Memory Business Like A Persimmon - Kawanishi (Mannerisms)

Memory Business Like A Persimmon - Kawanishi

"When I was in charge of the semiconductor business, the memory business, which today is one of the important pillars of the company, was regarded as a dog at the time. Generation shifts occurred every three or four years, prices tended to fall radically, we were losing a lot of money", writes the legendary former CEO of Toshiba Semiconductors, Tsuyoshi Kawanishi, in his book Chip Management.

"There is a saying in Japan that peaches and chestnuts take three years, persimmons take eight years. The memory business is a persimmon", adds Kawanishi, "but if you lose your patience and give up you will never get any fruit or any money."

He concludes: "The golden egg does not just fall in your lap accidentally; it comes as the result of patience, effort and wisdom."

Posted by David Manners on July 3, 2008 2:47 PM | Permalink|

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This page contains a single entry from the blog posted on July 3, 2008 2:47 PM.

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Mannerisms

Ruminations on the semiconductor industry from David Manners