Re: Why should I be worried about the merger? NOT

[Lou Quillio <public -at- quillio -dot- com>]

I was onto the fact that a mature, publicly-held company with mature
products makes M&A decisions solely on a shareholder-value
proposition.  It's based on building, destroying, or anything
in-between.  I *might've* also implied it's juvenile to suppose
markets value Horatio Alger first.

But I might've also implied it's *convenient* to think so.

Only "conspiratorial wacko thinking" sees AdobeMedia as less than a
pure avatar of market magic -- but the magic doesn't play as well if
erasing competition by checkbook figures in the story.

Hence it *doesn't* figure, you wackos (how about a little fiat,
Scarecrow?).

Microsoft will purchase AdobeMedia, as soon as Adobe bats its eyes
and blushes.  Or Sun will woo and marry.  Not yet.

Consumers rightly love markets, but markets themselves despise
markets, and naturally seek to game or close them.

It all works out.  Still, ascribing even a trace of abstract public
beneficence to a corporate market actor is absurd, dangerous, and
silly.  IMO.  ;)

LQ


Kathleen wrote: