NEW YORK (
)-- The radio industry's bid to make FM tuners a required element of cell phones and PDAs isn't sitting well with readers of
. In fact, it took last week's title of dumbest of the dumb. .
We asked readers of last week's
5 Dumbest Things on Wall Street
what they thought qualified as the best example of bone-headed thinking. Of the 286 readers that responded to our survey, 112, or 39.2%, felt the idea of requiring makers of cell phones and PDAs to install FM tuners in their devices was laughable.
argued that FM tuners should be mandated as a matter of public safety.
5 Dumbest: Poor Reception for the Radio Industry
The radio industry got some serious competition from
and its frenzied bidding war with
. At 93 votes, or 32.5% of respondents, HP's effort to acquire a business that isn't profitable was deemed the second dumbest action of the week.
On Friday, before market open, Dell announced that 3Par had
, or $1.8 billion. Hot on the heels of Dell's announcement, however, HP upped the ante ,
, for a total purchase price of almost $1.9 billion. Dell has until Wednesday to respond.
At a distant third place finish, with 36 votes, or 12.6% of those surveyed, was
plans to make a third run at the TV market with a buck-a-show rental service.
-- Written by Ross Tucker in New York.
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