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"At least shareholders don't have to worry about another large acquisition from H.P.," Mr. Noland said.
No wonder regulators, investors, employees and passengers all doubt the wisdom of another large acquisition.
Shareholders are nervous that LVMH will pay too high a price for a large acquisition.
Still, RIM is a large acquisition to swallow, limiting the pool of buyers.
But it would struggle to find the cash for a large acquisition.
Few carriers appear to be interested in making such a large acquisition now that the United deal has fallen apart.
While Mr. Johnson did not rule out buying another business, like Keebler, a large acquisition may not happen anytime soon.
First it is a large acquisition for a business that has been targeting total acquisition spend of around £250m annually.
Todd Harrison of the Centre for Strategic and Budgetary Assessments says: "Large acquisition programmes are large targets".
"We're not adverse to a single large acquisition, neither are we adverse to multiple smaller transactions," Stuart Grant, the company's chief financial officer, said in a telephone interview.
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So far in 2006, the firm has arranged three large acquisition-related financings: $10.7 billion for NRG Energy, 10 billion euro for Ineos Group and 1 billion euro for Fresenius.
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