The losers often are heterogeneous patchworks of many small companies acquired during the irrational exuberance in the late '90s.
More Quotes from Peter Pollak:
Typically, there are a few niches, and everybody sees they are growing more rapidly, and so they jump on these niche markets. And all of a sudden they are no longer niche markets, and there will be too many players, and it's going to be very competitive in a short period of time.Peter Pollak
The Indian companies all want a foothold in the West so they can claim they are operating under Western regulations and have Western intellectual property rights.
Peter Pollak
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