Will TI + NSC be less than, greater than, or equal to the individual parts?

Bill Schweber, EETimes
4/10/2011 8:13 AM EDT

Now that the initial wave of analysis and comments on the proposed acquisition of National Semiconductor Corp. by Texas Instruments has crested, I thought I'd add my views to the next round of opinions. Will the acquisition be a success, a mistake, or mixed event?

 Long story short: I don’t know, nor does anyone else know with high certainty. But I do have some perspectives on acquisitions in general, and high-tech ones in particular: I think that they are often less than successful, in most cases. Why? I have these reasons:

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