Satyam says I'm sorry: "In deference to the views expressed by many investors," which sent...

|About: Satyam Computer Service... (SAY)|By:, SA News Editor
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.