Salvos Of The `Third Industrial Revolution'

We believe mergers such as the ones you mention ("Mergers today, trouble tomorrow?" Top of the News, Sept. 12) are just the first salvos in the third industrial revolution described by Harvard's Professor Michael C. Jensen. But we do not agree these mergers are about efforts to eliminate excess capacity. We believe the revolution is about two things: a major paradigm shift in technology and the need for U.S. companies to compete in a global economy.

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