Pfizer/Wyeth in Talks: No Surprise, But No Joy Either

Well, as most of you will have heard, the news Friday morning was that Pfizer (PFE) has been in talks to buy Wyeth (WYE) for several months now. So they must be serious about it, eh? That's been one of the deals tossed around as a possibility, so it doesn't come as a complete surprise. I guess what does surprise me is that the company really is going to continue their amoeboid lifestyle. But then again, what choice do they have?

I've said so much about Pfizer recently that I think everyone here knows my thoughts (and I was recently quoted in the New London newspaper The Day unburdening myself in similar fashion, which should ensure that I'll never get a job at the company). But what am I saying? Who thinks that Pfizer will be doing anything but shedding head count for several years to come?

Comments

[reader:]

Question Mr. Lowe: Do you have an alternative to cutting jobs? This is the first blog that I have read of yours, so I am a little behing the curve on exactly where you may be coming from.

I hope pfe buys wyeth, I hope they purchase a couple more companies, I'm sorry they got rid of some of the over the counter stuff that they did a couple of years ago. I want to see a company doing something and not sitting on their collective asses waiting for old age to overtake them. No, I don't mean just do something just for the hell of it but I do mean be a little aggresive while you have the chance.

Jan 25 09:39 PM