Fable: Dogs & Tricks
30 years ago a country decided it wanted to get more involved in the golden new world of ICs.
The country’s biggest telecommunications company set up a semiconductor subsidiary.
The country’s biggest defence manufacturer set up a jv with a US chip company.
The country’s biggest glass-maker set up a jv with another US chip company.
The country’s biggest oil-field services company bought a US chip company.
All these ventures failed, though some of the failures were absorbed into other companies.
MORAL: Old dogs can’t learn new tricks.Tags: fable