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"Cringely suggests IBM should become a bunch of small, independent companies under an umbrella organization, apparantly because conglomerates have yet to fall out of favor in PBS land. A bunch of small independent units might as well be small independent companies unless there is some supracontractual benefit to being together, but presumably you'd need cross-group committees to take advantage of these benefits and then suddenly you're back to Big Blue again."
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Christian Langreiter, Langkampfen