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Shadow Ram

 

Defaulter list shoots up in Bangalore
Bangalore distributors and traders are feeling jittery as four more traders are said to be either winding up or absconding from their IT business. A few months back, well-known retailer Jupiter IT Solutions shut shop, and it is said to have created potential bad debts of around Rs 2 crore. Now four more names are being added to the list.
A source of Shadow tells that new names such as Pooja Impex, System Solutions and K S Info Systems are being discussed as potential permanent defaulters. What is more alarming is that the default payments of these four are said to total about Rs 8 crore.
Worse news from SP Road—the local IT marketplace in the city—is that another 6-7 traders are also expected to wind up their business because volumes have been sliding even further.
Distributors are keeping a vigil over every movement in the marketplace, and are said to reviewing the credit terms of many partners.
Can’t blame them.

 

 Top 5 reasons why CIOs need to go on leave

  • Sales people can hog all the bandwidth to watch streaming video—no one’s watching.

  • The Deputy GM at IT can get the time to carry out the DR drill he was assigned—finally!

  • While at the drill, junior IT staff who are part of  disaster recovery dispatches to offshore sites can have fun dress rehearsing—in fancy clothes.

  • So that the CIO’s over-worked, over-stressed, over-teched secretary can go on leave as well—a well-deserved one.

  • The CIO can come back with a real innovative streak in him— the ‘I’ in his title needs that.
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