Word: samsung
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Dates: during 2000-2009
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Technology is another fertile arena. The tech news website CNET features a "spreadsheet of sunshine": a list of top Web 2.0 companies in search of software engineers, developers, open source technicians and other savvy staffers. Among the blue-chip companies hiring en masse are Facebook, Samsung, Intel and Research in Motion, the makers of the Blackberry. But it's also possible to flourish at high-tech companies without being, well, high-tech. "If you're in the sales side of technology, that's a pretty good place to be," Hoagland says. "Until we find bottom, what [companies] are going...
...Tokyo, where the Nikkei was down 7% to its lowest level in more than five years, electronics giant Sony slashed its 2008 profit forecast by half. In South Korea, where officials said GDP growth is at a two-year low, Samsung reported a 44% earnings drop. That helped drag down the Kospi index by 9%, bringing the total loss for the week to 17%, the South Korea market's worst showing since 1997. "It seems that in the last two weeks, it has dawned on investors in Asia that no one is immune from the slowdown that is to come...
...more sweeping reforms than the IMF called for. By the time the storm had passed, some of South Korea's biggest companies had disappeared. Mighty Daewoo, one of the Big Four chaebol, was dismembered and its founder prosecuted. But others used the crisis as a spur to tough action. Samsung Electronics boss Lee Kun Hee, his back to the wall, browbeat top executives into rethinking the company. A decade later, Samsung is a global powerhouse with design and technology sophistication that was impossible to imagine at the time. Hyundai Motors, too, endured the crucible and emerged stronger...
...Washington drama, the Fed's Beige Book report revealed that business was weakening everywhere, prompting the Dow to regurgitate 700 points. GM is shutting plants earlier than anticipated, idling 2,800 workers; PepsiCo, which reported falling sales in the U.S., is chopping 3,300 jobs worldwide. Demand for Samsung's DRAM chips is dropping. The retailer Linens'n Things is closing its remaining 371 stores, eliminating 17,000 jobs. The NBA is laying off 80 people, citing slower ticket sales...
...Here's my top gripe: the iPhone 3G does not let you record video or watch live TV, features that are standard (and free) on less expensive rivals like the Samsung Instinct and Verizon Voyager. There is no excuse for leaving out these functions. Otherwise, I can live with the unremovable battery and accept the skimpy battery life (about 5 hours with heavy usage in my tests) as the price for the iPhone's big, bright screen. Since I don't have a huge media collection, the unexpandable memory (8 GB comes standard...