Forums before death by AOL, social media and spammers... "We can't have nice things"
|    alt.business    |    Business related discussions (no ads)    |    27,547 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 27,201 of 27,547    |
|    Transheuser-Busch to All    |
|    The demise of homosexual infested Cisco     |
|    22 Jun 24 23:07:31    |
      XPost: alt.fan.rush-limbaugh, alt.politics.homosexuality, sac.politics       XPost: talk.politics.guns       From: transheuser-busch@gmail.com              Jensen Huang isn't sitting comfortably atop the world's most valuable       company.       He doesn't want Nvidia to meet the same fate as Cisco or Sun, The       Information reports.       The two other companies were on top in the 90s, but collapsed when the       dot-com bubble burst.       For Jensen Huang, unparalleled success has reportedly come with a healthy       helping of anxiety.              The Nvidia cofounder has been christened the tech world's Taylor Swift —       with a rock-star persona to match the company's unprecedented riches.              Known for his signature leather jackets, Huang was recently pictured       autographing a woman's chest at a tech event in Taiwan — this as 31-year-       old Nvidia became the world's most valuable company on Tuesday, edging out       Microsoft with a $3.338 trillion market capitalization.       But The Information reported that behind the scenes, Huang, 61, is       concerned with future-proofing Nvidia, telling colleagues he doesn't want       it to meet the same fate as former tech titans Cisco and Sun Microsystems.              Having launched in 1999 as a maker of GPUs for gaming systems, Nvidia has       had its stumbles over the years, The Information reports, including a       failed attempt at software for self-driving cars.              There's no imminent sign of a slowdown for Nvidia's white-hot chips that       are largely powering the AI boom.              Cisco shares plunged when the dot-com bubble burst       Several analysts have drawn parallels between Nvidia and Cisco, which also       trafficked in hardware that fueled its day's transformative technology.              Cisco sold routers and other networking hardware during the dot-com       bubble. It went public in 1990 and saw its stock crest in 2000, briefly       becoming the world's most valuable company with a $569 billion market cap.              Sound familiar?              But then the bubble burst. Data centers built by telecom companies went       untapped, and Cisco's hardware went from revolutionary to commonplace.              The company announced layoffs in 2001, and by October 2002, its share       price had plunged 90%, according to Investor's Business Daily. While       shares have never reached peak levels again, the company continues to       operate.              Sun had a $200 billion valuation — and was later acquired for a fraction       of that.       Another cautionary tale Huang reportedly heeds is Sun Microsystems.              "He tries to remind people not to get 'Sunned,'" a Nvidia employee told       The Information.              The server and computer manufacturer experienced a similar ascent to Cisco       during the dot-com bubble, with CEO Scott McNealy and programmer Bill Hoy       emerging as celebrities of the tech industry, according to Forbes.              Sun's operating systems were an early hit and eventually led the company       to a peak market cap of $200 million in 2000, according to Marketwatch.              But eventually competitors caught up — and Sun failed to pivot to the       lucrative software space, The Information reports.              It was acquired by Oracle for $7.4 billion in 2009.              The Information reports Huang is seeking to avoid the same fate by       diversifying Nvidia's business beyond chips, including with cloud server       rental and software businesses.              Nvidia AI Enterprise, for instance, is an operating system that trains AI.       Whether history repeats itself remains to be seen.              https://www.msn.com/en-us/money/markets/rare-earth-discovery-could-topple-       china-s-dominance/vi-BB1oaOqU?ocid=BingNewsBrowse              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca