Foxconn, Apple's factory of death
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From: RichA on 31 May 2010 09:33 Why are the workers offing themselves? According to the ACFTU the proportion of China's GDP that goes towards wages and salaries has continued to shrink since 1983, having dropped from 65.5% in 1983 to 36.7% in 2005. Meanwhile the proportion of returns on capital in GDP had risen by 20% in the 27 years through 2005. http://www.marketwatch.com/story/plenty-of-foxconn-shame-to-go-around-2010-05-31
From: Me on 31 May 2010 17:24 On 1/06/2010 1:33 a.m., RichA wrote: > Why are the workers offing themselves? > Just worth noting, especially if people who don't own Apple products make sanctimonious claims: "Among other things, Foxconn produces the Mac mini, the iPod, the iPad, and the iPhone for Apple Inc.; Intel-branded motherboards for Intel Corp.; various orders for American computer manufacturers Dell and Hewlett-Packard; motherboards for UK computer manufacturer Zoostorm; the PlayStation 2 and PlayStation 3 for Sony; the Wii for Nintendo; the Xbox 360 for Microsoft, cell phones for Motorola, the Amazon Kindle, and Cisco equipment." Also worth noting that with >400,000 employees, and the background level for suicide in China of 12-15 per 100,000 per annum, 10 suicides over a 5 month period is not indicative of anything statistically significant at all. > It's a great headline story though - especially when there's a link to Apple - the largest (capital value - not revenue) tech company in the world.
From: Rich on 31 May 2010 20:48 Me <user(a)domain.invalid> wrote in news:hu19do$v4o$1(a)news.albasani.net: > On 1/06/2010 1:33 a.m., RichA wrote: >> Why are the workers offing themselves? >> > Just worth noting, especially if people who don't own Apple products > make sanctimonious claims: > > "Among other things, Foxconn produces the Mac mini, the iPod, the iPad, > and the iPhone for Apple Inc.; Intel-branded motherboards for Intel > Corp.; various orders for American computer manufacturers Dell and > Hewlett-Packard; motherboards for UK computer manufacturer Zoostorm; the > PlayStation 2 and PlayStation 3 for Sony; the Wii for Nintendo; the Xbox > 360 for Microsoft, cell phones for Motorola, the Amazon Kindle, and > Cisco equipment." > > Also worth noting that with >400,000 employees, and the background level > for suicide in China of 12-15 per 100,000 per annum, 10 suicides over a > 5 month period is not indicative of anything statistically significant > at all. > > > It's a great headline story though - especially when there's a link to > Apple - the largest (capital value - not revenue) tech company in the > world. > Yeah, I remember worthless, paper companies in the 1990's worth more in the stock market than GE because had high-tech names and that impressed morons. F--- Apple.
From: Me on 31 May 2010 22:02 On 1/06/2010 12:48 p.m., Rich wrote: > Me<user(a)domain.invalid> wrote in news:hu19do$v4o$1(a)news.albasani.net: > >> On 1/06/2010 1:33 a.m., RichA wrote: >>> Why are the workers offing themselves? >>> >> Just worth noting, especially if people who don't own Apple products >> make sanctimonious claims: >> >> "Among other things, Foxconn produces the Mac mini, the iPod, the iPad, >> and the iPhone for Apple Inc.; Intel-branded motherboards for Intel >> Corp.; various orders for American computer manufacturers Dell and >> Hewlett-Packard; motherboards for UK computer manufacturer Zoostorm; > the >> PlayStation 2 and PlayStation 3 for Sony; the Wii for Nintendo; the > Xbox >> 360 for Microsoft, cell phones for Motorola, the Amazon Kindle, and >> Cisco equipment." >> >> Also worth noting that with>400,000 employees, and the background > level >> for suicide in China of 12-15 per 100,000 per annum, 10 suicides over a >> 5 month period is not indicative of anything statistically significant >> at all. >>> >> It's a great headline story though - especially when there's a link to >> Apple - the largest (capital value - not revenue) tech company in the >> world. >> > > Yeah, I remember worthless, paper companies in the 1990's worth more in > the stock market than GE because had high-tech names and that impressed > morons. F--- Apple. > You can't seriously compare Apple, with revenue of ~$40 billion, income (EBIT) of $11 billion, and profit of ~$8 billion with tech-bubble startups of the late '90s?
From: John McWilliams on 1 Jun 2010 00:48
Me wrote: > On 1/06/2010 12:48 p.m., Rich wrote: >> >> Yeah, I remember worthless, paper companies in the 1990's worth more in >> the stock market than GE because had high-tech names and that impressed >> morons. F--- Apple. >> > You can't seriously compare Apple, with revenue of ~$40 billion, income > (EBIT) of $11 billion, and profit of ~$8 billion with tech-bubble > startups of the late '90s? Rich can use his hatred of Apple, compact cameras, plastic and people unlike him ethnically to make any "comparison" you can think of. Maybe he shorted the stock at $40.... -- john mcwilliams |