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7 companies that won't make it to 2020
MSN Money ^ | 12/9/2009 | Michael Brush

Posted on 12/09/2009 7:34:19 AM PST by SeekAndFind

NO SPACE FOR COMPLETE EXPLANATION, CAN ONLY POST EXCERPTS. READ ENTIRE ARTICLE BY CLICKING ABOVE LINK :

Potentially fatal flaws come in many forms. But three crop up the most when you talk to experts: excessive debt, superior competitors and the inability to keep up with technological change.

1. Palm

With the Treo, Palm (PALM, news, msgs) was an early pioneer of the move to smart phones. So it doesn't seem right that stronger competitors such as Apple (AAPL, news, msgs) and Research In Motion (RIMM, news, msgs) are now going to crush it. But that seems to be Palm's fate.

2. Sears

Sears remains one of the great mysteries in retail: It's not clear why it still exists. Yes, we know consumers love Craftsman tools, DieHard batteries and Kenmore appliances. But there's a fuddy-duddy aspect to its stores that makes it a wonder Sears has survived the current decade.

3. Blockbuster

Video rental icon Blockbuster is a great example of how technological change can crush winners that fail to keep up.

4. Eastman Kodak

The company that brought us Kodachrome spent most of its life as a near monopoly. Back in the good old days, it only had to face down Fujifilm.

5. Borders

Like Blockbuster, Borders (BGP, news, msgs) is getting hit by technological changes that leave it dazed and confused.

6. Magellan

Once a novelty, GPS -- the technology that plots your location via satellite -- is now ubiquitous. Besides dashboard GPS devices in cars, consumers can now get GPS access in smart phones and even cameras.

7. McClatchy

Technology has been particularly hard on the news business, as content has moved online but advertising dollars have been slow to follow. For smaller, undiversified newspaper companies burdened with huge debt loads, time is running out.

(Excerpt) Read more at articles.moneycentral.msn.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: 2020; companies; competition; economy
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1 posted on 12/09/2009 7:34:21 AM PST by SeekAndFind
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To: SeekAndFind

Odd he did not mention MSNBC or CNBC...


2 posted on 12/09/2009 7:37:40 AM PST by padre35 (You shall not ignore the laws of God, the Market, the Jungle, and Reciprocity Rm10.10)
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To: SeekAndFind

It would be nice if we could add Chicago, Inc. and the DNC to the list.


3 posted on 12/09/2009 7:38:17 AM PST by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
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To: SeekAndFind

It would be nice if we could add Chicago, Inc. and the DNC to the list.


4 posted on 12/09/2009 7:38:19 AM PST by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
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To: SeekAndFind

Palm is gonna get RIMMed?.................


5 posted on 12/09/2009 7:39:06 AM PST by Red Badger (Al Gore is the Bernie Madoff of environmentalism. He belongs in jail. - Unknown Blogger)
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To: SeekAndFind
Sears and Kodak will linger on, maybe Blockbuster as well now that their competition is thinning. He's probably correct about the others.
6 posted on 12/09/2009 7:40:44 AM PST by I cannot think of a name
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To: SeekAndFind

1, 3, 5 and 7 deserve it....


7 posted on 12/09/2009 7:40:47 AM PST by clintonh8r (Oath Keeper and Manhattan Declaration signer)
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To: SeekAndFind

The explanation for Sears seems to explain why it should not be on the list.


8 posted on 12/09/2009 7:41:47 AM PST by Williams (It's the policies, stupid)
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To: SeekAndFind
4. Eastman Kodak The company that brought us Kodachrome spent most of its life as a near monopoly. Back in the good old days, it only had to face down Fujifilm.

Mama, don't take my Kodachrome away!

9 posted on 12/09/2009 7:41:56 AM PST by dfwgator
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To: SeekAndFind

Add to list:

1) Macy’s
2) Wendy’s
3) Hertz rent a car
4) JC Pennys
5) GM
6) Chrysler
7) several NBA teams
8) Yellow Freight
9) DELL
10) Bank of America


10 posted on 12/09/2009 7:44:10 AM PST by Le Chien Rouge
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To: padre35

Actually their parent or partial parent company, GE, is technically broke. They are rolling over short term debt but if rates tick up they will need to go chapter 11.


11 posted on 12/09/2009 7:44:18 AM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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To: SeekAndFind
Any newspaper? AOL? GM? Chrysler? About 50% of states and cities?
12 posted on 12/09/2009 7:44:27 AM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SeekAndFind

He forgot a whole bunch of newspapers too. Oh wait, they’ll get a bailout....


13 posted on 12/09/2009 7:44:34 AM PST by b4its2late (Before you can control a horse, you have to break it. Sound familiar?)
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To: SeekAndFind
But there's a fuddy-duddy aspect to its stores that makes it a wonder Sears has survived the current decade.

There's room for one legacy fuddy duddy in retail. By the way, if people "love" Craftsman and Kenmore, and you can only get them from Sears and partner K-Mart, isn't that enough reason to exist?

Fuddy duddy might not be bad with an aging population.
14 posted on 12/09/2009 7:45:00 AM PST by Dr. Sivana
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To: SeekAndFind

Re: Sears

I have, in the past, bought Craftsman tools, and still do. That’s the only reason I go to Sears.

Anyone try to search for something on their site? Its, effectively, worthless. If you put in a search term for something you know they have, odds are it won’t be pulled up and you’ll instead be presented with screens full of other items that have similar names - and some that seem to have no relation to your search at all. Total waste of time.

I’ve sent numerous emails (once you’re able to find contact info, which is another problem with the site) to no avail. I’ve just about given up on the brand.


15 posted on 12/09/2009 7:47:19 AM PST by chrisser (Tweet not, lest ye a twit be.)
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To: SeekAndFind

Magellan was a better product than Garmin only a couple of years ago, and was the favored brand for geocachers due to better signal reception. Garmin’s stuff has gotten better, but so has Magellan. I just don’t see any of the “real” GPS companies getting shut out by fragile smartphones, at least in the “outdoor” market. Maybe as an urban product, but not for hunters etc. There are several other more technical GPS manufacturers that I would expect to sink before Magellan, such as Loran, Trimble, and DeLorme.


16 posted on 12/09/2009 7:49:48 AM PST by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Dr. Sivana

That won’t support two and three floor spaces in premium shopping malls. The only time I bother with any of the department stores is when the stuff is on sale. I can’t justify paying an extra ten bucks an item for the cache of paying an extra ten bucks an item. And I agree with chrisser. Their website could use improvement.


17 posted on 12/09/2009 7:52:15 AM PST by sig226 (Bring back Jimmy Carter!)
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To: sig226

cache = cachet


18 posted on 12/09/2009 7:52:36 AM PST by sig226 (Bring back Jimmy Carter!)
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To: SeekAndFind

I don’t see Palm going under.
Sprint has great service and the Pixie is the perfect cheap starter combo. Sprint and Palm are together.

They also just brought out the Pre.

Now Blockbuster is horrible. 5.00 to rent a movie overnight? Right. Redbox and Netflix are killing them.


19 posted on 12/09/2009 7:53:07 AM PST by netmilsmom (I am Ilk)
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To: Frantzie
GE, is technically broke.

Then why is their corporate debt ( bonds ) still rated close to AAA ?
20 posted on 12/09/2009 7:55:07 AM PST by SeekAndFind
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To: clintonh8r

What’s wrong with Borders?


21 posted on 12/09/2009 7:55:36 AM PST by Borges
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To: Frantzie

GE has recently sold control of NBC Universal to Comcast.


22 posted on 12/09/2009 7:56:46 AM PST by Borges
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To: SeekAndFind
[For smaller, undiversified newspaper companies burdened with huge debt loads, time is running out.]

Newspaper companies began diversifying as early as the 1960’s by buying up small daily papers in markets—like the Sunbelt—that would later grow. They also began buying network-affiliated television stations in the same markets. This foresight by one generation of publishers was later wasted, in many instances, by the next generation. For example The New York Times Company two years ago sold off all their television stations—potentially the one sector of their holdings with a future—for half a billion dollars. They used this money to prop up their stock price, invest in on-line projects and pay off bills at the flagship paper in New York. More recently the Times Company has been selling some of its chain of small dailies across the South. The mentality is to cannibalize their assets in a doomed effort to keep publishing the New York Times each day to a shrinking population of loyal readers.

23 posted on 12/09/2009 8:00:05 AM PST by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Little Pig
Magellan, Garmin, whomever... the end product can be as fantastic as they want, but unless the constellation of GPS satellites is maintained, it is all for naught.

The current administration has shown severe incompetence with the U.S. budget and I suspect GPS will start to fall by the wayside in the not-to-distant future due to their malfeasance.

24 posted on 12/09/2009 8:00:47 AM PST by rjsimmon (1-20-2013 The Tree of Liberty Thirsts)
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To: SeekAndFind

Add the communist seized General Motors, Chrysler, and Bank of America.


25 posted on 12/09/2009 8:02:40 AM PST by FormerACLUmember (The urge to save humanity is almost always a false front for the urge to rule. - H. L. Menken.)
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To: SeekAndFind

Their debt is back stopped by Uncle Sam. $500 billion. The rating agencies are lying again. They did pretty well rating mortgage backed securities.


26 posted on 12/09/2009 8:04:17 AM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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To: SeekAndFind

And Verizon goes on & on

There is no God


27 posted on 12/09/2009 8:06:36 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: netmilsmom
Now Blockbuster is horrible. 5.00 to rent a movie overnight

??? I like Blockbuster ... At my Blockbuster,'old' movies are $.99 per night & $2.99 for new releases for 1 night. Probably because there were 2 RedBoxs across the street.

I hate RedBox ... long lines at the ones where I live & nothing good ever there.

28 posted on 12/09/2009 8:09:40 AM PST by Lurking in Kansas (Never argue with an idiot. They drag you down their level, then beat you with experience.)
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To: Borges

RE: What’s wrong with Borders

The article explains thusly :

Like Blockbuster, Borders (BGP, news, msgs) is getting hit by technological changes that leave it dazed and confused. First came the Internet, which brought the competitive pricing of Amazon. Lately, price competition has gotten even worse, with Wal-Mart slashing prices on best-sellers and Amazon matching the cuts.

Now Amazon’s e-book reader, the Kindle, is gaining in popularity. With the Kindle, readers just download books, which are sold at lower prices. Next, readers will be using computers and computer notebooks to do the same. All of this eviscerates the need for a brick-and-mortar bookstore such as Borders, with the high costs associated with stores and inventory, Stevens says.

Borders has dealt with these challenges by aggressively cutting costs. But it’s running out of room for that tactic, says Credit Suisse analyst Gary Balter.

This means that, for Borders, the final page is being written.

Borders responds that bookstores will continue to coexist with digital book formats and online vendors because people who love books will continue to seek “community,” or a place where “they can be surrounded by the books they love, meet others who share their passion for books and engage in the sheer joy and indulgence of spending hours exploring.”


29 posted on 12/09/2009 8:10:32 AM PST by SeekAndFind
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To: Lurking in Kansas

Why would I go to Blockbuster when I can discipline myself to NOT watch a movie until 6 months later when my PUBLIC LIBRARY SYSTEM will have it and I can borrow it for free ?


30 posted on 12/09/2009 8:12:06 AM PST by SeekAndFind
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To: Le Chien Rouge
I agree with you on Macy's. They took on a ton of debt when the purchased federated and then did not consolidate their operations until it was too late. I am not sure I agree with you on JCP though. I would like to hear your thoughts on that.

Thanks!

31 posted on 12/09/2009 8:14:12 AM PST by HOYA97 (Hoya Saxa = What Rocks)
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To: SeekAndFind

I hate Blockbuster. Their selection strinks and they’re a massive strip mall eyesore.


32 posted on 12/09/2009 8:14:15 AM PST by Borges
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To: SeekAndFind

I read the article. I was responding to a poster who said they ‘deserved’ it.


33 posted on 12/09/2009 8:14:57 AM PST by Borges
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To: SeekAndFind

Well you could use that argument for pretty much every source of entertainment. Meanwhile library usage is actually going down in this country, so apparently people aren’t into waiting.


34 posted on 12/09/2009 8:15:33 AM PST by discostu (The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression)
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To: Borges

Nothing...if they are protected and enforced.


35 posted on 12/09/2009 8:25:00 AM PST by Osage Orange (Obama's a self-made man who worships his own creator...............)
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To: padre35
>>> "Odd he did not mention MSNBC or CNBC..." <<<

I agree with you, but in truth NO companies will survive past the end of the Mayan Calender 2012.

36 posted on 12/09/2009 8:25:04 AM PST by hennie pennie
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To: Le Chien Rouge

BofA?Why?


37 posted on 12/09/2009 8:26:16 AM PST by QQQQ
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To: rjsimmon

Although you may be right (and I happen to think that, since the military uses the GPS system they’ll find a way to keep it maintained despite the Zer0), that’s outside the scope of the original article, which looked at the problem solely from a company viability perspective.


38 posted on 12/09/2009 8:26:35 AM PST by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: SeekAndFind

I love the chaos of Borders and much prefer it to the regimented B&N.

As for Blockbuster their problems go well beyond “a great example of how technological change can crush winners that fail to keep up.” Their constant and egregious abuse of their market position had many customers abandoning them well before Netflix asserted its might. From the retail spaces which were more concerned with add-a-sale than core business to the army of snotty staff and ‘managers’ to the naked avarice of ever-changing late fees (for which they were pummeled in court) no ‘industry leader’ ever did more to alienate its customers and justify its ignominious end.


39 posted on 12/09/2009 8:26:48 AM PST by relictele
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To: sig226

Sears and JCP are two of the anchors at our local mall. Sears carries Land’s End clothing which seems to be keeping it alive. For the life of me I don’t get JCP at all. Horrible stuff.


40 posted on 12/09/2009 8:27:16 AM PST by surrey
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To: HOYA97
I agree with you on Macy's.

If that happens, I'm not sure what will happen to the traditional annual New York City MACY's THANKSGIVING PARADE. What will replace it ? Or will there be none by then...
41 posted on 12/09/2009 8:36:04 AM PST by SeekAndFind
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To: SeekAndFind

Sears is an enigma, and I agree with their “fuddy-duddiness.” I was very enthused by their partnership with Land’s End a few years ago, but locally, it’s been difficult to get a large variety. I was in a local Sear’s just the other day, and 90% of the LE items they had were for women. Mostly just coats for men, and some assorted short-sleeved polos.


42 posted on 12/09/2009 8:38:42 AM PST by Lou L
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To: discostu
Meanwhile library usage is actually going down in this country, so apparently people aren’t into waiting.

As recently as five years ago I loved our public library, but now it has become a meetinghouse for fellow travelers to network, a babysitter for welfare recipients and a puppet/bookreading/storytelling/folksong center catering to middle-class metrosexual daddies. Still, if they hadn't purged themselves of nearly everything but leftist political science books, alternate lifestyle apologetics and how to live "green" guides, I'd put up with the coexistence caucus.

But they have pared the books down by at least two-thirds in order to make room for trendy, PC crap on the taxpayers' dime. I'd be willing to wait if there was anything left, but there isn't.

Mr. niteowl77

43 posted on 12/09/2009 8:41:05 AM PST by niteowl77 (You wanted him, and now you have got him. I say, "Good day to you," America.)
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To: niteowl77

Wow. The various public libraries around me have tons of stuff with a wide variety.


44 posted on 12/09/2009 8:44:18 AM PST by Borges
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To: SeekAndFind
2. Sears

Does this mean I won't have to finish paying off my Sears gold card?

45 posted on 12/09/2009 8:46:48 AM PST by GSWarrior
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To: SeekAndFind

I hope Sears and Borders stick around. Some of the Craftsman tools are still American made, and I love browsing Borders for a book.


46 posted on 12/09/2009 8:50:28 AM PST by mysterio
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To: Borges

I wouldn’t buy a product (usually at full retail) that a bunch of freeloaders are sitting around reading for free, soiling and thumbing the pages, all smug with their lattes. Amazon beats Borders and B&N’s asses because they provide great service at the best price (and free shipping for orders over $25 and NO SALES TAX). A lot of people must agree, otherwise Borders wouldn’t be in trouble. Borders has already filed bankruptcy in the UK.


47 posted on 12/09/2009 8:51:23 AM PST by clintonh8r (Oath Keeper and Manhattan Declaration signer)
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To: Lurking in Kansas
I remember when Blockbuster was called Video Library.

Cue the jingle

Watch what you want when you want it...
at Video Library.

48 posted on 12/09/2009 8:51:48 AM PST by GSWarrior
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To: Lurking in Kansas

I was at Blockbuster two weeks ago.
Our new releases are 4.99. We JUST got RedBox up here, and our Libraries don’t rent 1st run movies (I know they do that in Cleveland where my family is)

I can reserve at Red Box and get any movie I want.

I also pay 8.99 for Netflix and watch tons of streaming movies.

I will never go back to Blockbuster.


49 posted on 12/09/2009 9:02:19 AM PST by netmilsmom (I am Ilk)
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To: SeekAndFind

Yep, Amazon is giving away a Kindle ap for computers...so even if you haven’t bought a Kindle, you can take advantage of the lower prices for Kindle ebooks and read them on your computer.

I love going to Borders once in awhile, but in truth, I buy most of my books and my music downloads from Amazon.


50 posted on 12/09/2009 9:09:48 AM PST by Knitting A Conundrum (Without the Constitution, there is no America!)
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