New [Lack of] Direction for Dell?, from Alston Mabry
CEO Michael Dell said his Round Rock-based company is “rapidly developing” merger expertise and plans to make more deals similar to the $3.9 billion acquisition of Perot Systems — MSN Money news report
When I read this I was bothered by the phrase "rapidly developing merger expertise." Like somebody is trying to convince somebody else that "we have a new expertise," or essentially, a new business we are entering. The "merger" business. Which is harder to run on negative capital than the making-PCs business.
Victor Niederhoffer notes:
Dell discussing company acquisition strategy, pulling out all stops. When that's your big suit, you're in trouble. No shots left.
James Sogi writes from Hawaii:
Dell bought a hotel in Maui at the top of the market and it is bankrupt now. "[R]apidly developing expertise" or fooled by randomness?