To: Nathan50 who wrote (3547 ) 8/7/1998 2:59:00 AM From: ed Read Replies (3) | Respond to of 21876
Well, you post again on this thread and waste my time to read your nonsense !!! The failure of IBM in mid 80s is because the customers lost their tastes on mainframe computers, and IBM can't grab the opportunity to grow its PC business in the PC revolution.Mismanagement is another factor caused the free fall in middle 80s. After reorganization and redirecting its business strategy from hardware to service, the company rebounded. I do not see any correlation between IBM and LU, not just in business model, but the market. The Telecommunication and networking business are well in its infancy and have much room to grow in the future, and it is far from saturation and the customers are not changing their tastes . Of course, sometime in the future, the market for LU's products will be saturated , and customers will lose tastes, and that is just very common for every company.Even company like Intel can not get away from it. But the question is when that will happen. A doctor tells his patient that he will die, but the doctor forget to tell why and when, so the doctor just put nonsense on his own mouth ,like what you are doing now on this thread.Because we all know that no one can live forever, but before we know when, we have to know why to make a judgement. You acted like that stupid doctor by telling the thread that LU will fall to $50 but did tell the most important part, i.e why, and when, from a business point of view, product point of view, market point of view, competition analysis ...etc, just with you simple mind that PE is too high with a wrong calculation. Again you showed your arrogance by writing " David and you just don't comprehend, what you read", but you never show your wisdom at all. If you know that arrogance is part of the reason caused IBM's failure, you probably will know what you will lose due to your own arrogance in your life. Again, if you do not know anything, pls do not post on this thread. There is a lot of places you can post to show people your nonsense, but pls do not post here to waste my time, and many others, to enjoy your garbage. You may post on the KID Board, I think you will be most welcomed over there.