I would listen to that very carefully.Primafacie that does not talk very high about the management. SInce your wife would have been with the company since it was very small she should have been in contact with Mr. Kulkarni (the director) - would have expected her case to be speeded up at least. 

While this does not show that the management is a complete fraud and that the company's products should not do well it just gives us some perspective; probably it is a  one off maybe that they were not too serious about that but basically I agree it should not overshadow the business model of the company.

Very interesting discussion. While I have no idea about Mundu, Geodesic, or its management; there are few gems from the legend (Warren Buffet) which come to mind:

1. In evaluating people, you look for three qualities: integrity, intelligence, and energy. If you don’t have the first, the other two will kill you.
2. If you put the right people in the wrong business, the bad economics of the business will prevail. On the other hand, the wrong people will ruin a good business. What you need are the right people in the right business.

 The background of the people who have joined in the last year, in particular  but not exclusively along with the Simputer acquisition and with(indirect)NASA and FII holdings one can more or less take management integrity and ability for granted.But valuations are high,technology is ever-changing ,earnings can throw up negative surprises and so one has to look beyond all that into the very heart of the issue-the depth and qualty of talent and how they are nurturing it to produce extraordinary results.  If there question marks regarding this ,the share price ought to be a fraction of what it is currently traded at.

Edited by Ajith - 18/Oct/2006 at 1:27pm