He stuck around too long in the fucked up IT industry
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Chitchat Company I admired in Singapore owned by Singaporean
- Thread starter myfoot123
- Start date
Sim ran a PC shop in Pearl Centre selling 1st generation clone Apple PCs. He then ventured into manufacturing his own branded PC called Creative and set up shop in Hunan. Then their sound blaster took off. Through out he worked with his Chinese ed close friends. I supposed it was the old mentality of only involving your relatives and close friends that killed Creative. Interestingly they did well even after Sound blaster when their evolving technology was stolen by the likes of Apple for iPod etc. Creative sued and won and this brought in substantial revenue. I guess they really do not know what to do with the money including capital raised from so many Singaporeans.
Notice that no one is keen to do a post mortem of Creative including our press.
Notice that no one is keen to do a post mortem of Creative including our press.
Sim could have just worked with Apple be its EOM partner and Creative could have been another Foxconn just piggyback and riding on apple's success.
But Sim wanted to take on Apple thinking he could beat them....on hindsight it might looked like the century's dumbest decision.....but as recent as 10 years ago creative was still head to head with Apple in the MP3 player market. But 10 years is a lifetime in the tech industry....the iPod, iPad iPhones are now all icons while the zen, ziio and what have you became butt of bad jokes.
But Sim wanted to take on Apple thinking he could beat them....on hindsight it might looked like the century's dumbest decision.....but as recent as 10 years ago creative was still head to head with Apple in the MP3 player market. But 10 years is a lifetime in the tech industry....the iPod, iPad iPhones are now all icons while the zen, ziio and what have you became butt of bad jokes.
and he had way too much money.
ultimately that the recipe for disaster and downfall for sinkies.......be it sinkies from the private sector or public sector.sinkies think money can solve anything but it couldnt be further from the truth,it only prevents them from realising the inevitable,that they are too incompetent or stupid.the lifespan of a sinkie can be determined by their level of incompetence,their level of self awareness ,stupidity and inability to recognise and correct their mistakes(repeating them over and over again) and adapt quickly(this human condition can be described by the dunning kruger effect),the size of the project,goal or task they are trying to achieve and the amount of money and resources backing them up.there should be a mathematical equation to measure the incompetence of sinkies.
ultimately we have to assume that most sinkies are just too incompetent and inaptitute to achieve anything real or concrete in life up to or pass a certain point,majority sinkies are mediocre and possess inferior coolie genes,as inferred from the woeful lack of evidence supporting sinkies' cause,great or ingenious sinkie entrepreneurs and businessmen are few and far between.whereas in hong kong and china stories of great businessmen and entrepreneurs are being born everyday.and also evidenced by the massive amount of empirical evidence and anecdotes in the administrative sector,stories of sinkie paper generals and glc ceos and ministers and their innumerable failures and magnificent displays of incompetence,driving company after company into the ground,surviving only by the grace of our taxpayers dollars and sinkies unlimited patience for unlimited mistakes.
sim wong hoo was a unique and exceptional case,his massive wealth and resources enabled him to survive far longer than he or any other inferior sinkie should have thus making his tragedy one of the longest and most tragic in the history of singapura and malacca.15 years and the fact that sim wong hoo was unable to recognise from day one that his business model was a failure and a fantasy,that he really did not had anything to sell besides the initial sound products,hes inability to make any concrete or impactful changes to the company policies or management or business plan or model over the years,and his inability to steer the titanic ship in any direction but down,and the long agonizing death of his stock prize dribbling from $60 all the way to $1.20.sim was clearly not cut out to be a business man or a industrialist of any kind.the level of incompetence and inability or stupidity to recognize his own incoherency and mistakes and delusion and deception involved was sheer frightening and sad.
ultimately sinkies are born to worship gods of exceptional abilities and perfection and celestial beings like lee kuan yew,cause their minds and coolie genes are not bright or sharp enough,they lack the mental acumen to slice thru the dogma and the myth like a pair of scissors.
the incompetent sinkies i worry about most is LHL and his PAP lackeys,cause when u give incompetent people lots and lots of power and money,usually it ends in disaster for us all.
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please admit that SInkieland and sinkies has nothing to offer to the world at the very moment..
The moment sinkies talks about Ang Peng shiong and revived his old glory in the 80s ( 40 years ago), you know sinkieland has no where in the future..
why not settle in a new country, a better future awaits for you.
The moment sinkies talks about Ang Peng shiong and revived his old glory in the 80s ( 40 years ago), you know sinkieland has no where in the future..
why not settle in a new country, a better future awaits for you.
it would have been alright if LKY and LHL decided to leave sinkies alone and shut off singapore to the world,sinkies would have been perfectly happy being mediocre and incompetent all by themselves on this island.....instead they had to open the gates of hell and the box of pandora and now all we have is this shithole with 6.9m population.
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I do have bad news for you. For privately started Singapore companies that are in the big leagues internationally there is only one - Shangri-La. It started by Robert Kuok in 1971 but unfortunately for us Robert moved to HK and its primary listing is in HK. Its now a major player around the world.
The other privately started local big companies are all property developers and 2 Banks - UOB and OCBC. Interestingly they are all old money and started before PAP came to power in 1959.
With PAP's policy of securing the best and the brightest after their A levels with scholarship and a pay scale of $250K before 30years of age, there is no incentive or motivation to innovate, take risk or even think out of the box.
If you take Hyflux for example, its a Malaysian girl who came here to study and even then not an international player of scale.
The other privately started local big companies are all property developers and 2 Banks - UOB and OCBC. Interestingly they are all old money and started before PAP came to power in 1959.
With PAP's policy of securing the best and the brightest after their A levels with scholarship and a pay scale of $250K before 30years of age, there is no incentive or motivation to innovate, take risk or even think out of the box.
If you take Hyflux for example, its a Malaysian girl who came here to study and even then not an international player of scale.
I've bad news for you. Robert kuok is not a sinkie.
https://en.m.wikipedia.org/wiki/Robert_Kuok
You can argue the first shangrila started in singapore but not the company that started it.
robert kuok was already filthy filthy rich beyond imagination before shangri la was first built so its kinda moot.he made his fortune in sugar and trading sugar futures,sugar was his trade skill taught to him by his mentor and will always be his lifeblood and he is the king of sugar.
Robert Kuok doesn't count.....he's Malaysian.
Maybe Banyan Tree but yet a household name.
Back to Sim.....
Creative was machiam a lucky punter kena toto.....once in a lifetime thingy.
He should have quit and put it all in the bank....bought some blue chips and lived on the interests/dividends.
Instead he used the money to tikum on more toto hoping to strike 2nd time....and parlay into 4D and Singapore sweep. That was his mistake. He failed to see that and over estimated himself
imagine how much pussy sim could have bought with that billion dollars.....sad.
Yes Malaysian but studied here and moved his home to Singapore when he started Shangri-La. Before leaving for HK.
Banyan Tree - old money from Wah Chang International, came from Bangkok. Parents came from Bangkok and he was also born there.
Actually Sim began diluting his his stake in Creative and did the rights issues He passed the risk to Singaporean shareholders. The company lost close to a billion but himself had moved venture capital privately. His personal fortune minus creative from what I hear is dong well. Invested heavily in the likes of Cisco, Apple etc
Banyan Tree - old money from Wah Chang International, came from Bangkok. Parents came from Bangkok and he was also born there.
Actually Sim began diluting his his stake in Creative and did the rights issues He passed the risk to Singaporean shareholders. The company lost close to a billion but himself had moved venture capital privately. His personal fortune minus creative from what I hear is dong well. Invested heavily in the likes of Cisco, Apple etc
So, the real question is why there isn't anyone else like sim? Apart from old money, malaysian, thais? Where are the A* students? All sucked up by pappis? Isn't this itself a flaw in the system? A symptom of not being entrepreneur enough? That it doesn't encourage creativity? I think sim touched on this in his no u turn syndrome article.
Some say he's gay but I'm not sure.
He did throw alot of money towards that bankrupted pussy Nanz Chong.....if he's not gay then have to share her pussy with jap-American cock of her hubby.
Robert Kuok actually made his mega bucks supplying edible oils and sugar to communist China when the country was embargoed by the west.
Banyan Tree is actually not doing well at the moment. It's 'positioning' as a premium boutique style spa hotel has been superseded by international and regional competitiors in pushing out fresher and more unique lifestyle hotel concepts. People in the know will tell you the company is filled with useless old Angmo senior management (people who were axed from international brands) and no talent (they don't pay them well) junior Singapore staff (cannot present ideas properly). The senior Angmo management has been revolving door for last few years, with one guy walked out of the door for integrity issues.
how many times must we repeat this,sim was just a lucky asshole who figuratively won the US $600 million dollar powerball lotto while sitting in his shop in sim lim square tinkering with computer parts and invented the sound card,he is not entrepreneurial in anyway.the fact that he was worth 1 billion and lost 90 percent of it is evidence what a terrible businessman he was and never deserved the money in the first place.
He is known to be very discreet but prolific in dating ladies. In some ways reminded me of Catherine Lim who after her divorce became a player
Good for him. It'll be sad if he lost his money blessed by the company he founded.
For someone who snubbed pappies....he deserved all the millions he's made by himself
Yes, Banyan Tree is struggling, both husband and wife are liberals and not exactly business minded. They might want to take some lessons from OBS and Christina and now their daughter Melissa when it comes to resorts. OBS since the late 80s has been picking out resorts. Started in the Indian Ocean and now the Caribbean. Like Banyan tree, its the beauty and the exclusiveness but in the case of OBS, despite its exclusiveness it must appeal to right across. His will have sea sports, fishing, entertainment as well as spas, etc. Very localised flavours as well. Banyan was more a retreat. Wife picks the decor.
By the way Christina Ong is into Spas as well. She is going for the world from what I hear.
By the way Christina Ong is into Spas as well. She is going for the world from what I hear.
sim's networth according to forbes was down to $100 million in 2007,i highly doubt he is "diversified".....that was before his company suffered 24 "consecutive quarters of losses" in 2012,by now should be digging in canals and longkangs for spare change to rescue his company.
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