Word: analysts
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...shipbuilding are going out of business. Unlike the U.S., Western Europe has been slow to find high-technology replacements. Businessmen must cope with extensive bureaucratic controls and high social welfare costs, the legacy of postwar obsession with creating economic security for all citizens. Says Henry Ergas, an economic analyst at the Paris-based Organization for Economic Cooperation and Development, an association of 24 industrialized countries: "Americans are finding some of the answers in some body's garage, but Europe has no such free market in industrial ideas. Europeans are trying to figure out how to reconcile change with their desire...
This was the second meeting of OPEC ministers in a month, the sixth in a year. Yet the sessions have done little to halt the tumble of oil prices on world markets. Constantine Fliakos, chief international oil analyst with Merrill Lynch in New York, said OPEC's "pretense to try to reassert control over the oil market is a joke." The Geneva meeting, he said, "is a display of impotence...
...break into the black. (A full-page, four-color ad now costs $31,000, compared with $75,000 for a black-and-white page in the Wall Street Journal.) "The challenge facing USA Today is to get the circulation to 2 million or above," says John Morton, a newspaper analyst at Lynch, Jones & Ryan, a securities firm in Washington. "Gannett has established there is a market for the paper. Now the question is, is it going to be a market that is profitable...
...most frustrating sport simply irks some players, including the intense Woods. "It's soooo programmed," says another player. "It's a strategy, but you know what? It's a damned good strategy because it's working." When asked about Mickelson's image, golf Hall of Famer and NBC analyst Johnny Miller breaks into a show tune. "Hah-lly-wood," he sings. "It's all Hollywood, man. Phil's a smart guy like that." Mickelson has no answer to accusations of excess gregariousness: "I don't really have anything to say. I really don't know what...
...chips 24 hours a day. And unlike PC manufacturers and retailers, who have to deal with wafer-thin margins, Intel--thanks to its dominant position--enjoys a 55% profit margin on every $300 PC chip. "Most companies would kill to get margins like that," says Nathan Brockwood, senior analyst for Insight 64, a Silicon Valley research firm...