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Technology Stocks : C-Cube
CUBE 37.36+1.2%Nov 26 3:59 PM EST
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To: BillyG who wrote (45864)10/7/1999 11:46:00 AM
From: Black-Scholes  Read Replies (1) of 50808
 
Basic economic theory dictates that it is usually inefficient to backward or forward integrate - especially into a market that is already efficient. Why on Earth these Japanese conglomerates continue to insist on making everything is irrational. That "old think" is a relic from their "centralized planning" past and needs to be forgotten if they (the Japanese people) want to have a true "wealth creating" economy.

Companies (all companies - especially ones in advanced economies with efficient capital markets) should stick to their "core competencies."
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