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Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can't Get a Date
by Robert X. Cringely

Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can't Get a Date
by Robert X. Cringely

Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can't Get a Date
by Robert X. Cringely

247

ECONOMICS OF SCALE

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X. Cringely, R. (1996). ECONOMICS OF SCALE. In X. Cringely, R. Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can't Get a Date. Harper Business, pp. 247-268

financed entirely from internal funds

258

This habit of sitting on a big pile of money originated at Hewlett-Packard in the 1940s. David Packard figured that careful management of inventories and cash flow could generate lots of money over time. Hanging on to that money meant that the next emergency or major expansion could be financed entirely from internal funds. Now every company in Silicon Valley manages its finances the H-P way.

—p.258 by Robert X. Cringely 1 year ago

This habit of sitting on a big pile of money originated at Hewlett-Packard in the 1940s. David Packard figured that careful management of inventories and cash flow could generate lots of money over time. Hanging on to that money meant that the next emergency or major expansion could be financed entirely from internal funds. Now every company in Silicon Valley manages its finances the H-P way.

—p.258 by Robert X. Cringely 1 year ago