He Who Dares Loses - Billion-Dollar Boast.Prior to the recent European Technology Forum event on 'The Secrets of Success', the speakers joked among themselves about who had lost the most money in a single venture. Kamran Elahian, founder of Cirrus Logic (company) Cirrus Logic - A manufacturer of integrated circuits including the Advanced RISC Machine and display interface processors and cards for use as Windows accelerators (requiring dedicated driver software).http://cirrus.com/. Inc and chairman of NeoMagic Corp, and Hermann Hauser, founder of Acorn Computers Ltd and Amadeus Capital Partners, both claimed losses in tens of millions of dollars. But Nick Temple, now CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of retail software house Armature armature, in art: see sculpture. Armature That part of an electric rotating machine which includes the main current-carrying winding. Ltd, silenced them all with his tale of how he recorded a [pound]1 billion loss in a single year, but was still considered a success. He was CEO of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) UK when the company went through a painful period of restructuring. Shortly after, the company was back in profit. |
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