Will Deal-Making Chiefs Ever Learn? Maybe.
,----[ Quote ]
| Mr. Ballmer was considered a “hubris-infected” chief under the study’s
| definition, because of Microsoft’s value-destroying deal to invest $100
| million in Vertical Net in 2000. He followed up with deals for Intertainer
| and BroadBand Office, which were also followed by below-market returns for
| shareholders.
|
| In all, Mr. Ballmer made 15 deals between 2000 and 2002, with an average
| market-adjusted shareholder return of negative 4.59 percent.
`----
http://dealbook.blogs.nytimes.com/2008/04/08/will-deal-making-chiefs-ever-learn-maybe/index.html
Microsoft is nearly in debt (c/f 3 links below). Let the maniac spend his money
until he finds himself broke on the roadside after a limo ride he could not
afford.
Mergers of Corporate Giants Not Likely to Benefit Consumers
,----[ Quote ]
| “There is little if any evidence that increased corporate size in
| already-large national and international firms produces greater technological
| innovation,” writes Elizabeth Sanders, Professor of Government at Cornell
| University. “To the contrary, it probably leads to less, given lower
| competitive pressures, and the starving of research in debt-burdened
| companies.”
`----
http://mslawnews.wordpress.com/2008/04/09/corporate_mergers/
Yesterday:
UCLA Professor: Microsoft CEO Ballmer a ‘hubris-infected serial acquirer’ with
dismal track record
http://macdailynews.com/index.php/weblog/comments/16916/
Recent:
Bear Stearns's Advice To Microsoft
,----[ Quote ]
| Co-founder Bill Gates can't be thrilled with watching
| Ballmer drain the company's cash. He didn't get so rich by buying at the top
| ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
| of the market.
`----
http://www.forbes.com/technology/2008/03/17/microsoft-bear-stearns-tech-ebiz-cx_ec_0316msft.html
Microsoft says to borrow money for Yahoo deal
,----[ Quote ]
| Microsoft Corp said on Monday it may borrow money for the first time in its
| history to fund a portion of its $44.6 billion unsolicited offer for Yahoo
| Inc.
`----
http://www.reuters.com/article/companyNews/idUSN0455692920080205
Microsoft's DreamSpark – What a Giveaway
,----[ Quote ]
| The rest of the $44.6bn (£22.3bn) deal would be financed with an undisclosed
| amount of credit.
|
| What that means is that it must squeeze as much money as it can from its
| operations to fund that debt and still pay dividends to shareholders, who
| will be looking for some payback from the Yahoo takeover. Giving away
| software is the last thing it would want to do in these circumstances, and
| the DreamSpark announcement shows just how worried it is about the future.
`----
http://www.linuxjournal.com/content/microsofts-dreamspark-%E2%80%93-what-giveaway
|
|
