Poor long term business model6 Feb 2012 09:05
So the bubble has has finally been seen to have burst. A poor model for a business, interesting while it was working! I have never held shares in the company but have observed very closely. Never did like the employ, train (indoctrinate) , sell them some shares and then push them out into local government education departments to recommend/insist on RM computers in the schools system of expansion. Lobbying for the building schools programme, buying little peripheral businesses in the hope local authorities could continue to spend money they didn't have and training useless middle aged head teachers how to 'turn it off and then back on again' was soon going to be seen through by computer literate 'proper teachers' and was never going to make money long term for RM. No worthwhile R and D, no innovation and no vision - that has always been my observation of RM, (except for one visit to their virtual nonsense - just as they had spent another tronch of dosh on brick ends for teenagers!! it did all look very colourful but not a business!) RM rest in peace or pieces perhaps.