Bagotronix Tech Support wrote:

Well, remember that only publicly-traded corporations can be
"bought out" by force. A privately-held corporation that doesn't
want to be bought, can't be bought.

I wasn't commenting about whether or not they wanted to be bought. It's entirely conceivable that the owners of a legit company with a good product want to cash out. Maybe they are tired of putting in 70+ hours a week, and a good offer comes along.

Oh, of course, this happens. I know a couple of people who got lucky, and were
able to sell their business for fabulous sums of money.

 The culprits are the buyers, who in many cases,
don't have the business sense that God gave to a rock.

UMM, anyone we know? Like Altium?

 Yeah, there's a
business model - create a publicly held company, managed by the "business
school's best" graduates, and well financed by IPO.  Problem is, buzzwords
and marketing do not a good product/service make.  These people buy the
company, and then change everything that made that company a success.  When
you are traveling in the direction of success, you don't do a 180!

Yup, the history of high-tech businesses are littered with that debris. Shugart
Associates, for instance. After buying it, and throwing out the founder,
they even prevented Alan Shugart from using his own name in a new venture.
So, he came up with Seagate. Where's Shugart (the company) now? Kaput.
Where's Seagate? One of the biggest disk drive makers in the world.

that's exactly what they do. It's like the Reverse Midas Touch, where every
piece of gold they touch turns into dung. I say dung, because even base
metals would have some value ;-)

Yup, that's it, the reverse Midas touch, all right. There's hundreds of these stories.


* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* To post a message: mailto:[EMAIL PROTECTED]
* To leave this list visit:
* Contact the list manager:
* Forum Guidelines Rules:
* Browse or Search previous postings:
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Reply via email to