All old, large companies are inefficient. If you were a fly on the wall of IBM, GE, GM, Ford, AT&T, or any other company that has been around more than 50 years (most of the DOW components will do, thank you), you're gonna find that they all operate in an inefficient mode. They are just like the government and its bureaucracies. They believed in empire building in the old days and old habits are hard to change.
That doesn't necessarily mean they can't make money...they just can't make as much as that fly on the wall wants them to make.
Lucent, which is really still the old Western Electric which was just part of AT&T in the old days, is doing just fine. They will be around many years from now.
How many times have young whippersnapper analysts written off IBM and AT&T in the past. Young investors just don't like those old paced outfits with their arthritis in all their joints.
Lucent engineers, Bell Lab innovators, and such are not just sitting around on their hands. They are well aware of every scenario that has been devised within the post in this thread and they will move in the right direction.
A retired Western Electric, AT&T, Lucent Technologies employee. Just another face in the crowd.
Anonymous |
