ABC News: Silicon Insider: R.I.P. Microsoft?
Feb 11, 2005, 00:15 (18 Talkback[s])
(Other stories by Michael S. Malone)
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[ Thanks to David D. Huff Jr. for
this link. ]
"Business reporters--like, I suspect analysts and venture
capitalists--develop over time a set of diagnostic tools for
analyzing the relative health of companies we encounter. This bag
of tricks is mostly subjective, some of it no doubt unconscious,
and we constantly test it against experience, most of it bad. That
is, every time we get suckered into writing an upbeat story about
an evil, incompetent or doomed company, we swear we will never make
that mistake again--then we scrutinize where we went wrong and what
warning signals we missed.
"This can make us seem cynical after awhile. But let me tell
you: there's nothing quite like having some pensioner or widow tell
you that they lost their life savings because they based their
investments on one of your articles. You will never believe a
corporate pitch again..."