But while equity investors often see value in a less sprawling conglomerate, the same isn't always true for bondholders.
There is much more openness to change, he says, than there was in the past.The Internet ought, therefore, to make Siemens a more cohesive, less unwieldy conglomerate.
Grand Met, which re-named itself Diageo a few years ago after buying the Guinness brewing empire, is also becoming less of a conglomerate, selling off its Pilsbury food business in America and its Burger King fast-food chain.
"After the divestitures, they'll be a little less of a conglomerate, but much more so than other food companies," said Terry Bivens, an analyst at Bear , Stearns
But antitrust concerns could be eased if the new company positions itself less as a conglomerate of ad agencies and more of a data company competing with businesses like I.B.M. and Facebook, Mr. Wieser wrote.
He says that the labs group itself was structured to make it feel like less of a conglomerate and more of a startup.
In considering this course of action, the NFL is endorsing a laudable principle -- one that says racial slurs should have no place in any business, much less a $9-billion-a-year 9-billion-a-year 9-billion-a-year 9-billion-a-year sports
The model of the diversified banking conglomerate makes less sense in a world where national regulators are trying to prevent outflows of capital and liquidity.
Instead, Chayefsky seemed attracted to a story about "the destruction of a buccaneering independent TV HOTSHOT by surrendering his identity, patriotism and self to the dehumanized multinational conglomerate" — nothing less than "FAUST + MEPHISTOPHELES today".
Before the merger, AOL was trading at 216 times earnings, and Time-Warner's share enjoyed an earnings multiple of 101, high for a media conglomerate but less impressive compared with Internet information companies such as Yahoo! yhoo, which trades at more than 1,600 times earnings.
