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I'm old enough to remember writing IBM off in the early 90's and Microsoft off in the late 2000's. These companies had one thing in common: giant war chests of
by ascendantlogic 6y ago
I'm old enough to remember writing IBM off in the early 90's and Microsoft off in the late 2000's. These companies had one thing in common: giant war chests of cash and legacy businesses that were still pumping out money by the truckload. It's not like a startup/small business that's riding on a razor's edge, these companies have so many resources they can keep searching for a way "out" of their predicament for a very long time until they finally land on the right combination of people, vision and timing.
We see it now with Google now being the "evil empire". They haven't had a real hit since Android and seem to be floundering, but online ad revenue is such a huge geyser of cash they're gonna be fine for a very, VERY long time.
- fossuser 6y agoI think you’re right that they’ll be around a while, but Microsoft (and Apple) were both saved by CEOs in fairly dramatic fashion. I’d argue IBM largely is irrelevant today, but they technically still exist. Google is lucky they have an ad monopoly because they don’t really have a coherent company vision, I wouldn’t buy their stock. They might get lucky with their deepmind purchase. I don’t disagree with you, but if I was choosing companies in a strong position today it’d be Apple, Amazon, and Microsoft. I wouldn’t make a long term bet on Google or Intel.
- ascendantlogic 6y agoIBM is irrelevant today but they saw a resurgence in the 90's after Gertsner took over. The point is Intel still holds a huge amount of market share and has an enormous amount of cash. The new CEO seems to be universally praised in these comments and look at what Lisa Su was able to do at AMD.