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When you are the PM's Wife - IPO $16 to $2.66 and years of losses

scroobal

Alfrescian
Loyal
When I heard about Western Digital shutting down, it brought back memories of our talented PM's wife. As Dhanabalan said - she had the courage to cut losses early when her first foray, Micropolis went under shortly after it was acquired with losses in the millions.


https://groups.google.com/forum/#!topic/soc.culture.singapore/MDvsB_SHRdkTemasek to suffer heavy loss from sale of Chartered Semiconductor to Abu
Dhabi's ATIC
September 7, 2009 by admin
Filed under Top News
Leave a comment

From our Correspondent

Singapore's semiconductor industry had floundered in recent years with
mounting losses caused by reduced demand and intense competition from
Taiwanese and U.S. chipmakers, a situation exacerbated by the global
financial crisis.

Once the crown jewel of Singapore inc, Chartered Semiconductor has struggled
to make a profit in the last two years.

Chartered Semiconductor was created in 1987 as a venture that included
Singapore Technologies Engineering Ltd., another state-linked company owned
by Temasek Holdings.

When its shares were first floated in the market in 1999, they were sold in
the pricing range of between $16 and $18 a share. 10 years later, it is
worth only $2.66 per share. (Source: IPO Investor)

Advanced Technology Investment Co., an investment company owned by Abu
Dhabi, will pay S$2.68 ($1.86) a share in cash for Chartered Semiconductor.
It will spend a total of S$2.5 billion to buy Temasek's stake of 62 per cent
or 930 million shares in the company.

In Monday's statement, the companies said Temasek fully supports the
acquisition by ATIC and will vote in support of the transaction.

Taking $17 as the IPO price of Chartered Semiconduct, Temasek may lose up to
S$13 billion dollars from the deal. (also read here)

Abu Dhabi plans to combine Chartered Semiconductors with Globalfoundries
Inc., a venture ATIC created with Advanced Micro Devices Inc. last year.

Temasek will be relieved to be rid of an unprofitable company which is
encountering difficulties to keep itself afloat. In January this year,
Chartered Semiconductors retrenched 600 workers in Singapore. (Source: CNA)

Chartered Semiconductor today also raised its third-quarter forecasts for
revenue and earnings. Revenue will range from S$405 million to S$415
million, up from a forecast of S$382 million to S$394 million, according to
a statement.

The company now anticipates results to range from a net loss of S$8 million
to breakeven, an improvement from a loss of S$27 million to S$17 million.
Chartered Semiconductor has reported losses in the previous four quarters.

Globalfoundries Chief Executive Officer Doug Grose will run the combined
operations, ATIC said. Chartered Semiconductor CEO Chia Song Hwee will be
chief operating officer and will be in charge of integrating the operations.

Ironically, Mr Chia said that Chartered has a chance of breaking even in the
third quarter ending Sept. 30, noting that the company has upgraded its
outlook for the period amid improving market conditions.

Globalfoundries has been facing an uphill battle against No. 1 player Taiwan
Semiconductor Manufacturing Co. and second-ranked United Microelectronics
Corp., both of Taiwan. It currently has just one manufacturing base in
Dresden, Germany, and has a weak client base with just AMD as its primary
customer.

By adding Chartered, analysts said Globalfoundries would gain access to a
broader set of clients like Broadcom Corp. and Qualcomm Inc., and position
itself for growth with a US$4.2 billion plant in New York state that could
be fully ramped up within as early as three years.

This may very well put Globalfoundries in a position to pose a legitimate
threat to TSMC and UMC in the contract chip manufacturing market later down
the road. (Source: WSJ)

The semiconductor industry was once touted as a key industry for Singapore
in the 1990s as it shifted away from low-cost manufacturing and electronics
industry to high-end technologies.

It was not known how much money the Singapore government had invested
initially to set up Chartered Semiconductor's operations.

Despite a good start, Chartered Semiconductor soon find itself up against
larger players in a field dominated by Taiwanese chipmakers.

Temasek's exit from Chartered Semiconductor will mark the dawn of the
semiconductor industry in Singapore and yet another blemish on its record
under the leadership of Ho Ching after Shin Corp, ABC Learning, Merrill
Lynch and Barclays Bank
 
Last edited:

po2wq

Alfrescian (Inf)
Asset
... As Dhanabalan said - she had the courage to cut losses early when her first foray, Micropolis went under shortly after it was acquired with losses in the millions ...
wen manage 2 find a s2pigder buyer, iz brave 2 cut loss ...

wen cannot find a s2pigder buyer, iz invesmen is 4 loong term ...

wen cannot find a s2pigder buyer n coy folds, iz iz oredi happen, letz mov on ...
 

frenchbriefs

Alfrescian (Inf)
Asset
Normally my first foray is $2000 into DBO back in 2009.why is she given control of a billion dollar fund on her first foray?even warren buffet started with a $3000 investment and took 30 years to reach his first billion.
 

Brightkid

Alfrescian
Loyal
If the money is not from your own pocket and is from a bottomless pit, no amount of money is too much to gamble with.

One only need just a couple of years to loss that billion, easily without help.

Only an exceptional person can do that feat.
 

halsey02

Alfrescian (Inf)
Asset
If the money is not from your own pocket and is from a bottomless pit, no amount of money is too much to gamble with.

One only need just a couple of years to loss that billion, easily without help.

Only an exceptional person can do that feat.

Of course, one gets the pa-in-law, "Royal" Seal of approval & hubby Stamp of Authority plus the daft masses Mandate to do what you think is right....it is not your money, but from an endless source of "CORE" suppliers that flows in every seconds of teh hour....one can afford to invest pay HIGH prices & sell at the LOWEST prices..without, fear, or pain....

:rolleyes:
 

Patriot

Alfrescian
Loyal
If the money is not from your own pocket and is from a bottomless pit, no amount of money is too much to gamble with.

One only need just a couple of years to loss that billion, easily without help.

Only an exceptional person can do that feat.


Yup.

And she can honestly say that she have no regrets when the funds have losses since it's not her money.
 

Thick Face Black Heart

Alfrescian (InfP)
Generous Asset
The lowest recorded stock price for CSM was slightly over 60 cents, after a blotched rights issue conducted in 2002/2003 right smack in the middle of the worst downturn since 1985. It was a darling short amongst punters.
 

bhoven

Alfrescian
Loyal
When I heard about Western Digital shutting down, it brought back memories of our talented PM's wife. As Dhanabalan said - she had the courage to cut losses early when her first foray, Micropolis went under shortly after it was acquired with losses in the millions.


https://groups.google.com/forum/#!topic/soc.culture.singapore/MDvsB_SHRdkTemasek to suffer heavy loss from sale of Chartered Semiconductor to Abu
Dhabi's ATIC
September 7, 2009 by admin
Filed under Top News
Leave a comment

From our Correspondent

Singapore's semiconductor industry had floundered in recent years with
mounting losses caused by reduced demand and intense competition from
Taiwanese and U.S. chipmakers, a situation exacerbated by the global
financial crisis.

Once the crown jewel of Singapore inc, Chartered Semiconductor has struggled
to make a profit in the last two years.

Chartered Semiconductor was created in 1987 as a venture that included
Singapore Technologies Engineering Ltd., another state-linked company owned
by Temasek Holdings.

When its shares were first floated in the market in 1999, they were sold in
the pricing range of between $16 and $18 a share. 10 years later, it is
worth only $2.66 per share. (Source: IPO Investor)

Advanced Technology Investment Co., an investment company owned by Abu
Dhabi, will pay S$2.68 ($1.86) a share in cash for Chartered Semiconductor.
It will spend a total of S$2.5 billion to buy Temasek's stake of 62 per cent
or 930 million shares in the company.

In Monday's statement, the companies said Temasek fully supports the
acquisition by ATIC and will vote in support of the transaction.

Taking $17 as the IPO price of Chartered Semiconduct, Temasek may lose up to
S$13 billion dollars from the deal. (also read here)

Abu Dhabi plans to combine Chartered Semiconductors with Globalfoundries
Inc., a venture ATIC created with Advanced Micro Devices Inc. last year.

Temasek will be relieved to be rid of an unprofitable company which is
encountering difficulties to keep itself afloat. In January this year,
Chartered Semiconductors retrenched 600 workers in Singapore. (Source: CNA)

Chartered Semiconductor today also raised its third-quarter forecasts for
revenue and earnings. Revenue will range from S$405 million to S$415
million, up from a forecast of S$382 million to S$394 million, according to
a statement.

The company now anticipates results to range from a net loss of S$8 million
to breakeven, an improvement from a loss of S$27 million to S$17 million.
Chartered Semiconductor has reported losses in the previous four quarters.

Globalfoundries Chief Executive Officer Doug Grose will run the combined
operations, ATIC said. Chartered Semiconductor CEO Chia Song Hwee will be
chief operating officer and will be in charge of integrating the operations.

Ironically, Mr Chia said that Chartered has a chance of breaking even in the
third quarter ending Sept. 30, noting that the company has upgraded its
outlook for the period amid improving market conditions.

Globalfoundries has been facing an uphill battle against No. 1 player Taiwan
Semiconductor Manufacturing Co. and second-ranked United Microelectronics
Corp., both of Taiwan. It currently has just one manufacturing base in
Dresden, Germany, and has a weak client base with just AMD as its primary
customer.

By adding Chartered, analysts said Globalfoundries would gain access to a
broader set of clients like Broadcom Corp. and Qualcomm Inc., and position
itself for growth with a US$4.2 billion plant in New York state that could
be fully ramped up within as early as three years.

This may very well put Globalfoundries in a position to pose a legitimate
threat to TSMC and UMC in the contract chip manufacturing market later down
the road. (Source: WSJ)

The semiconductor industry was once touted as a key industry for Singapore
in the 1990s as it shifted away from low-cost manufacturing and electronics
industry to high-end technologies.

It was not known how much money the Singapore government had invested
initially to set up Chartered Semiconductor's operations.

Despite a good start, Chartered Semiconductor soon find itself up against
larger players in a field dominated by Taiwanese chipmakers.

Temasek's exit from Chartered Semiconductor will mark the dawn of the
semiconductor industry in Singapore and yet another blemish on its record
under the leadership of Ho Ching after Shin Corp, ABC Learning, Merrill
Lynch and Barclays Bank

Is this the same Chia Song Hwee who is now one of the 3 Presidents in Tumasick Holdings?
 

Narong Wongwan

Alfrescian (Inf)
Asset
If the money is not from your own pocket and is from a bottomless pit, no amount of money is too much to gamble with.

One only need just a couple of years to loss that billion, easily without help.

Only an exceptional person can do that feat.

Even if the money is not yours.....the music stops after the last dollar is lost.
But for whore jinx there is an endless top up of money so she can keep going at it. Scary isn't it?
 

halsey02

Alfrescian (Inf)
Asset
Even if the money is not yours.....the music stops after the last dollar is lost.
But for whore jinx there is an endless top up of money so she can keep going at it. Scary isn't it?

The owner of the money...music never stop......life will become unbearable & the only music they won't get to hear, but played for them is a band playing dirge.....but the 'acclaimed' "investor' will live on & roll on, without fear , for their will be always be willing GIVER.
 

frenchbriefs

Alfrescian (Inf)
Asset
Even if the money is not yours.....the music stops after the last dollar is lost.
But for whore jinx there is an endless top up of money so she can keep going at it. Scary isn't it?

not true,u can keep ponzis going on forever,up to 20 years is possible.as long as nobody ask for a audit of the cookbooks and nobody ask for their money back.this is why its essential Sinkies dont ask for their CPF back.
 

ginfreely

Alfrescian
Loyal
This one no need to cut loss as the childcare centre collapsed. ABC Learning. Around same time too.


https://cowpehcowbu.wordpress.com/2...nt-in-abc-learning-limited-which-nobody-knew/

When I heard about Western Digital shutting down, it brought back memories of our talented PM's wife. As Dhanabalan said - she had the courage to cut losses early when her first foray, Micropolis went under shortly after it was acquired with losses in the millions.


https://groups.google.com/forum/#!topic/soc.culture.singapore/MDvsB_SHRdkTemasek to suffer heavy loss from sale of Chartered Semiconductor to Abu
Dhabi's ATIC
September 7, 2009 by admin
Filed under Top News
Leave a comment

From our Correspondent

Singapore's semiconductor industry had floundered in recent years with
mounting losses caused by reduced demand and intense competition from
Taiwanese and U.S. chipmakers, a situation exacerbated by the global
financial crisis.

Once the crown jewel of Singapore inc, Chartered Semiconductor has struggled
to make a profit in the last two years.

Chartered Semiconductor was created in 1987 as a venture that included
Singapore Technologies Engineering Ltd., another state-linked company owned
by Temasek Holdings.

When its shares were first floated in the market in 1999, they were sold in
the pricing range of between $16 and $18 a share. 10 years later, it is
worth only $2.66 per share. (Source: IPO Investor)

Advanced Technology Investment Co., an investment company owned by Abu
Dhabi, will pay S$2.68 ($1.86) a share in cash for Chartered Semiconductor.
It will spend a total of S$2.5 billion to buy Temasek's stake of 62 per cent
or 930 million shares in the company.

In Monday's statement, the companies said Temasek fully supports the
acquisition by ATIC and will vote in support of the transaction.

Taking $17 as the IPO price of Chartered Semiconduct, Temasek may lose up to
S$13 billion dollars from the deal. (also read here)

Abu Dhabi plans to combine Chartered Semiconductors with Globalfoundries
Inc., a venture ATIC created with Advanced Micro Devices Inc. last year.

Temasek will be relieved to be rid of an unprofitable company which is
encountering difficulties to keep itself afloat. In January this year,
Chartered Semiconductors retrenched 600 workers in Singapore. (Source: CNA)

Chartered Semiconductor today also raised its third-quarter forecasts for
revenue and earnings. Revenue will range from S$405 million to S$415
million, up from a forecast of S$382 million to S$394 million, according to
a statement.

The company now anticipates results to range from a net loss of S$8 million
to breakeven, an improvement from a loss of S$27 million to S$17 million.
Chartered Semiconductor has reported losses in the previous four quarters.

Globalfoundries Chief Executive Officer Doug Grose will run the combined
operations, ATIC said. Chartered Semiconductor CEO Chia Song Hwee will be
chief operating officer and will be in charge of integrating the operations.

Ironically, Mr Chia said that Chartered has a chance of breaking even in the
third quarter ending Sept. 30, noting that the company has upgraded its
outlook for the period amid improving market conditions.

Globalfoundries has been facing an uphill battle against No. 1 player Taiwan
Semiconductor Manufacturing Co. and second-ranked United Microelectronics
Corp., both of Taiwan. It currently has just one manufacturing base in
Dresden, Germany, and has a weak client base with just AMD as its primary
customer.

By adding Chartered, analysts said Globalfoundries would gain access to a
broader set of clients like Broadcom Corp. and Qualcomm Inc., and position
itself for growth with a US$4.2 billion plant in New York state that could
be fully ramped up within as early as three years.

This may very well put Globalfoundries in a position to pose a legitimate
threat to TSMC and UMC in the contract chip manufacturing market later down
the road. (Source: WSJ)

The semiconductor industry was once touted as a key industry for Singapore
in the 1990s as it shifted away from low-cost manufacturing and electronics
industry to high-end technologies.

It was not known how much money the Singapore government had invested
initially to set up Chartered Semiconductor's operations.

Despite a good start, Chartered Semiconductor soon find itself up against
larger players in a field dominated by Taiwanese chipmakers.

Temasek's exit from Chartered Semiconductor will mark the dawn of the
semiconductor industry in Singapore and yet another blemish on its record
under the leadership of Ho Ching after Shin Corp, ABC Learning, Merrill
Lynch and Barclays Bank
 

kukubird59

Alfrescian
Loyal
Walau 2009 story also bring up?

No latest cockups meh?

Sure have!!
hahaha...2009 is not old...
looked around under the nick Scroobal.....
many recycled grandmother stories from the 20th century copied and pasted...some with credits.....some without...
and idiots can boast his postings were damaging to papee.....LOL.
 

kryonlight

Alfrescian (Inf)
Asset
and idiots can boast his postings were damaging to papee.....LOL.

Who said scroobal's postings weren't damaging to PAP? When he took a year long sabbatical during GE 2015, there was a massive vote swing towards PAP. scroobal is the TPX who will break or make PAP. Don't play play.
 
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