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A Giant Bid That Shows How Tired the Giant Is

February 2, 2008
by Joe Nocera
New York Times

Joe Nocera

Oh, how the mighty have fallen. This may seem like an odd way to characterize a company that just announced its willingness to plunk down $44.6 billion to make its first hostile takeover ever. A company that will probably generate somewhere around $60 billion in revenue when its fiscal year ends in June. A company whose market share in its two core products is still so high–despite recent inroads by a certain flashy competitor–that it qualifies as a monopoly.

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This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."

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