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Tower sells stake in Chinese foundry

7/7/2011 01:34 PM EDT
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Hephaestus
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re: Tower sells stake in Chinese foundry
Hephaestus   7/8/2011 5:12:56 PM
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The U.S. dollar lost 75% of its value since 2001. So I would think that $30 million in 2011 dollars would be equal to $7.5 million in 2001 dollars. That is still a lot of money to an individual, but not an impressive amount of capital to even most medium to small companies.

pinhead1
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re: Tower sells stake in Chinese foundry
pinhead1   7/8/2011 4:30:56 PM
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On what planet is $30 million not a lot of money ? ;-)

goafrit
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re: Tower sells stake in Chinese foundry
goafrit   7/8/2011 1:28:51 PM
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That is not a lot of money. I do not know why they should sell. They need that money badly?

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