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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (75524)10/14/1999 4:03:00 PM
From: DRBES  Read Replies (2) of 1572707
 
I remember so many examples just like these (intEL's purchases) down through the years. All that the 'zilla brings to the table is cash. They think that they buy the future but the $ goes almost inevitably down the toilet. They impose their large company mentality and "culture" on the small well and aggressively managed company and the assets (brains) flee to other pastures. The most notable example that I know of was Exxon Enterprises during the seventies. That was when oil companies made sooooo much money that they literally did not know what to do with it. (GOD FORFEND THAT THEY SHOULD EVEN CONSIDER GIVING IT AWAY TO THE STOCKHOLDERS; WHAT A WASTE THAT WOULD BE.) Exxon blew away billions of dollars in a learning exercise. It is good to see intEL following in the tradition of other such great companies.

Regards,

DARBES
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