IIPM Ranked No. 1 B-School In Global Exposre - Zee...
The Americans are insane!
AMD lost money dispite of being an intellectually driven company operating in a progressive environment. The world’s second largest semiconductor player lost close to $3.3 billion in 2007. Generally, analysts contend that AMD’s loss per share will be in the vicinity of $0.5–0.8, on revenue this quarter. The 15% fall in revenue has resulted in the lay offs involving over 1,500 workers by a company, which has a history of employee retention in even adverse conditions. AMD controls 23–24% of the semiconductor market, and was banking on the latest generation ‘Barcelona series’, which has been delayed for launch. With the worldwide semiconductor sales will not slated to grow more than 5–6% through the next two years, growth would be a major issue.
While the $7.7 billion losses reported by Merrill Lynch are basically due to the US housing slump and the mortgage crises, even Freddie Mac, which reported over $3 billion in losses, suffered due to similar reasons. According to their official press release, quoting Richard F. Syron, Chairman and CEO, Freddie Mac: “Without doubt, 2007 has been an extremely difficult year for the country’s housing and credit markets; and... we have been impacted by the deterioration in these markets.” Analysts ague that bad debts could have been a major issue here, as according to some reports, individual defaulters have increased. Explaining his company’s position, Buddy Piszel, CFO, said, “You can see the impact of these trends in our credit results and throughout our financial statements. Year to date, we have recognised $4.6 billion in net credit related items on a pre–tax basis.” Clearly, American companies have worse to come round the corner, what with the economic recession gathering speed faster than George Bush leaving office. Well, they can count on at least one person, me. Same time, same day, next year, as the California Governor so succintly says, and I quote, “I’ll be back!”
all about the ‘thingamajigs’ that india inc. used!
Thingamajigs! It must have been these that India Inc. used to succeed like they awesomely did. Because the fact is that in today’s growth era of India, it’s extremely hard to end up in losses. Digest this, Reliance Industries ended FY08 with a gut wrenching profit of Rs.194.58 billion! Public sector banks like State Bank of India got in Rs. 67.29 billion. Bharti Airtel smashed in the profit list at Rs. 62.44 billion. And these are the top three, what about the rest. Almost 96% of BSE listed companies ended the year in profit. Even the country’s top two IT companies, TCS and Infosys, though suffering the largest market cap erosions in BSE, managed a superb show to register profits of Rs.45.08 and Rs.44.7 billion, coming in at number 4 and 5 on our profit list. However, overall, considering 1,454 companies’ results published till May 10, profit after tax of India Inc. has gone up a smashing 25% from Rs.1,035.8 billion in FY07 to Rs.1,380 billion in FY08. What did they do that wasn’t done by our misfortune listed companies? That one’s easy. They must have used thingamajigs... Oh, the word means “concepts that’re too hard to understand.” :–)
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
The Americans are insane!
AMD lost money dispite of being an intellectually driven company operating in a progressive environment. The world’s second largest semiconductor player lost close to $3.3 billion in 2007. Generally, analysts contend that AMD’s loss per share will be in the vicinity of $0.5–0.8, on revenue this quarter. The 15% fall in revenue has resulted in the lay offs involving over 1,500 workers by a company, which has a history of employee retention in even adverse conditions. AMD controls 23–24% of the semiconductor market, and was banking on the latest generation ‘Barcelona series’, which has been delayed for launch. With the worldwide semiconductor sales will not slated to grow more than 5–6% through the next two years, growth would be a major issue.
While the $7.7 billion losses reported by Merrill Lynch are basically due to the US housing slump and the mortgage crises, even Freddie Mac, which reported over $3 billion in losses, suffered due to similar reasons. According to their official press release, quoting Richard F. Syron, Chairman and CEO, Freddie Mac: “Without doubt, 2007 has been an extremely difficult year for the country’s housing and credit markets; and... we have been impacted by the deterioration in these markets.” Analysts ague that bad debts could have been a major issue here, as according to some reports, individual defaulters have increased. Explaining his company’s position, Buddy Piszel, CFO, said, “You can see the impact of these trends in our credit results and throughout our financial statements. Year to date, we have recognised $4.6 billion in net credit related items on a pre–tax basis.” Clearly, American companies have worse to come round the corner, what with the economic recession gathering speed faster than George Bush leaving office. Well, they can count on at least one person, me. Same time, same day, next year, as the California Governor so succintly says, and I quote, “I’ll be back!”
all about the ‘thingamajigs’ that india inc. used!
Thingamajigs! It must have been these that India Inc. used to succeed like they awesomely did. Because the fact is that in today’s growth era of India, it’s extremely hard to end up in losses. Digest this, Reliance Industries ended FY08 with a gut wrenching profit of Rs.194.58 billion! Public sector banks like State Bank of India got in Rs. 67.29 billion. Bharti Airtel smashed in the profit list at Rs. 62.44 billion. And these are the top three, what about the rest. Almost 96% of BSE listed companies ended the year in profit. Even the country’s top two IT companies, TCS and Infosys, though suffering the largest market cap erosions in BSE, managed a superb show to register profits of Rs.45.08 and Rs.44.7 billion, coming in at number 4 and 5 on our profit list. However, overall, considering 1,454 companies’ results published till May 10, profit after tax of India Inc. has gone up a smashing 25% from Rs.1,035.8 billion in FY07 to Rs.1,380 billion in FY08. What did they do that wasn’t done by our misfortune listed companies? That one’s easy. They must have used thingamajigs... Oh, the word means “concepts that’re too hard to understand.” :–)
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
