AI
Monday, May 26, 2014 2:36:11 PM
Re: OT OUTFOX GOLDMAN / ECONOMIC ESPIONAGE
Watched as well for several years. Missed the big run-up, felt I had a bottom nailed but there is too much miss-information surrounding this one. I'm going to let MCP find a new bottom after they return to the equity markets for another shot in the arm. In the mean time I'll just play the daily swings until an over riding direction is established.
"Economic espionage:" cant focus on the things we cant see. The truth is every corporate entity wants the edge over their competitor. China was the under dog and what they cant innovate they take, as so many corporations have done in the past. As long as those products stay inside their own markets within their boarders its hard to see the theft. It's only when those processes or technologies emerge and compete against the originator do we come to grips with the job or economic loss. Often though share holders are never made aware of the loss and the theft is never made public.
On this topic the US has lost much world credibility with it's spying campaign. I've never seen it proven that foreign corporate trades secrets were used to benefit US companies but the machinery to gain those secrets is certainly in place. The fact that the Chinese military was caught spying on US corporations will soon evaporate before the mudslinging dies down but US credibility will never be the same.
What was discovered is that employees unknowingly unlocked their own corporate communications and networks to the Chinese military by opening simple attachments. Who is to blame, who should stand trial here? I cant say the Chinese military is blameless but I believe every corporate IT department should tech its employees common sense and there should be ramifications and firings to what amounts to reckless internet behavior.
We all know human behavior and even if you tell someone "NOT" to do something curiosity will still overwhelm them. Its amazing the trojan horse has worked as long as it has.
Watched as well for several years. Missed the big run-up, felt I had a bottom nailed but there is too much miss-information surrounding this one. I'm going to let MCP find a new bottom after they return to the equity markets for another shot in the arm. In the mean time I'll just play the daily swings until an over riding direction is established.
"Economic espionage:" cant focus on the things we cant see. The truth is every corporate entity wants the edge over their competitor. China was the under dog and what they cant innovate they take, as so many corporations have done in the past. As long as those products stay inside their own markets within their boarders its hard to see the theft. It's only when those processes or technologies emerge and compete against the originator do we come to grips with the job or economic loss. Often though share holders are never made aware of the loss and the theft is never made public.
On this topic the US has lost much world credibility with it's spying campaign. I've never seen it proven that foreign corporate trades secrets were used to benefit US companies but the machinery to gain those secrets is certainly in place. The fact that the Chinese military was caught spying on US corporations will soon evaporate before the mudslinging dies down but US credibility will never be the same.
What was discovered is that employees unknowingly unlocked their own corporate communications and networks to the Chinese military by opening simple attachments. Who is to blame, who should stand trial here? I cant say the Chinese military is blameless but I believe every corporate IT department should tech its employees common sense and there should be ramifications and firings to what amounts to reckless internet behavior.
We all know human behavior and even if you tell someone "NOT" to do something curiosity will still overwhelm them. Its amazing the trojan horse has worked as long as it has.
As always JMHO
Docrew
Do the Due, this is not an endorsement to buy! Lets keep it real!! Good luck to all
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