India's Satyam Computer wins US$200 million outsourcing deal from Applied Materials

[OhioChick]

Source: AP

March 28, 2007 - 7:35PM

India's Satyam Computer Services said Wednesday it has won a US$200 million outsourcing contract from U.S. semiconductor equipment maker Applied Materials Inc.

Under the five-year contract, Satyam will provide services to develop software and maintain the information technology infrastructure of Santa Clara, California-based Applied Materials, the Indian company said in a statement.

Hyderabad-based Satyam Computer Services is India's fourth-largest software company.

A dedicated development centre has been set up in Bangalore, India's technology hub, to execute the contract with Applied Materials, the statement said.

<snip> U.S and European companies are increasingly shrinking or closing down their information technology departments to get these jobs done at a lower cost in countries like India _ a trend that is expected to drive the next boom in outsourcing. Earlier, companies outsourced mostly call centre services and back-office work like accounting and billing.



Read more: http://www.smh.com.au/news/Technology/Indias-Satyam-Computer-wins-US200-million-outsourcing-deal-fromApplied-Materials/2007/03/28/1174761560326.html

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More jobs gone.....

[durtee librul]

1. When I worked at TRW, these

asshats took all our CAD design jobs....the thought process was that they would work while we slept and when we came back to work in the a.m., we could just take the drawings and do whatever....

Well guess what? The work was so damn poor, we ended up redoing it. Then TRW thought they would bring some of these asshats in from India....they did and paid them almost 2x what all of us were getting....and the work was still shitty.

Satyam? They are a joke and if anyone out there in lala land thinks anything we send to them stays proprietary - guess again. A lot of our designs ended up at one of our major competitors...hmmmm now how did that happen? Maybe because they also were using Satyam and he sold the 'design' to the highest bidder?"

SCREW THEM.

[Greyhound]

2. Same old story, it's been going on for almost a decade now.

I was working for a client in the financial industry tat decided to save money by off-shoring their DB work, they fired the whole department and shipped all of their customers private financial data to India. Guess what, less than a week later the security department found that it was being sub-contracted out to dozens of little companies all over the world (Eastern Europe was a very popular destination as they work(ed) cheap even by Indian standards) with no way on earth to ever track who had what data or what they were doing with it. Of course this was contrary to the agreement, but India doesn't enforce inconsequential things like contract agreements with American companies.

How we ever got the idea that they were our friends, I'll never know.
:kick: