Ramalinga Raju’s son), Satyam being a listed company apporved the process through its so called independant board, when the takeover news came out the institutional investors cried foul and Satyam backed of from the deal.

Now a separate invetigation against Satyam’s ethical conduct is being conducted under India’s companies law.

Satyam is Listed in Bombay Stock Exchange (BSE) and NSE (National Stock Excahnge)

Circuit City the popular electronics retail outlet plans to temporarily shutdown its 155 retail outlets in the country and exit 12 markets completely. This accounts for nearly 20% of its 720 stores. Though the impact of recession was prevalent in Banking and Finance till now,  this is the first major impact in Retail business. Circuit city has been one of the favorite electronics destination during the festive seasons.

Circuit City has announced that the declining consumer confidence as main reason for this step. It aims to preserve cash and achieve savings in terms of operational cost and salaries to employees.

This will directly impact more than 2000 of its employees. The number could be even higher as Circuit City is cutting positions in operating stores as well.

This event in turn could trigger similar actions from other electronic and high end retail outlets, as the consumers are cutting down their electronic and entertainment spendings in a big way.