Fable: The Two Sick IC Companies Which Made A Healthy One

27 years ago there were a couple of sick companies. Although two sick semi companies don’t usually make a healthy one,  they merged to create a company which had annual sales of $850 million, annual losses of $200 million and debt of $650 million.

“Everyone was betting that within a couple of years, or sooner, we would go broke,” said the CEO.

Seven years later, after average annual growth of 17.6%, sales were $2.6 billion, profit was $362 million and debt was virtually zero.

Moral: You can make a silk purse out of a sow’s ear.



  1. yes indeed Kiitos. Pasquale it was, a great Sicilian, a great CEO and a great man.

  2. What a great Sicilian! Pasquale Pistorio was the name of the CEO.

Leave a Reply

Your email address will not be published. Required fields are marked *