FTrash Filled CSM LOST Whopping USD24M!

[cass888]

What is $24 M? Not even enough to pay Lehman Brothers' stay-on bonus.

 

[chinkangkor]

Senior management gave themselves US$20m retention bonus for 2006/2007. Now retrench can get retrenchment benefits. Wow collect so much money within two years. Futhermore can get reemployment in other GLC. Farking easy money. Maybe also got sign on bonus.

The retrenchment would start at the production lines and slowly move upwards to engineers level. As CSM employs lots of overseas contract production workers and engineers, it may be facing a dilemma.

 

[khunking]

Through thick and thin? 有福同享有難同當？

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[qwerty]

does anyone know why taiwan fabs tsmc, umc can do well?
is it because its mainly local taiwanese running the show unlike csm where i'm sure like other places in sg, cheaper Ft is prefered.

UMC and TSMC are very strict in quality control in all areas. not just the production part.... can match the japanese...

if you compare them to chartered, of course no fight.

 

[chinkangkor]

CSM couldn't catch up with TSMC & UMC technologies. In other words, CSM not innovative enough.

 

[lifeafter41]

CSM couldn't catch up with TSMC & UMC technologies. In other words, CSM not innovative enough.

I thought that during the last investment cycle, was it for Fab 7, that will leapfrog CSM to the forefront of technologies to play catch up with TSMC and UMC, what happened?.

 

[chinkangkor]

I thought that during the last investment cycle, was it for Fab 7, that will leapfrog CSM to the forefront of technologies to play catch up with TSMC and UMC, what happened?.

CSM is a frog in a boiling pot. Its salary cost is a lot higher and with SGD appreciating in the last 2 years, CSM has neither cost nor technological advantage to compete against its rivals.

 

[ahbengsong]

What is $24 M? Not even enough to pay Lehman Brothers' stay-on bonus.

$24M is a lot of money when they are paid to non-contributors in a company... your comparison lacks substance... try looking down to see if there is a leak somewhere...

 

[ahbengsong]

I thought that during the last investment cycle, was it for Fab 7, that will leapfrog CSM to the forefront of technologies to play catch up with TSMC and UMC, what happened?.

Only fools believe the crap about fab 7... IBM fishkill is grossly under-utilised at that time so CSM is the sucker to take the load from them and the under-utilised fab 7 then becomes CSM sucker fish...

Which is why I say in previous post.. paying 24M dollars to a bunch of non-contributors or even value destroyers in CSM is the pap hallmark...

 

[ahbengsong]

The proof of what I have posted about the CSM sucker fish fab 7... the pap is a laughing stock in the industry...

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http://sgmarkettalk.files.wordpress...investment-daily-thursday-10-january-2008.pdf

1Q08 preview — We expect sales to decline 7% qoq in 1Q08 before picking
up only modestly in 2H08. Fab 7’s utilization has not risen appreciably, thus
CHRT’s product mix is unlikely to improve and breakeven utilisation could
remain above 80% (vs. 70% in 3Q06). Longer term, CHRT's competitive
edge could be eroded by SMIC’s recent 45nm CMOS licensing agreement
with IBM. The deal has enhanced SMIC’s so far lagging technology roadmap.
When it begins production in 2009, the pressure on CHRT’s ASP would
increase.

 

[singveld]

who bought the CSM stock many years ago???

you will never see your money again


ha ha ha

 

[lifeafter41]

who bought the CSM stock many years ago???

you will never see your money again


ha ha ha

I did not, no money to buy.

 

[makapaaa]

The retrenchment would start at the production lines and slowly move upwards to engineers level. As CSM employs lots of overseas contract production workers and engineers, it may be facing a dilemma.

Casino Yeo: What dilemma? *hee*hee*​

 

[chinkangkor]

Retrenchment cost could be high while not retrenching means CSM would need to carry the financial burden of redundant workers not knowing when the global economy would recover in view of the deepening economic slumps, which are expected to last very long.

 

[makapaaa]

I thought that during the last investment cycle, was it for Fab 7, that will leapfrog CSM to the forefront of technologies to play catch up with TSMC and UMC, what happened?.

Fxxx up management?

 

[singveld]

I did not, no money to buy.

exactly

such world wide economic crisis
bring rich and poor closer

if not they will be further and further apart

let the economic crisis last 3 years and more