Thursday, April 28, 2005

The storm clouds gather

Yesterday my company's main competitor publicly announced that they are looking to buy another company. They are not saying who it is that they want to buy, but some of their people have been seen in my company's offices, and they have said that they are only interested in one company. Definitley a case of 2+2=4 I think. They've already spent $100K and are looking to spend another $100K in the next quarter on the purchase, so they are serious.

So what happens if they do buy us out. Well they are certainly interested in part of the company as it will fill a gap in their portfolio, but the bit I work for produces a product that is currently in direct competition with then. I suspect that that means that they will want to close my part down as it wouldn't make much sense for them to shoulder the development costs of two very different products that do the same job. I just hope that it doesn't drag on too long.

As for the future, well I'll consider myself lucky if I find another job that pays 3/4's of what I'm now on, and I probably have to start paying travel costs to get back and forth to work. Time will tell.

- snowjest

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