So, to summarize,
1) You do not know what CPQ will be fie years down the road if CPQ do not merger with
DEC
2) You guess ( I do not think you know that either) that CPQ ' merger with DEC will not add value to CPQ's stock holders, because the vertical integration do not work, you use IBM,
HP, UNISYS, TANDEM as examples, and the problem of fat.
3) You think MSFT, INTL, CSCO are more successful due to their focus .
So, IF you do not know what CPQ will be five years down the road without merger
with DEC now, that means you do not know what CPQ will be if CPQ continue to
follow its old path to concentrate or focus (in your words) on its what you called
high growing business five years down the road, then how can you claim that the
merger with DEC will not add value to stock holders' value, while the old path will ?
So, from your response to my first question, I know you do not know what you are
talking about, because it is just contrary to itself logically.
Secondly about the vertical intergation and fats. Fats is not a consequence of vertical
integration, it is just the corp culture and the way the top managers managing the companies. Even SUNW, DELL is now looking for vertical integration, and no exception
with MSFT and INTEL, they are all looking for vertical integration those days. I do not think top managers in those big corp are stupid. The reason for INTEL's past successful
story is because there is no competition, and the fundamentals were changed now. The same for MSFT, not because they focus. I can show you many companies which focus and did not
succeed, examples, NSCP....etc. So, it is always the competion which change the rules of the game, if the company can not change accordingly, they will always end up with loosers
in the game. Forcus or not forcus has nothing to do with the success of the companies. The merger of CPQ with DEC prove the farsight of the CPQ's top managers, if you can not answer my question about what CPQ will be five years down the road if not merger with DEC now, then pls do not tell me the merger will not add value to CPQ's share holders'
value, because you do not know at all. |
