https://www.google.com/amp/s/www.businessinsider.com/marc-andreessen-carl-icahn-k–led-an-entire-airline-2014-3%3famp
4 replies (most recent on top)
just read today, xerox(hp) will have a debt of over $30 billion if this deal goes through, in a declining market, the bills aint gonna be paid any time soon..cost cutting is not enough,I wonder what our other competitors are planning?? ricoh-canon tie up ?? Crash and burn with in 5 years ..we will be Kodak.
I think this is an important fact many are forgetting. C Icahn is not a long term investor.
He's very much like a house flipper.
Get in, make some improvements (cut expenses), sell for a profit. Move on to the next opportunity.
Wash, rinse, repeat.
And like someone flipping a house, he doesn't care what happens to Xerox (the house) longer term. He just needs it to remain standing until the check clears. After that, he doesn't care if it burns to the ground.
No one should be surprised by his tactics or the final results. In the end, Carl gets paid, his friends get paid, and everyone else can go to h*ll.
It’s an article from 2014, if that link doesn’t work, try this one: https://urlzs.com/t82bJ