Fable: The Company Which Had A Bumpy Ride
There was once a company whose name stands for the last word in integrated logic.
It made the semiconductor industry’s best-selling microprocessor.
But for its first ten years, it made not a penny piece in profit.
It underwent a management buy-out; acquisition by a private equity company; Chapter 11 bankruptcy; and another acquisition this time by a semiconductor company.
But it still exists.
MORAL: Without consistent profits the road ahead is bumpy.