Washington Post
Some of
Steven Pearlstein's thoughts:
* There is no way to save the industry as long as the people who own it insist on returning to the days of 20% profit margins.
* Those aiming to survive the coming shakeout can almost expect to have little or no profit over the next five to 10 years.
* Industry consolidation is not only necessary but desirable.
* Consolidation won't succeed in the long run if the efficiency gains aren't invested back into new technology, top talent and product improvement.
I am getting so sick and tired of hearing about...
