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I found this video quite flawed. What happened to Phillips is something that proved beneficial in the long run. Legacy of Philips is now ASML, NxP, pretty goo

I found this video quite flawed. What happened to Phillips is something that proved beneficial in the long run. Legacy of Philips is now ASML, NxP, pretty good startup scene in Eindhoven, and a few other companies. The only victim here is the name. If Philips tried to move as one company they would have probably dragged down their chip related businesses by siphoning money into the fields they were losing. Of course one could argue that the company under Philips name should have chose different direction and spun off consumer or medical market, but at the end of the day it's just a name. I believe in hindsight this will be a way better outcome for everyone than the one we'll see from big tech if they're not broken up. There are already too many examples of them killing competition by leveraging their monopolies or buying it up and killing it off.

COGlory 4y ago
Phillips also helped spawn FEI, which was then bought by Thermo Scientific and have a near monopoly on Transmission Electron Microscopes, as well as being competitive in other EM fields. Without Phillips Electron Optics, most cutting edge structural biology couldn't be done.
eecc 4y ago
Well, no it's not flawed. For one, he did mention that ASML and NXP flourished when freed from the bad management of Philips.
- wallaBBB 4y ago
  But it also makes a point that it was a mistake to do so.
  - somedude895 4y ago
    Quite likely for them it was a mistake, letting promising companies go lest you smother them with your inertia. Like parents letting their children leave to live to their full potential. Not that businesses do or should have that as a goal per se, but it seems to have been for the greater good.
- detourdog 4y ago
  Maybe it's flawed because Siemans still exists. https://en.wikipedia.org/wiki/Siemens https://en.wikipedia.org/wiki/Siemens
  - quonn 4y ago
    Siemens has recently split into different companies so it's questionable if it still exists.
    - ranguna 4y ago
      It did? They merged with Gamesa in 2016 (more like Gamesa merged into Siemens).
      - quonn 4y ago
        Maybe they stopped after splitting of Energy: https://www.reuters.com/business/siemens-supervisory-board-employee-reps-against-further-splitting-up-2022-08-03/ https://www.reuters.com/business/siemens-supervisory-board-e... My understanding was that they will completely split into many small parts, but it seems that they came to their senses.
    - deleted 4y ago
      [deleted]
    - stefan_ 4y ago
      Siemens is essentially a hedge fund, they invest one place, divest another. You might not find the label on your fridge but its still a $80B revenue business.

COGlory 4y ago

Phillips also helped spawn FEI, which was then bought by Thermo Scientific and have a near monopoly on Transmission Electron Microscopes, as well as being competitive in other EM fields. Without Phillips Electron Optics, most cutting edge structural biology couldn't be done.

eecc 4y ago

Well, no it's not flawed. For one, he did mention that ASML and NXP flourished when freed from the bad management of Philips.

wallaBBB 4y ago
But it also makes a point that it was a mistake to do so.
- somedude895 4y ago
  Quite likely for them it was a mistake, letting promising companies go lest you smother them with your inertia. Like parents letting their children leave to live to their full potential. Not that businesses do or should have that as a goal per se, but it seems to have been for the greater good.
detourdog 4y ago
Maybe it's flawed because Siemans still exists. https://en.wikipedia.org/wiki/Siemens https://en.wikipedia.org/wiki/Siemens
- quonn 4y ago
  Siemens has recently split into different companies so it's questionable if it still exists.
  - ranguna 4y ago
    It did? They merged with Gamesa in 2016 (more like Gamesa merged into Siemens).
    - quonn 4y ago
      Maybe they stopped after splitting of Energy: https://www.reuters.com/business/siemens-supervisory-board-employee-reps-against-further-splitting-up-2022-08-03/ https://www.reuters.com/business/siemens-supervisory-board-e... My understanding was that they will completely split into many small parts, but it seems that they came to their senses.
  - deleted 4y ago
    [deleted]
  - stefan_ 4y ago
    Siemens is essentially a hedge fund, they invest one place, divest another. You might not find the label on your fridge but its still a $80B revenue business.