Tech pisstakers

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Sinking Samsung Net Profit

Yesterday’s post was about a minor flash drive success story for market leaders, EMC. Today’s entry will highlight why execs at another superstar performer, Samsung, are reaching for their liquor bottles for different reasons.

Profits for the world’s number 2 phone producer, LCD screen manufacturer and biggest chip maker, yeah that’s right, quite a record, have dropped 6.6 percent year on year.

Imagine that, the Korean conglomerate failed miserably and only made $2.1bn PROFIT. I say off with their dumb heads. The management, however, are celebrating the fact that investors are even dumber than them. The share price rose, because, get this, investors view this is the best of the last 5 declining quarters. Go work that out. Samsung executives screwed up less badly than they did over the last 15 months, so their company ends up being worth 2.5% more, in 24 hours.

The moral seems to be, in the corporate world, you get ahead by screwing up. Therefore, I can’t wait for armaggedon / Samsung style earnings results from some of these screwed-up financial companies. The failures are bound to catapault plunging share prices of such stellar tech companies as EMC to new highs on Wall St – it’s obvious! Cheers.

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January 14, 2008 Posted by | corporate news | , , , , , | Leave a comment

Flash drives, ah haaah, from EMC

The naked tech truth about hard drives is that flash storage is pretty cool. You can jump all over an iPod and, thanks to the flash drive, it won’t miss a music beat; you can throw your camera out an aeroplane and the flash card will survive unscathed, assuming it doesn’t land in a fire. And as time moves on, the itty bitty 128MB drives have evolved into the gigabytes.

And now, EMC, the masters of the data storage universe, where they think in terabytes and beyond, are the first to incorporate solid state flash drives for industry. Woah, it finds info so fast on your hard drive that it shows the results before you even finish your search term!

I wondered what it would be like to pack one of those flash drive babies into your iPod. Talk about putting a big bulge in your pocket, having to lug one of those around. And a hole in your pocket to buy one.
Of course, EMC couldn’t care less about iPods, they have bigger fish to fry, but on the domestic front, it is a hint of the future of PC hard drives. Amongst other things, instant on computers will be feasible. There we go, another 30 seconds a day saved.

What will you do with your 30 seconds? Listen to a sample of music on iTunes? EMC execs will probably use the extra half minute to compute their extra money.

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January 14, 2008 Posted by | corporate news, Humor, storage | , , , , | 2 Comments