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How to Monetize a Software Business
The only players that make any money are the number one or number two player in the market. So even if there was a path for HP to become from five to four or take out IBM and five to three, profitability goes to the winner. And when you really step back and look at that math, it's pretty obvious that it has to be an M&A scenario or you should shut the business down. Right? You lose money indefinitely on a software business unless you become the dominant player and then you make insane profit.