From Glory to Ruin: The Shocking Mistakes That Toppled 26 Major Companies Overnight
The 7800 had comparable tech and could also play all of the old 2600 games too.
I always think of TWA Airlines.
TWA was a legacy airline from the earliest days of airlines. However, after deregulation in the 70’s, they were struggling to compete. Desperate for cash, they allowed corporate raider Carl Icahn to purchase majority ownership of the airline, which provided some much needed cash.
Included in the takeover agreement was a small clause that required TWA to sell tickets to any of Icahn’s companies at-cost, meaning zero profit. It sounded like maybe TWA would give a few seats to some corporate travelers.
Nope. One of Icahn’s companies was a travel agency, and they sold huge numbers of tickets to the general public below market value and for zero profit to the airline. Flights would be 100% full and make no money. Hamstrung by the inability to adjust fares to make a profit, the airline was forced to cut costs, cut or eliminate popular services and benefits, and cease flying on some routes altogether.
Eventually TWA could not survive and it was bought by American Airlines in 2000.
Intel’s decision to forego purchasing ASML’s EUV lithography machines until their competitors purchased all of ASML’s production putting Intel years behind. To their credit Intel took delivery of one of ASML’s machines about six months ago. These machines are so advanced that it will be another 18 months until Intel can manufacturer chips using these machines.
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