Word: analysts
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...Largely spared by the violent sell-offs of the past few months, fiber optics - which tends to overlap with networking companies like Cisco and Juniper Networks - was considered by NASDAQ types to be "one of the last bastions of strength in the market," in the words of one analyst. Not any more...
...includes, it turns out, funding new businesses and laying waste to those that disappoint. On Wall Street, day traders and fund managers continue to smart over this year's natural--even desirable--bursting of the speculative tech-stock bubble. "The Internet really turbocharged everything," says Marshall Acuff, chief equities analyst for Salomon Smith Barney. "It was the infinite expectations for the Internet that pushed excitement to the ultimate level...
...some analysts say CyberWorks' problems go deeper than short-term stock volatility. Several strategic joint ventures aimed at turning the younger Li into Asia's most dynamic multimedia baron have failed to materialize in recent months. One deal was intended to enable CyberWorks to distribute Chinese-language content to the mainland. CyberWorks has also been unable to persuade Japanese Internet giant Softbank to distribute its Network of the World (NOW), a broadband Internet service delivered across Asia to television sets, computers and wireless devices. "This suggests it isn't as attractive as its potential partners once thought it was," says...
HENRY BLODGET Obscure stock analyst rockets to fame in late 1998 with prediction that Amazon will reach $400 a share. TRUTH: Media buzz catapults the unadjusted stock price to $355 CONSEQUENCES: Amazon falls back to earth; so does Blodget...
...rankles, reminding voters of the ugly noises from the past four or five years in Washington, the showdowns and shutdowns. The less partisan voters, says the campaign, like Bush's happy soundings of cooperation. "Among swing voters, they don't care about the party labels," says Bush's polling analyst Matthew Dowd. "They want things solved...