Virtual Pool Program (VPP) another form of sabbatical.

Satyam started offer Virtual Pool Program (vpp) for its employees.

VPP : Is keeping the bench staff into sabbatical.Giving some amount of salary and keeping them in pay rolls of the company.

Satyam is offering to employee following only.

1.Basic salary (satyam has very less basic ie 1/3 of your gross is basic)
2.internet allowance (Rs250 per month)
3.This is done for 6 months to less level people and 4 months for big people.
4.Insurance will be covered to them in VPP

what does satyam gain?

1.lowering employee strength.
2.paying basic reduces its expenditure very less.
ex ) Consider 7000 employees selected for sabbatical then satyam would save around

7000 * 30000(on average salary saved per employee) * 12 months = Rs2,52,00,00,000
i suppose it saves 252 crores.
3.employees selected will not be coming to office so the operating cost etc also will be reduced.

This way Satyam which is in profits by the latest news which came will be more profitable.
i thing Markets will take this as a positive news and raise up again.

My personal target for satyam is from 100 -125rs

Big fall in indian market..

AS US markets collapsed and all the asian markets followed the US market.we can expect the sensex will lose around 800-1000 points today and it may close with loss of 600 points in bse

pick some good shares ..