Maybe I am just paying too much attention to bad news and not enough to good enws (and good stuff that doesn't make the news ). But I 'm just frustrated with the circumstances that so many Chicago companies seem to find themselves in year after year. Sure, you have the companies that just consistently do well -- Walgreens, and Illinois Toolworks to mention maybe the two most promiment. But of the newer generation of companies, and some of the old standards, so much news of mediocre performance, or mediocre Wall Street evaluations.
Sears was supposed to have a new lease on life (according to some) with the role out of new Sears stores in old Kmart locations. But now some are second-guessing Lampert's move and Crain's recently reported that Sears isn't even really trying to compete during this Christmas season.
But then I think of what are supposed to Chicago's stars. Take Tellabs. Seemingly one of very few telecom equipment makers not based in california, its revenue has shrunk considerably since the early 2000s. Apparently not seen as an innovator, its a possible takeoverr target.
Add to that the news about Ameerican Pharma. partners. A stable generic drugmakrer, its now to be recombined with another ompany also controlled by a biotech entrepreneur Dr. Patrick Soon-Shiong and relocated to LA. Investors were nonplussed, as they see APP paying too much for American Bioscience, a deal orchestrated by the CEO.
Where are Chicago's new stars ? Where are Chicago's companies that don't miss a beat, the smaller Ebays, or smaller Microsofts? Sure they won't be as big (nearly) as the West Coast counterparts, but at least they can be top performers.
Even Navteq of late has had some rough spots. sigh.> |
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