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.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (66763)12/20/2004 10:26:36 AM
From: Elroy  Read Replies (2) of 77397
 
If Huawei ends up eating Cisco's lunch in China, which is by no means a certainty, then they could use what they learn to expand globally and compete fiercely.

That's a big if. You could have said the same thing about some Chinese PC company in 1995 (gonna kill Dell), about some Chinese cell phone company in 1998 (gonna kill Nokia), about some Chinese contract manufacturer in 2000 (gonna kill Flextronics) or about some Chinese anti-virus software company in 2002 (gonna kill Symantec).

But it never seems to happen.....

At the end of the day, Chinese companies are state supported, centrally managed organizations that may do fine in their centrally managed domestic economy, but these Chinese companies haven't a chance in the lean, mean, world of competitive international capitalism. If the opposite were true (the Chinese companies are intensely competitive and up to snuff), then we would have heard of them, and be buying things from them.

The Chinese banks have massive outstanding bad loans to the bad Chinese companies that don't make enough money to repay the loans. The whole place is a house of cards, and will likely at one point be the biggest economic collapse of my lifetime.
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