Yeah! I know what you mean. As I look at the company
right now, it DOES dominate, it is flush with cash and
so on. But I am not sure that cash is going to allow
it to just buy success in other areas. For example, if
Cisco were so full of cash and so dominant in it's field
that it began to expand into making certain kinds of
chips, I would start to question the wisdom of a move
into that business since, from a shareholder (ie owner)
perspective, I would want someone to clarify to me why
we should be broadening our market thrust into an area
that is already so well served by Intel, Motorola, AMD
and others. Similarly, my own feeling is that Intel may
be able to share some small amount of graphics capability
and a few network cards, but can they be a major player
in either of those areas with the kind of competition that
they are going to face? My gut feel is 'no'. Does that
mean that they are wasting money on a futile quest?
I don't know. But I do know that this is different than
what I perceived to be the case some years back when my
initial decisions to become a shareholder were made. If
the business model has changed, then it seems reasonable
to revisit that analysis.
J
ps - It probably sounds like I am saying that the company
should just stand on its merits and not try anything new.
I don't mean to be saying that, I am just saying that, right
now, I don't think I understand 1) if there is a shift
in direction and 2) if so, what is it and 3) am I
willing to be my $$$$ that it will be successful in the
long run. |
