Daejeon is not in Silicon Valley

Thursday, July 31, 2014 Francisco Carneiro 0 Comments

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The numbers: Grim, as expected. Samsung Electronics’ second-quarter profit was its worst in two years, as it warned earlier this month. Operating profit plummeted 24.6% (pdf) from the same period last year to 7.2 trillion won ($7.1 billion), and profit from the flagship mobile unit fell 29.6% to 4.42 trillion won. The company also kept its dividend flat, an unpleasant surprise to those who had hoped it might be boosted to reward the company’s beleaguered investors. Samsung shares fell 3.9% in midday trading, one of their biggest drops of the year.

http://qz.com/242885/samsung-is-stuck-between-a-rock-and-a-hard-place-so-its-just-going-to-try-harder/

I guess with internet & Globalization things tended to flow more into the center. Contrary to some perceptions that you could work from home, that you could work everywhere things are more & more in the center. In Financial Services London & New York concentrate almost everything.

In tech i see Silicon Valley and of course SAMSUNG is not in Silicon Valley. To do well you need to be near the best and the bright and the best are not in Korea. The best even if they are not Americans flow to Silicon valley because that's where you can get funding and get paid in a big way.