Ø Market credibility and reputation impacted
Ø Downgrades by Financial analyst and possibly industry analysts as well
Ø Loss of customer confidence leading to existing customers/prospects moving away in the near to medium term. I am positive that no new customers will want to do business with Satyam.
Ø They will definitely lose some business in the next few quarters probably pushing Satyam into negative growth which again will have an impact on their share price/market cap
Ø Loss of investor confidence due to credibility loss of the management/board & failure of corporate governance
Ø Their stock has been hammered down and it has fallen more than 40% to around $7.8/share. Their market cap at the current price is $2.64B. They are an attractive acquisition target with considering that they have around $1B in cash reserves. I wouldn't be too surprised if someone mounts an hostile takeover bid for Satyam.
Ø In the current market conditions some of the above factors can have a significant impact and may even lead to the fall of Satyam