Word: amazon
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...since Bill Gates took Microsoft public in 1986 has Wall Street witnessed anything like the wealth-creating power of today's Internet stocks. Consider Amazon.com an online bookseller that has lost more than $30 million since 1995 with nary a penny of profit in sight. No matter. Amazon's $5 billion in market value exceeds the combined capitalization of Barnes & Noble and Borders Group, the two largest U.S. bookstore chains. The rise of No. 1 search engine Yahoo has been no less phenomenal. It stood at $181 a share last week after reporting second-quarter earnings of $8.1 million--following...
...operating basis. Add to this the fact that any takeover targets would be happy to get Yahoo's gold-plated stock. How would you spend the money? Even product development cost only $5 million last quarter, which must buy a lot of server tweaks and Java applets. Noting that Amazon has a similar war chest, our best guess for the bucks: Look for Yahoo's $20 million marketing budget to go into Superbowl-style overdrive. Maybe they'll even start mailing out disks...
...have yet to embrace large-format films. The company now has some 20 big-screen projects in the works on subjects ranging from T. Rex (shot by Lawnmower Man director Brett Leonard) to (shhh, the deal isn't final yet!) Star Trek and 3-D animation. A recent release, Amazon, is a story of tribal shaman Julio Mamani and ethnobotanist Mark Plotkin...
Greg MacGillivray, producer and director of Everest, believes IMAX films like Amazon will revive the old concept of "films as road shows," with megasize movies rotating among 100 or so theaters and attracting residents from miles around. "I think you'll see them in every city with more than 300,000 people and in some cities with fewer than that. With nonfiction stories in spectacular settings, it will work really well," he predicts...
...working in a print shop in Keokuk, Iowa, is dazzled by a book about exploring the Amazon, by a ship captain named William Lewis Herndon. The kid, who is fizzing with light-out-for-the- territory restlessness, quits his job and hops a steamer for New Orleans, hellbent to board the next boat for the Amazon's mouth. But no boats are headed there, then or later, so young Samuel Clemens is stuck with writing about the Mississippi. There is only the most tenuous and delightful of connections with another kid, in Defiance, Ohio, a century later. This fellow, named...