2004--Seagate and hard drive sector hit hard times again—is this the reward for sector consolidation?

By Tom Foremski - December 20, 2004

by Tom Foremski for SiliconValleyWatcher.com


The Seagate IPO did well but Seagate hit hard times this year, along with the rest of the hard drive industry -— again. What is the point of consolidating an industry from more than 40 companies to about 5 and not being able to enjoy the promised fruits of consolidation? Is this a warning to other consolidating sectors? Wall Street calls it a profitless prosperity. Well, didn’t Wall Street drive the consolidation trend? Where is the reward? Maybe somebody can tell the drive makers.
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2004--Microsoft gives back money: Microsoft announces large shareholder dividend, gives billions back to investors. To me this says: We don’t know what to do with this money and we do not have a good track record of investing this money in our business or other businesses. You, our investors, can probably do better than we can.
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Bill Gates: Finally MS gives billions back to investors

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By Tom Foremski - December 20, 2004 | Permalink | Category: Tech Watch
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