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re: The dumbest company?
Posted on 1/21/16 at 9:43 am to colorchangintiger
Posted on 1/21/16 at 9:43 am to colorchangintiger
quote:
Blockbuster got conned into a deal with Enron. Enron made them believe that they had the infrastructure in place to deliver streaming video on demand over the internet. Not only did Enron not have the capacity, they DIDN'T EVEN HAVE A BROADBAND NETWORK.
Forbes Article in 2000
WOW!!! Reading this article today provides SO MUCH Monday morning quarterbacking opportunities...
quote:
Both companies expect to generate significant revenue. The in-home entertainment industry is huge, predicted by analysts to reach $20 billion this year. “We think this service will help expand the pie. Consumption of entertainment has gone up every year,” says Steve Pantelick, senior vice president of strategic planning at Blockbuster.
What’s more, the deal solves some of the problems of Blockbuster’s brick-and-mortar stores. For example, with an Internet-based movie-on-demand service, the store will never lose a sale because of rented or out of stock movies.
The stores will never lose a sale because all of the stores will be fricking closed in 10 years
They also limited the service to DSL customers only...
This post was edited on 1/21/16 at 9:44 am
0
Posted on 1/21/16 at 9:45 am to Broke
Every single major music company
Posted on 1/21/16 at 9:46 am to Broke
Napster
Posted on 1/21/16 at 9:50 am to Cooter Davenport
quote:
smartphone market on LOCKDOWN and a decade later they barley exist
They bet on the business world continuing to favor them because they could seamlessly integrate with enterprise servers and the business environment and did nothing to embrace the media/entertainment side of the smartphone. Then Apple and Android started catering to business and enterprise systems, and RIM was completely behind the game. They chose... Poorly.
Posted on 1/21/16 at 9:58 am to elprez00
This is a good thread. Ive learned quite a bit this morning. What else do we have?
Gateway Computers went from having cow commercials and retail stores everywhere to almost nothing. What happened there?
Gateway Computers went from having cow commercials and retail stores everywhere to almost nothing. What happened there?
Posted on 1/21/16 at 10:03 am to anc
I just remembered another one that I loved.
FranklinCovey
Made the best planners. Had a great system. Refused to move to the smartphone and it killed them.
FranklinCovey
Made the best planners. Had a great system. Refused to move to the smartphone and it killed them.
Posted on 1/21/16 at 10:03 am to Mo Jeaux
quote:
quote:
as long as you don't have a snapchat, instagram, or watch a ton of videos on your phone it gets the job done.
Not really. It still has its limitations.
elaborate....
email is and always will be fastest with BB...
There does need to be capability to decipher emojis from Iphones. It just comes across as unreadable
Posted on 1/21/16 at 10:03 am to elprez00
The Blackberry Priv (the company's first android phone) is a good starting point for a turnaround. People still trust them for security and like their keyboards. (Personally, after using Microsoft's word flow phone keyboard, I could never return to using actual keys. Looking forward to it's arrival on android shortly.)
Posted on 1/21/16 at 10:05 am to anc
quote:
Gateway Computers went from having cow commercials and retail stores everywhere to almost nothing. What happened there?
The moment I saw a Gateway computer in a Walmart, I knew they were doomed. Gateway was not well positioned in the enterprise market so when the economy sputtered in 2000-01, they lost their shirts. They bought emachines in 2004 which further gave me the impression they went "the cheap route"
Acer bought them in 2007. Gateway is still a functional business but is a shell of it's 1990's former self.
Posted on 1/21/16 at 10:06 am to Broke
Obligatory Comcast answer
Posted on 1/21/16 at 10:20 am to Tigeralum2008
quote:
IBM could have been bigger than Microsoft and Google had they positioned themselves better.
IBM is bigger than both Microsoft and Google, if you go off the fortune 500 list.
IBM - #23
Microsoft - #34
Google - #46
Posted on 1/21/16 at 10:44 am to PepaSpray
quote:
Blockbuster.
They had a chance to purchase Netflix for practically nothing somewhere around 25-50 million. Now there is no blockbuster and only Netflix.
Does anyone know of a good write-up or analysis on WTF Blockbuster was doing/thinking when Netflix, RedBox, etc. started coming onto the scene?
ETA: Never mind, spoke too soon.
This post was edited on 1/21/16 at 10:46 am
Posted on 1/21/16 at 10:49 am to Broke
Kodak
IBM
DuPont
IBM
DuPont
Posted on 1/21/16 at 11:00 am to Tigeralum2008
quote:
ETA: IBM
Not at all. They pivoted beautifully.
Still an F50 company after all these years even after their core mainframe business got hammered and then made obsolete.
They made a mistake in the 1980's, but they learned their lesson as well as anyone.
Posted on 1/21/16 at 11:02 am to AbuTheMonkey
People think they aren't very big because they aren't really making hardware anymore. All of the software and consulting they do is much more profitable though.
Posted on 1/21/16 at 11:06 am to Broke
Digital Equipment Corp
the US gov't (via the US patent office)...eta: i know this isn't a 'company'
quote:
In 1977, Ken Olsen, the founder and CEO of Digital Equipment Corporation, said, "There is no reason for any individual to have a computer in his home."
the US gov't (via the US patent office)...eta: i know this isn't a 'company'
quote:charles duell, us commissioner of patents 1898-1901
"Everything that can be invented has been invented."
This post was edited on 1/21/16 at 11:07 am
Posted on 1/21/16 at 11:12 am to anc
quote:
FranklinCovey
Made the best planners.
They did. It's really kinda sad.
Posted on 1/21/16 at 11:13 am to tigervet4
quote:
People think they aren't very big because they aren't really making hardware anymore. All of the software and consulting they do is much more profitable though.
Yep, exactly.
They are one of the biggest consulting firms in the world (if not the biggest).
They're much better positioned than Microsoft is now. They're essentially not even in the same business any longer.
I keep seeing Kodak on here, too - they were dumb in a lot of their structuring and marketing, but they were never going to compete with the Japanese firms in digital. They should have gone in a different direction...maybe web design or high-end filming tech or some other sort of visual arts (similar to how IBM was able to completely pivot away from their core business when it became obsolete but still in something feasible), but going digital would have been a stubborn and stupid decision.
Posted on 1/21/16 at 11:15 am to LSUfan4444
quote:
Papa Murphys pizza
Let's sell lazy and fat people lazy and fat food that they have to go home and cook.
No clue what you're talking about, because they've been very successful. There's a ton of Papa Murphy's in Colorado. I have no clue why a take and bake only joint is popular, since I've never tried them. But they're making bank.
Posted on 1/21/16 at 11:19 am to AbuTheMonkey
Well... while Kodak the film company is dying, the parent company spun off the Eastman Chemical division as its own company and it is doing well. So, in a way, they DID pivot, it's just that the more publicly recognizable film division was left to wither on the vine while the chemical division lives on. Sort of like how your average person has no idea what Oracle is because they don't make consumer products, but yet they made $38,000,000,000 last year and the owner is one of the world's 5 richest men.
This post was edited on 1/21/16 at 11:23 am
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