Why would a corporate buyout concern us? Rajiv Makhni explains how having fewer big players in smartphone market would mean less competition, more monopolistic practices, higher prices and lesser innovation.
Let me be clear from the start. I have nothing against Lenovo. I think it’s a great company – it’s the number one PC vendor in the world; it took on the IBM PC business and made it a better brand; it’s just bought out IBM’s server business and is taking it to great heights; it’s one of the few companies trying new things in the tablet market; and it’s a growing force in the smartphone business. I have great respect for the company and its business model. My problem lies with Google and what it’s doing with these knee-jerk reaction deals. Let me elaborate...