Is It Possible For Older Companies To Compete With New Technologies?

Discussion in 'General Trading Discussion' started by Chartman, Nov 23, 2019.

  1. Chartman

    Chartman Senior Investor

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    We look at the market today many sectors have been disrupted by new technology. Is it possible for older companies to compete with new technologies?
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    It is certainly more challenging today that it ever has been for older "more established" companies mainly because of their often huge cost base which is expensive to maintain and very difficult to reduce without any short term pain.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    Just look at Dell today - more fallout from recent results. Companies said it is happy with forward potential but market smacked the shares by 5%. Very hard for the old dinosaurs to change :)
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    The problem is that older companies have more or a physical base as opposed to the "virtual" base many new tech companies have to day. The difference in base and running costs is huge!
     

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