And how many billions in bonuses/compensation have been paid out to their
"elite" management team? 54 billion maybe?
At 12:02 PM 5/2/02 -0500, Dave Gudewicz wrote:
>Someone reminded me today of a rather large merger that went the wrong way.
>
>AOL / Time Warner now claiming losses in the $54 billion (yes billion)
>range.
>
>Wonder what the shareholders were told before that merger?
>
>Dave...
>
>"Ben Myers" <[log in to unmask]> wrote in message
>news:3cd15f69.11242235@news.charter.net...
>> Dave,
>>
>> It was the Spanish philosopher, Santayana, who said: "He who does not
>learn from
>> history is doomed to repeat it." Actually, he may have said something
>quite
>> different in Spanish, but that's the way it is usually translated into
>English
>> (and much the same in Italian, BTW, according to my long-ago colleagues in
>> Italy).
>>
>> A computer industry merger that actually worked? Wow, that's a tough one.
>The
>> closest I can come are the various buyouts made by Symantec (Peter Norton
>> Computing, Central Point Software, and Microsoft (e.g. Bauer's Postscript
>clone,
>> now named TrueType), and those buyouts were so private that nobody on the
>> outside ever got to know the ensuing internal carnage, layoffs, etc. By
>what
>> criteria does a merger work, anyway? Increased revenue? Level or
>increasing
>> headcount? Survival of the merged entity for a few years?
>>
>> Here are a few of the brand names now absorbed into HPaq: Apollo, Tandem,
>DEC,
>> Compaq, Thomas-Conrad. Any others?
>>
>> A computer HARDWARE merger that actually worked? I think we're talking
>about
>> the null set here, not to increase with HPaq... Ben Myers
>>
>> On Thu, 2 May 2002 10:28:05 -0500, "Dave Gudewicz"
><[log in to unmask]>
>> wrote:
>>
>> >Couldn't help but think after reading Ben's note:
>> >
>> >If we learn nothing from history, we are doomed to repeat it. Or
>something
>> >like that.
>> >
>> >Can anyone here enlighten us with a merger such as this that DID work?
>And
>> >to reiterate the obvious, the Compaq assimilation of DEC did NOT work.
>> >
>> >Dave...
>> >
>> >"Ben Myers" <[log in to unmask]> wrote in message
>> >news:3cd14eee.7021958@news.charter.net...
>> >> Well, whatever you call the newsletter, it should prove to be an
>> >interesting
>> >> chronicle of the on-going soap opera of one set of related mergers in
>the
>> >> computer industry. I lived thru one failed merger on a vastly smaller
>> >scale:
>> >> Honeywell, GE and Groupe Bull. What always seems to be missing in a
>> >merger is a
>> >> clear vision and strategic direction, because executives are too busy
>> >fighting
>> >> for their own corporate lives to think clearly. The blood and carnage
>of
>> >HPaq
>> >> employees will be considerable once the wheels of this merger get
>turning.
>> >>
>> >> ... Ben Myers
>> >>
>> >> On Wed, 01 May 2002 14:39:39 GMT, "Terry C. Shannon"
>> ><[log in to unmask]>
>> >> wrote:
>> >>
>> >> >Another year, another name change. We at Shannon Knows DEC, Shannon
>Knows
>> >> >Distributed Enterprise Computing, Shannon Knows Compaq, and now
>Shannon
>> >> >Knows HPC are getting used to the good old name game. And we hope that
>> >you
>> >> >Constant Readers will take the latest name change in stride. Here's
>the
>> >> >deal: Shannon Knows Compaq has withstood the rigors of two name
>changes
>> >plus
>> >> >the economic angst of the thermonuclear winter incited by a wholesale
>> >> >dot-com bombing. Acting on the news yesterday that the Delaware
>Chancery
>> >> >Court has given Hewlett-Packard's acquisition of Compaq a go-ahead,
>SKC
>> >has
>> >> >changed its name to Shannon Knows High Performance Computing. HP, of
>> >course,
>> >> >can be construed as High Performance or Hewlett-Packard, which,
>> >> >post-acquisition, will be Numero Uno in the High Performance Computing
>> >> >arena. In the interest of brevity-plus a desire to coin a new
>five-letter
>> >> >acronym-we'll now operate under the SKHPC name. Extended "dance
>version"
>> >> >five-letter acronym aside, we'll continue to provide the same coverage
>> >we've
>> >> >been dishing out for the last nine years, plus even more. And for
>those
>> >of
>> >> >you who wonder why we didn't opt for Shannon Knows HPS, it turns out
>that
>> >> >HPS is the acronym for Hewlett Packard Services! Thanks to a senior
>> >Compaq
>> >> >manager for pointing out this potential gaffe to us!
>> >> >
>> >> >--
>> >> >Terry C. Shannon
>> >> >Consultant and Publisher
>> >> >Shannon Knows HPC
>> >> >PLEASE NOTE MY *NEW* EMAIL ADDRESS
>> >> >email: [log in to unmask]
>> >> >Web (info on SKC): www.openvms.org, www.tru64.org
>> >> >
>> >> >
>> >>
>> >
>> >
>>
>
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>
John Lee
HP Account Executive
Vaske Computer Solutions
Minneapolis, MN
952-844-0054
We sell, service, support and integrate HP 3000/9000 and related hardware,
new and old, since 1988
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