NEW YORK (TheStreet) -- The two most important things I learned in high school history class were that, first, it is true that teachers have eyes in the back of their heads, and second, empires simply do not last. This is something Wall Street understands better than most, as evident by the current state of Research in Motion (RIMM), the fall of Blockbuster, Eastman Kodak, Nokia (NOK) and countless other names.However, the question is, can they rise again? Aside from a company such as Apple ( AAPL) -- and it can be argued that Apple never really had an "empire" prior to 2001 -- Wall Street has never seen it happen. Last week, discussing the potential impact of Windows 8 for software giant Microsoft ( MSFT), I asked rhetorically can its management survive another failure? I asked this because despite its dominance, the company has established a litany of failures over the past decade -- all under the watch of its current CEO Steve Ballmer who many analysts would love to replace if they were members of the company's board.
|Microsoft's CEO Steve Ballmer|