Posted on 01/30/2008 5:09:23 PM PST by Snickering Hound
Why? Companies large ans small fail every day.
I think the latest drop for MOT is due to Kramer indorsing it in Dec and then reinforcing the Dec remarks in Jan...yesterday he said they suck,Kramer is an ass hole
It’s depressing because failing American compaines are being bought out by foreign companies, not other American companies.
You must be a big hit at parties. What’s a “mot” BTW?
The problem is not free competition.
Within America. That’s what made America great. What’s causing true damage to our country, is sending our jobs out of the country.
The longer term problem is, we are now truly, in the proverbial “race to the bottom”, as long as there are no limits to what will be outsourced.
Eventually, every American job will be exported. We’ll be broke. We’ll have forgotten how to make things. Our factories will all be in China. We’ll import what we need, as long as our money holds out, then we’re good and truly screwed.
Then what?
Will you smile, and think that’s what we needed all along?
Once that happens, you don’t actually think that China, and India, will send jobs BACK HERE, do you?
“Free trade” is a one-way street.
To nowhere.
actually they are mis-managed.......for instance LUCENT
mot is the nyse ticker symbol for motorola.
it's probably past your bedtime.
mot=motorola
T=att
q=quest
v=verizon
You can include Chrysler, Merrill Lynch, Wendy’s and Dell, imho.
Don’t be depressed. One economist (don’t recall his name) said that by the next decade, 80% of us will be buying things from companies that don’t even EXIST today.
I’d believe it. Ask any whale-oil lantern maker, or buggy whip manufacturer. ;)
Things are changing. They’ve always changed. But due to technology, they just change faster now. :)
Look at the Fifties if you want to see America on the fast-track to consumer spending on things we never thought we’d “need.”
Credit Cards
SuperGlue!!
Black Box recorders in airplanes
Oral Vaccines, versus shots
UPC Codes
Kevlar!!
Lego’s
Pantyhose!!
Home Smoke Alarms
Integrated Circuits!! (allowing Computers today, but you knew that)
Mr. Potato Head
McDonald’s!!
Hovercrafts (I’m still waiting for my Flying Car, d@mmit!)
Barbie Dolls
MicroChips!!
It’s also Thai for mosquito, guess it all depends on what you think is worth learning.
Free bit of advice:
You could probably persuade more readers, without the smarta$$ attitude.
We need AMDs competition and a Samsung-AMD merger would be great. I have high regard for both companies and their products I have used
say, you might be considered a bit more credible on a thread about big business if you knew what a freaking ticker symbol was, junior.
;)
May be a thread about big business to you.
I consider it, a thread about America.
Jeez, I miss the old Studebaker...
Firestone is now owned by Bridgestone and they still make Firestone tires.
Thanks. :)
What are you smoking? Those are two big companies that probably won’t survive the year...
You're quite correct. Companies that continually create shoddy products/services or those that run counter to or too far ahead or behind the market aren't all that difficult to predict. Another example was Digital Equipment Corporation, once the 2nd largest computer company and closing fast on IBM. When you saw them building water-cooled mainframes and telling customers they were stupid for not buying dumb terminals in an era when people were moving to PC's, predicting their demise was quite easy.
Looks to me like 24/7 Wall is a blog...aka, “opinions are like a holes..we all have one”
The editors of 24/7 Wall St. do not own securities in companies that they write about. Other writers may have positions in companies and these are disclosed in their articles.
24/7 Wall St. is not an investment advisor, and the content of the site is not an endorsement to buy or sell any securities. Articles are simply the opinions of the writers.
Don’t worry about Firestone. Bridgestone bought them out 20 odd years ago and they are still in the business of making tires, among other things. In fact, there are MORE US jobs at Bridgestone/Firestone than ever.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.