Comments

WOW!

Posted by Marianne Powers at September 13, 2005 10:06 PM

WOW! Too good to be true! Am engrossed in these slides.....Kudos to Tom & Co.....its definitely an invigorating experience traversing thro these superb slides!

Gr8 show!

Posted by K.Sriram at September 13, 2005 10:15 PM

Awesome, current, energetic, inspiring - thanks Tom

Posted by Trevor Gay at September 14, 2005 3:08 AM

Hello

Thanks for the slides. very refreshing.

Just something that we might want to discuss. I offer no position on this issue. I write to you mostly out of curiosity...

Quote from your slides...

"That’s one reason why organic growth is so prized by corporations and investors. In fact, if you compare the stock performance of a new index of 23 companies that are masters of organic growth to the S&P500, the Organic Growth Index beat the S&P500 handily, 31% vs. 22% over the year ending January
2004"

Intuitively, One of the reasons why a company would go for organic growth is if it thinks it can do a better job that someone else. I think this is especially true for tech companies.

So, why invest in a skype when you know you are better off buying them. Saves you time, gives you quick entry into a market..less time for phone companies to react...millions of subscribers. what you would do if you had to make the decision to buy or build?

Take google. One of the best search engines is on an acquisition spree. why? could it possibly have offered the kind of services so quickly otherwise?
Would I want to develop a search engine today? I dont know. The problem of search was solved with Yahoo's search engine. Google thought otherwise and now yahoo and msn will be playing catchup for a long time to come,atleast as far as quality of search goes. Today, we have clusty.com and icerocket.com both going after niche markets.

Take microsoft.. most of its products have been acquisitions.. and i think it has done pretty well.

Take Oracle.. we dont know if its going to succeed.. but it definitely breathing down SAP's neck with Siebel and PeopleSoft..

All these companies started off with great organic growth, but one isnt good at everything..

I may be completely wrong here, but regardless, its good to learn.

I am wondering if the good folks here could offer some insight.

Aejaz

Posted by Aejaz at September 14, 2005 10:16 AM