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Imagine how valuable it would be to own the principal directory of Internet domain names. Network Solutions, the Herndon, Va., company that's had the exclusive right to sign up dot-com names for the last five years, is worth more than $2 billion in today's stock market. But who really owns the "whois" directory...
...think UPS doesn?t know that. At a time when the Great Dot-Com Shakeout has seemingly begun, casting doubt on money-losing e-tailers like Amazon.com, the Street still knows that somebody?s going to get rich selling stuff online. Which makes a safe bet like UPS ?- the guys who deliver it to you ?- doubly attractive. "They?re obviously cashing in on the Internet craze," Kadlec says. "They?ve waited 92 years, and they have no desperate need for the cash. This is just too good an opportunity to pass up." Nobody deserves a little taste of Internet riches...
Here's the pitch: capitalism thrives on the reduction of friction, and the Web is the most effective friction reducer since the assembly line. The dot-com revolution hit first for consumers; as soon as Amazon, for instance, put millions of discount books within buying reach of anyone with a modem and a credit card, ordinary bookstores had to change or die. "E-markets have had a very significant impact," says Tim Minahan, an e-commerce analyst for the Aberdeen Group. "And you're going to see that on the business side as well...
...This is an entirely new situation for Net investors. In the past few years they have had little choice but to bid against rabid techies for the same handful of precious stocks, driving prices through the roof. Wall Street reacted as expected: by underwriting stock deals for every dot com in sight. A flood of new shares hit the market this year, and now the scarcity premium on Net stocks is gone...
...about his six-year-old son Junior's field trips (Kid Rock is a single dad) are notes like FLY TO L.A. FOR LENO/MTV. Supermodels and limo companies are calling, offering their services. Right now he's talking to a recently won-over fan: his mom. "It's www.kidrock. com," he says, directing her to his website so she can follow his hot career more closely. "There's no space between the kid and the rock. One word...