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Sim doesn't seem to be a businessman at all.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Creative is a good example of how 1) a good business can lose its moat 2) how bad management can affect good business 3) how value measures like net cash is irrelevant when management does not intend to disteubute it or use it in a nonchalent way 4) how prolong the "dying" process can be and hence how many people can be trapped again and again
These are some issues to look out for in terms of value traps vs value stock. That's why I don't stick around when management gone bad despite what the numbers say.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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keynes once said
" the central principle of investment is to go contrary to the general opinion on the grounds that if everyone disagree about its merits, the investment is inevitably too cheap and therefore attractive"
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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Intel buys Creative's GPU, SoC know-how
Published on 21st November 2012 by Gareth Halfacree
http://www.bit-tech.net/news/hardware/20...tive-gpu/1
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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Nov 19 2012 sgx announcement:
Creative Technology Ltd today announced it has entered
into an agreement with Intel Corporation for Intel to license certain technology and patents from
ZiiLABS Inc. Ltd, a wholly-owned subsidiary of Creative, and acquire certain engineering
resources and assets related to its UK subsidiary ZiiLABS Limited (formerly known as 3DLABS
Limited).
ZiiLABS Inc. Ltd (still wholly-owned by Creative) will continue to retain all ownership of its
StemCell media processor technologies and patents, and continue to supply and support its ZMS
series of chips to its customers. It will also continue to develop devices incorporating the
ZiiLABS ZMS-20 and the ZMS-40 media processors.
“Creative will continue to retain ownership of its formidable patent portfolio in the field of 3D
graphics and media processing. We will be engaging in discussions to further monetize this
valuable collection of 100 plus patents.” added Sim Wong Hoo.
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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(11-03-2014, 10:53 AM)GPD Wrote: Creative Subsidiary ZiiLabs Files Patent Infringement Lawsuit Against Samsung and Apple
Total claim about US$70mil!
http://infopub.sgx.com/FileOpen/007PR201...eID=287804
It seems lawsuit becoming a "core" business for Creative, after the success case previously. The company is trying to monetize its previous R&D effort...
(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(11-03-2014, 10:53 AM)GPD Wrote: Creative Subsidiary ZiiLabs Files Patent Infringement Lawsuit Against Samsung and Apple
Total claim about US$70mil!
http://infopub.sgx.com/FileOpen/007PR201...eID=287804
GPD: The US XXXXX is the patent registration number. It's not the estimated lawsuit claim.
So far, it can be either way. They are competing against the two largest players now. I wonder if Creative has the firepower to drag the lawsuit. Could Intel have some support for this?
"Criticism is the fertilizer of learning." - Sir John Templeton