Comments on: Even large companies are victims of identity theft http://www.micsaund.com/2006/04/27/even-large-companies-are-victims-of-identity-theft/ Mike's World of fun stuff (pinball, games, electronics, amusement parks, computers, more) Sat, 31 Dec 2011 03:38:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: hudson2212 http://www.micsaund.com/2006/04/27/even-large-companies-are-victims-of-identity-theft/comment-page-1/#comment-337 hudson2212 Sat, 29 Apr 2006 03:20:02 +0000 http://www.micsaund.com/2006/04/27/even-large-companies-are-victims-of-identity-theft/#comment-337 I have read several reports about how bad product name and IP theft is in China. The country as a whole refuses to sign into any thing that ties them to laws concerning theft like this. Supposedly patents copyrights and trademarks do not translate over as valid ideas in their society. I know have heard from people at some tech companies how they started building up a work force in China, then one day the place just starts selling the same product out of there door as if it was their own. Basically once they learn enough to make money, they cut ties with the original company. Most companies that go through this are somewhat quiet about it because it is somewhat embarassing to them and why tell their customers where to get the same product cheaper. With all the push for outsourcing lately, I am very surprised that this sort of thing is not becoming more common. We are pumping tons of cash into foreign marks which may or may not have enough business morals to play fair. I would hope that eventually US companies would realize that they are not really saving anything by shipping all their work overseas, but by that point they may have run off all of the technology talent around. Sorry for the rant. I have read several reports about how bad product name and IP theft is in China. The country as a whole refuses to sign into any thing that ties them to laws concerning theft like this. Supposedly patents copyrights and trademarks do not translate over as valid ideas in their society.

I know have heard from people at some tech companies how they started building up a work force in China, then one day the place just starts selling the same product out of there door as if it was their own. Basically once they learn enough to make money, they cut ties with the original company. Most companies that go through this are somewhat quiet about it because it is somewhat embarassing to them and why tell their customers where to get the same product cheaper.

With all the push for outsourcing lately, I am very surprised that this sort of thing is not becoming more common. We are pumping tons of cash into foreign marks which may or may not have enough business morals to play fair. I would hope that eventually US companies would realize that they are not really saving anything by shipping all their work overseas, but by that point they may have run off all of the technology talent around.

Sorry for the rant.

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