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...many? Call it a bunch of drunken sailors nursing a hangover. When AOL and Time Warner first decided to merge, the dot-com love affair was raging and the stock of the combined companies was worth $290 billion, mostly thanks to the price of AOL. By the time the stock-swap deal closed a year later, the bubble had burst, AOL was back on earth, and even though AOL had technically been the acquirer (thanks to that high stock price), the new AOL Time Warner suddenly had a relative lemon on its hands...
TURBO TOOTHBRUSH Yes, it's expensive, but the makers of the Dental Air Force ($400) insist it makes sense to put your money where your mouth is. The toaster-size teeth-cleaning device, which you can buy online at www.dentalairforce com attacks plaque with a jet stream of air, water and cleaning fluid in a power wash. It's definitely a gizmo that only a dentist could love...
...drama requires that the protagonist suffer setbacks. So it is only fitting that DoCoMo's once-soaring fortunes have been flagging of late. The fevered rate at which Japanese were signing up for service is slowing, as is average usage. Muscular competitors, including Vodafone, the largest cell-phone com-pany in the world, have stolen away customers in Japan's $70 billion home market. Meanwhile, efforts to expand internationally, considered crucial to DoCoMo's future growth, have been hamstrung by uncertain consumer demand for advanced third-generation wireless services and the global meltdown in telecommunications stocks...
...protect its lead, DoCoMo has been forced to spend more in sales commissions and handset subsidies, narrowing profit margins. Compounding the com-pany's problems is a disturbing dip in the all-important average revenue per user, called the ARPU in industry lingo. Thanks in part to i-mode, Japan's cell-phone users spend more on wireless services than their counterparts elsewhere in the world?about $63 per month compared with $53 in the U.S., for example. But recession-weary Japanese are cutting back on spending by going without or substituting cheaper wireless e-mail for expensive voice calls...
...When the dot com companies were thriving, we couldn’t hire any Internet techology specialists. Now they are finding Harvard a much more attractive place,” Walker laughs...