Satyam news conference delayed to 05:30 pm

Mon Jan 12, 2009 5:06pm IST

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HYDERABAD, India (Reuters) - Satyam Computer Services on Monday has delayed by half an hour a news conference to be held after the first meeting of its newly constituted board.

The announcement of the delay to 5:30 p.m. was made over a loudspeaker at the press conference venue.

Satyam shares jumped 44.2 percent to 34.40 rupees on hopes the new board appointed by the government would help salvage the company's contracts and staff.

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