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The dollar amount might become meaningless, were it to happen, but they might still be called the "richest company" merely by virtue of controlling such a huge
by gilrain 15y ago
The dollar amount might become meaningless, were it to happen, but they might still be called the "richest company" merely by virtue of controlling such a huge amount of valuable resources.
- ars 15y agoTheir control would be quite short lived. I haven't heard that they have anything that someone else could not do. If this appears very valuable, and especially once proven, you can bet other investors will do the same.
- swombat 15y agoThe "everyone else will catch up" argument is based on the idea that there are plenty of genius rocket scientists who can deliver this project and that it's just a matter of throwing money at the problem. That may be true, but we definitely don't know that for sure. Seems oddly reminiscent of the iPhone/iPad market. How's throwing money around worked out for the competition so far?
- ars 15y ago> Seems oddly reminiscent of the iPhone/iPad market. How's throwing money around worked out for the competition so far? Extremely well: http://hosted.ap.org/dynamic/stories/A/AS_SKOREA_EARNS_SAMSUNG http://hosted.ap.org/dynamic/stories/A/AS_SKOREA_EARNS_SAMSU...
- swombat 15y agoI can't read that link from Europe, it just shows a map of the US and asks me to click my state.
- ars 15y agoDoes this one work? http://www.google.com/hostednews/ap/article/ALeqM5hLwK7mWdjJoxIkAQ6PzbDePD3pfA http://www.google.com/hostednews/ap/article/ALeqM5hLwK7mWdjJ... Or search for "Smartphones fuel Samsung profit to record".