What does Satyam Computers's situation mean to Chennai?

What does Satyam Computers's situation mean to Chennai?

We all know the situation of Satyam today, due to mishandling of accounts/books in Satyam Computers. What does this mean to Chennai and other cities??

Please find a news article from 2007 about Satyam Computer Services in Chennai.

1) Satyam will not be buying any land in Chennai or give it up, 99%.
2) Employees from all cities and Chennai to Satyam Computers will be affected because of this already. They will be laid off and they should be searching jobs and be in job market.
3) Potential Job Oppotunities in Chennai is devastated now.

Pity situation for everyone!!

A news article from mid of 2007 -

Satyam to start center in Chennai

Satyam Computer Services will open its development center in Madurai, reports Press.

The company applied for 50 acres under ELCOT scheme proposed in the university land on Theni road. The company would commence work as soon as the government announces the approval.

The proposed campus would initially accommodate 5,000 and would be developed to 10,000-seater over a three-year period.

The company made a proposal to establish an autonomous IT academy in Tamil Nadu, under the public-private partnership funding to the Chief Minister.