23 Oct
2015
23 Oct
'15
3:42 p.m.
On 10/23/2015 02:49 PM, Noel Chiappa wrote:
Oh, bricks aren't even necessary now that the sharp-pencil guys are
running the show. You create a corporate shell hidden under
god-knows-what-layer of-legal-foo, then loan it the funds to purchase
the product.
Enron did this--and so did Lucent under Carly Fiorina. Great for
inflating revenue figures.
--Chuck
From: Pierre
Gebhardt
Haha, I guess you're alluding to the massive
scam with the bricks,
Miniscribe did back them to pretend stocks full of disk drives...
Never heard the story. Can someone oblige?
BTW, are there any other similar stories from the
disk drive
buisiness back in these days?
I don't know about disk drives, but there are lot of scam stories.
One minicomputer manufacturer (sorry, don't remember who, but I think
it was on the 128 belt) was shipping empty cabinets, in order to meet
projections (I dunno if they couldn't afford the parts to build the
guts, or if their manufacturing division couldn't build the stuff, or
what).