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Microsoft’s Lock-in to their old Success Formula has kept them out of these new markets.
Media is now losing money, and forced to make debt payments, while its primary competitors (the Murdoch-controlled Sky and British Telecom) are in far healthier financial shape.
Instead of putting money into more stores, management would start buying back shares in order to reduce the size of the equity pool
The longer out the timeline, the more bearish I am. Strategy sees its results long-term rather than short-term, so given more time the impact becomes more evident
The result was a negative impact on Jaguar and Land Rover, as the old Ford Success Formula drove down the value of these brands.
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