SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Galapagos Islands
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SmoothSail who wrote (19389)1/2/2003 5:47:50 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
actually, that ain't so bad. We send them worthless pieces of paper (that are getting more and more worthless everyday) and we get real product in return. Not a bad deal at all:-)

My concern is really centered around the fact that American businesses are willing to do business at a loss because of the "promise" of bigger profits down the line. The thing is, I have never seen a contract negotiated with a Chinese customer where a discount level isn't guaranteed for 3-5 years. And usually by then, they are done buying.

When I was competing against CSCO, I saw them discount against us up to 92%. Back then, my boss was adamant about not giving business away, but he would have me push the discount levels to make sure that CSCO couldn't make any money on the deal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News