There was once a very successful, highly profitable, company which supplied services to oil-field operators.
It decided to diversify into semiconductors which, in the 1970s, was growing fast.
So, in 1978, it bought a semiconductor company for $425 million.
Over the next eight years the new owner invested $1.3 billion in R&D and new factories at its semiconductor acquisition.
In 1987, the new owner sold the company for $122 million.
MORAL: Doing One Thing Well Doesn't Mean You Can Anything Well.
A clear case of management falling asleep on the job.
Hubris, Dr Bob, IMHO
They did the same with Solartron and Sangano !
That would be Schlumberger, Fairchild and National Semi respectively? It is a strange one though.
That's right Scunnerous, a strange tale indeed.