It's also a 'number of acquisitions' vs. 'value of acquisitions' argument. If you had to guess the 'value' of TurboTax, The Microsoft Office Suite, Macromedia,

It's also a 'number of acquisitions' vs. 'value of acquisitions' argument. If you had to guess the 'value' of TurboTax, The Microsoft Office Suite, Macromedia, Instagram, YouTube, NeXT, Pixar, VMware, etc. etc., you'd probably find that the good M&A outweighs bad. It's just that bad M&A happens a lot can be really bad (AOL Time Warner).