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Maytag now Whirlpool
Aug 23, 2005
4 Replies
So, is this good or bad?
On Tue, 23 Aug 2005 12:03:23 GMT, PaPaPeng wrote Re Re: Maytag now Whirlpool:
This overpayment can be easily recouped by reducing the quality, but not the price of the Maytag line. Look for a significant quality reduction in future Maytag products.
[A Whirlpool-Maytag alliance would command a 48% market share for major appliances, ahead of 26% and 20% for General Electric Co. (GE: news, chart, profile) and Electrolux (SE:000010381: news, chart, profile) , respectively, according to estimates compiled by Prudential Equity Group.]
This has all the charm of the Compaq-HP merger. Whirlpool is overpaying paying for more or less the same lineup of products. If Maytag couldn't compete with Whirlpool in the first place why would anyone believe that Whirlpool will vamp up Maytag's line to be better than W's lineup? It looks more like a means of eliminating a competitor (M) to improve market share.
Maytag quality has already hit bottom in my experience...... at least with respect to dishwashers.
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