** sort of off topic - re: APM **
at the time, which now seems so long ago, APM said that
it was RDRT's capacity they wanted, and they denied needing
the technology. Crisman felt that he could manage RDRT's
existing capacity better than they did. Also, it's now
clear that japanese competition is major factor, and he
probably had in mind a larger american company being better
able to compete than two smaller ones. to this day I think
he believed every word he said. If WDC couldn't see this
coming just two months ago, there's no way Crisman could
have seen it in january.
What he did see coming, and what you know is now taking
place, is that total industry capacity is basically
doubling this year. part of that is due to pico, and part
of that is just expansion. so it's glut city, and APM is
toast. Buying RDRT could have mitigated the glut, and
would have been a good move. so in a nutshell, wall street
created a glut, or at least contributed to it, by making the
takeover impossible, although it's not clear it would have
succeeded anyway.
anybody need proof that the actions of wall street have
serious consequenses on main street? well there it is.
of course you could argue that all they did was hasten
the inevitable, but here was Crisman trying to alter the
course of things, and they just flatly wouldn't let him.
I honestly believe that malice had a part in it, but that's
niether here nor there.
how 'bout INVX buys IBM? |
