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To: Bill Jackson who wrote (66171)	12/24/2001 2:21:27 AM
From: milo_morai	Read Replies (1) \| Respond to of 275872

18 months ago? LOL boards.fool.com

To: Bill Jackson who wrote (66171)	12/24/2001 5:26:58 AM
From: fyodor_	Read Replies (2) \| Respond to of 275872

Bill, your opinion seems extremely prejudiced and I have a hard time not taking offence. Just because a few companies suck does not mean that the whole corporate culture in Europe sucks. Phillips might not be doing well in computers (it isn't), but then the whole organization is geared towards consumer electronics, that have longer product cycles. And they're doing quite well in that segment - very innovative as well ;-). Where did that CD-thingie everyone is using today come from again? ;-P Bull and Honywell and Olivetti were monolithic companies built with an enormous reliance on government subsidies and contracts. Having actually worked with Bull for a very short period back in those days, I can only testify to the pathetic corporate structure, rife with inefficiency. That, however, does not describe "good" European companies! The most common successful european companies are based on monopolies. Ever heard of Nokia? Yeah, they suck. They're a monopoly. They're not innovative. Yup, you have them figured out. Investing in them would have been a bad choice. Yeah, Motorola is totally kicking their *ss. That's why MOT has a market share in Europe of something like 0.01%. And what about ASML? Infineon isn't doing too poorly either. Siemens as well. STM Micro&#133 And then there are companies like Ericsson&#133 And if you want to delve into biotechs and the medical companies, there are quite a few very powerful and innovative companies as well. Novo Nordic comes to mind, but there are plenty of others. I think, in general, you are confusing "European" with something else&#133 -fyo