Wednesday, December 17, 2008
8:58 AM
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Satyam says I'm sorry: "In deference to the views expressed by many investors," which sent shares reeling -55% yesterday, Satyam (SAY) backs off its $1.6B deal to invest in two construction firms it once owned. Still, the rash move has some questioning management's competency. Shares +38.5% premarket.