Reminds me of when MPC bought the corporate side of Gateway. IIRC it took ~18 months to go from 2 revenue generating divisions to liquidation.
Micron turns $900m profits into a $97m loss. Only took 12 months
Micron revenues plummeted for the fifth quarter in a row and it made a loss after eleven successive profitable quarters. What's up with the boys from Boise, the USA's memory and NAND powerhouse? Revenues for the second quarter, ended 3 March, were $2.93bn, 29.7 per cent down on a year ago, and 12.3 per cent less than the first …
COMMENTS
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Monday 4th April 2016 10:14 GMT SeanC4S
Their sales and marketing team are afraid of technology and don't want anything to do with it. Their engineers don't know anything about sales and marketing and think the stuff should just sell itself. Well there is lots of overpaid incompetent in the world, fortunately a business doesn't need to be efficient to survive. It just needs to take in more money than it hands out. End of story.