They could be right, but I still have to go with Compaq buying Digital. Just about everyone working in IT in my area thought that was a crazy move by Compaq.
The Compaq acquisition made sense - it gave an upstart in Houston the distribution it needed to expand into enterprise and survive in an increasingly commodified PC and Server market.
I dunno, look at the numbers in TFA. TFA is a bit lengthy, but worth the read. I think Compaq bought Digital in good faith, even if it went poorly. Whereas even an idiot like me can look at those numbers (in summary, you could buy Disney for the same money) and see Ellison buying a new toy for Junior to play with, rather than a well-thought business deal.