The Worst Tech Flops of the decade
As hip-hop artiste, Andre Romelle Young, popularly known as Dr. Dre becomes set to become the first rap billionaire and most tech lovers wince at the thought behind the $3.3 billion acquisition of Beats by Apple, we analyse the worst tech deals over the past decade.
Vodafone’s $203 billion dollar acquisition of Germany’s Mannesmann and AOL’s $162 billion take over of Time Warner, made the year 2000 and interesting one. However, amongst the mammoth sized, profitable deals have been a few clunkers, I will like to take you through what we believe are some of the world’s worst tech deals in a few minutes:
HP buying Palm. Damage – $1.2 billion
I’d say let us be calm,but when Palm’s first foray into the tablet market hit rock bottom so hard, reports of Best Buy wanting to send them back was rife and alive. HP are likely to have counted their losses, well…we know the bookkeepers are doing just that.
Google buying Motorola. Damage – $12.5 billion
When Google decided to buy Motorola in 2013, head doctors worldwide found their phones buzzing off the hook. Not only did people question the size of the deal, but the profitability involved in buying a mobile graveyard. A company, which has failed to report any recent pre-tax profits, was certainly not anybody’s idea of the good buy. Fast-forward to today and we are still raising eyebrows.
Yahoo buying Geocities. Damage – $4 billion
The tech bubble certainly saw a fine split of good and bad deals. However, Yahoo binning Geocities in 2009, just 10 years after splurging out a fortune on it certainly confirmed that the search engine demi-giants didn’t do their homework.
Microsoft buying aQuantive. Damage – $6 billion
Well, we all have to keep up with competition and in a bid to keep up with Google who had just bought DoubleClick, Microsoft splurged $6 billion and what most have described as the world’s ‘unsurest’ deals. Two years after the deal, the technology was dumped and everyone went away happy….well, you be the judge of that.
The Apple/Beats deal might be questionable, but most analysts have failed to look at the deal from the actual perspective. Apple certainly doesn’t consider itself a simple tech company but a world renowned designer brand which aims to complete in more high-end stores than Gucci and Louis Vuitton, and by nicking Angela Ahrendts, the die was cast as far back as minds could fathom.
So….think on that, and while we’re at it, let’s make way for King Dre.