Satyam's a Steal By Steve Gear About this article: Satyam Computer recently announced a deal to spend all its cash (and more) on unrelated businesses with ties to its chairman, creating shockwaves in the investment community. Satyam has since canceled the deal, leaving investors with a good business -- though it will suffer recessionary pressures -- lots of cash and an attractive valuation. This morning the company announced a board meeting scheduled for Dec. 29 to consider future moves, including a company buyback. For investors with a strong stomach for volatility, Satyam may offer a unique contrarian play. Satyam is an India-based provider of IT services, including application development, consulting, infrastructure management and business process outsourcing. It is the fourth-largest Indian IT services company (based on 2008 export revenues). The company has more than 680 customers, including a large number of Fortune 500 companies, and operates in more than 65 countries worldwide. India is a leading... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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