Saturday, January 10, 2009

Ball Control Football Duration


Martinho Eduardo Orige (Brazil) juggled a regulation soccer ball for 19 hr 30 min non-stop with feet, legs and head without the ball ever touching the ground at Padre Ezio Julli Gym in Ararangu√°, Brazil on August 2-3 2003.

Thursday, January 8, 2009

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Wednesday, January 7, 2009

Satyam Chairman Resigns After Falsifying Accounts

Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after saying he falsified accounts and assets, sending shares of the Indian software services provider to a record decline.

Raju, 53, unsuccessfully tried to sell two companies to Satyam last month in a final attempt to plug 50.4 billion rupees ($1.04 billion) of “fictitious assets” on the company’s balance sheet, Hyderabad-based Satyam said in a statement today. Profits from the main business have been inflated “over a period of last several years,” Raju said in a letter to the board.

The transactions started to unravel after shareholders vetoed the sale of two construction companies, four directors quit the company and the World Bank barred Satyam from bidding for contracts. India’s markets regulator C.B. Bhave said the event is of “horrifying magnitude” as Satyam dragged down the benchmark stock index already hit by a record slump last year.

“This is a black day for India, the software sector and corporate governance claims,” Arun Kejriwal, founder of Kejriwal Research & Investment Services, said in Mumbai. “If at all there’s an event that could be the biggest setback for corporate India, it is this.”

Shares of Satyam, which means “truth” in Sanskrit, plunged 69 percent to 55 rupees in Mumbai trading. The Sensitive Index tumbled 4.3 percent.

‘Non-Existent’

Of the reported cash and bank balances of 53.61 billion rupees on Sept. 30, 50.4 billion rupees was non-existent, Raju said in the letter sent to the Bombay Stock Exchange.

Operating margin at Satyam, India’s fourth-largest software exporter, in the quarter ended Sept. 30 was 3 percent of revenue, instead of the reported 24 percent, Raju said in the letter. The company’s revenue was 21 billion rupees, 22 percent less than the inflated figure of 27 billion rupees that had been reported.

Raju arranged 12.3 billion rupees “to keep operations going” at Satyam over the last two years by pledging the founders’ shares and raising funds from other sources, he said.

“What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years,” Raju said. “It was like riding a tiger, not knowing how to get off without being eaten.”

‘Easy Target’

The founders’ concern was that a poor performance, combined with the fact they held a small stake in the company, would make Satyam an easy target for a takeover, exposing the inflated figures, he said.

Satyam yesterday denied a report that the company received a merger offer from Tech Mahindra Ltd., an Indian software-services provider controlled by Mahindra & Mahindra Ltd. and partly owned by BT Group Plc.

Tech Mahindra termed the report of a proposed all-stock merger as “speculative.”

Earlier in the week, MindTree Ltd. denied a report it was one of two smaller rivals in talks for a merger with Satyam. The Hyderabad-based company is in talks to merge with smaller rivals including HCL Technologies and MindTree, the Business Standard reported on Jan. 5, citing unidentified people at investment banks.

Raju’s attempts to “keep the wheel moving” at Satyam was finally derailed as lenders sold most of the pledged shares because of margin calls, he said.

Reduced Holdings

SRSR Holdings Pvt., which holds the founding family’s stake, reduced their holding to 3.6 percent from 5.13 percent, Satyam told the Bombay Stock Exchange yesterday. Of the 3.6 percent, 1.7 percent is pledged with lenders, it said.

The stake sales by the families of Chairman Raju and his younger brother, manager director Rama Raju, reduced their holdings to below levels held by institutional investors including Aberdeen Asset Management Plc. Funds run by Aberdeen own 6.6 percent of Satyam, according to data compiled by Bloomberg until the end of October.

Raju scrapped the planned acquisition of Maytas Properties Ltd. and Maytas Infra Ltd. last month, less than 12 hours after announcing it, after the company’s ADRs plunged.

Separately, the World Bank Dec. 23 declared India’s fourth- biggest software-services provider ineligible for contracts for eight years, alleging ‘improper” benefits were given to the bank’s employees.

Satyam was founded in 1987 by Ramalinga Raju and Rama Raju and counts ArcelorMittal, the world’s largest steelmaker, and Nissan Moto Co., Japan’s third-biggest carmaker, among its customers.

“This company had a five-star independent board and it had a leading auditor and still it managed the con,” said Tarun Sisodia, a Mumbai-based analyst with Anand Rathi Securities Ltd. “So the question is why only Satyam, why not every other company.”

Saturday, January 3, 2009

Smallest Waist on a Living Person

Cathie Jung's waist is about the same size as a regular jar of mayonnaise. She's been wearing a corset every day for the past 12 years, and she now wears one 24 hours a day. "I probably have around 100 of them," says the corset queen.

Furthest Eyeball Popper


Kim Goodman (USA) can pop her eyeballs to a protrusion of 12 mm (0.47 in) beyond her eye sockets. Her eyes were measured in Istanbul, Turkey, on November 2, 2007.

Gurning World Championships


The Egremont Crab Apple Fair, Cumbria, is the venue of the World Gurning Championships (formerly known as the `Grinning for'bacca" contest). The competition is not limited to toothless old men, though they do make up a large proportion of the contestants. The only gurner to have won the World Championship ten times is Gordon Mattinson of Aspatria, Cumbria, from 1967-72 and 1974-77.

Friday, January 2, 2009

World's Tallest Man


The tallest man in medical history for whom there is irrefutable evidence is Robert Pershing Wadlow. He was born at Alton, Illinois, USA, on February 22, 1918, and when he was last measured on June 27, 1940, was found to be 2.72 m (8 ft 11.1 in) tall. Wadlow died at 1:30 a.m. on July 15, 1940, in a hotel in Manistee, Michigan, as a result of a septic blister on his right ankle caused by a brace, which had been poorly fitted only a week earlier. He was buried in Oakwood Cemetery, Alton, in a coffin measuring 3.28 m (10 ft 9 in) long, 81 cm (32 in) wide and 76 cm (30 in) deep. Wadlow's greatest recorded weight was 222.71 kg (35 st 1 lb) on his 21st birthday and he weighed 199 kg (31 st 5 lb) at the time of his death. His shoe size was 37AA (47 cm, 18½ in long) and his hands measured 32.4 cm (12¾ in) from the wrist to the tip of the middle finger. He wore a size 25 ring. His arm span was 2.88 m (9 ft 5¾ in) and his peak daily food consumption was 8000 calories.At the age of nine, he was able to carry his father Harold F. Wadlow, later Mayor of Alton, who stood 1.8 m (5 ft 11 in) and weighed 77 kg (170 lb), up the stairs of the family home.