I'm in the “Congratulations, I hope?” camp. Acquisitions by big companies rarely work out.
One of my favorite quips was about Intel acquiring McAfee: JPMorgan analyst Christopher Danely upgraded Intel to overweight following the company's earnings, although he still struggles to reconcile Intel's recent acquisition spree.
"Intel might as well have bought Whole Foods," he said of the McAfee deal.
And, recently, we've seen a lot of press about how Intel is thinking about dumping their Cyber Security division, nee McAfee.
Then there's the apocryphal quip about Ballmer and RIM: Technology industry rumours suggest a Microsoft takeover of RIM, considered an excellent match in competence and vision. “Synergy’s just another word for two and two makes one!” said Steve Ballmer. “We will assimilate your technological stench of death into our own.”
Microsoft didn't buy RIM, but I don't think anyone will argue that the similar thing they did do, i.e. buy the Nokia phone division, worked out for them.
One of my favorite quips was about Intel acquiring McAfee: JPMorgan analyst Christopher Danely upgraded Intel to overweight following the company's earnings, although he still struggles to reconcile Intel's recent acquisition spree.
"Intel might as well have bought Whole Foods," he said of the McAfee deal.
And, recently, we've seen a lot of press about how Intel is thinking about dumping their Cyber Security division, nee McAfee.
Then there's the apocryphal quip about Ballmer and RIM: Technology industry rumours suggest a Microsoft takeover of RIM, considered an excellent match in competence and vision. “Synergy’s just another word for two and two makes one!” said Steve Ballmer. “We will assimilate your technological stench of death into our own.”
Microsoft didn't buy RIM, but I don't think anyone will argue that the similar thing they did do, i.e. buy the Nokia phone division, worked out for them.