You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that.
When I was growing up there was a product made by Sony called the Sony Walkman - a rage, everyone had to have one. Well, you don`t hear about the Walkman anymore.
What we learned several years ago was that one of our weaknesses would be if we didn`t develop enough people with the know-how to run our company, it would come to the point where we would just stop.
Well, you would have to say what is the criteria to determine the success of any merger? It would have to be that the companies are stronger financially, that they took market share, and they are on a very steady footing in terms of their performance.
We think we have a responsibility. And I think it`s important for all of us in the Western world to realize that we`ve all been blessed a lot and if you go to these parts they don`t have a lot, even before the tsunami.
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You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that.
