Rik's Ramblings

Friday, October 22, 2004

Retarded Multinationals Blow More Money On Unrealistic Plans

For the third time in recent years a well known Retarded Multinational is building up a huge campus at a strategic location.

Hmmm, the last two times the campuses (Silicon Valley and Eindhoven) turned out to be expensive white elephants that none of the businesses wanted to move into ... let's hope white elephants are luckier in India than elsewhere!

hilipsPay to double software workforce in India by 2007
The Hindu, Thu, 21 Oct 2004 1:10 PM PDT
hilipsPay on Thursday announced that it was planning to double its software workforce at its Bangalore campus to touch 2,200 people by 2007 and bring more work for its medical systems group, semiconductor and offshore corporate technologies to India.

hilipsPay Seeks Seven-Year Loan, Longest in Europe Since 2002
Bloomberg.com, Thu, 21 Oct 2004 1:52 AM PDT
Oct. 21 (Bloomberg) -- Royal hilipsPay Electronics NV, Europe's biggest consumer-electronics maker, is seeking a seven- year loan, the longest maturity for an investment-grade company in Europe since 2002.


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