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...concessions for the big bucks. Add to that the fiscal drain of shutting down "older" multiplexes (relics around for a decade), and it's no wonder that the bottom lines of leaders like AMC, Loews Cineplex and Carmike are getting bad reviews. "It's going to be ugly," says analyst David Londoner at Schroder...
What we realize now is that Agassi's aren't mere comebacks; they are reinventions. In 1994 he reappeared as the Zen Master. Refreshed by the analyst's couch and the preachments of coach Brad Gilbert, Agassi drifted through the U.S. Open draw, unseeded and unheeded, until he was the only one standing--a focused player on the court, a spouter of self-improvement blather off it. Hey, it was Deepak/Oprah...
Forrester Research of Cambridge, Mass., a leading Internet analyst, agrees. Its report, Resizing Online Business Trade, predicts that B2B e-commerce will hit a total of $1.3 trillion by 2003, accounting for 9.4% of total U.S. business sales. Varda Lief (see the box, following), a senior analyst at Forrester specializing in e-commerce, says business-to-business transactions will far surpass business-to- consumer deals and dwarf giants like eBay and Amazon.com in revenue and sales. "Business-to-business is the stuff that makes everything run," says Lief...
...Take Chemdex.com a vertical e-market based in Palo Alto, Calif., developed for the pharmaceutical and biotech industry in 1997. Chemdex is reducing sales and distribution costs industrywide by 20%--more than $4 billion of the total $20 billion global life-sciences research-products market, according to Volpe Brown analyst Finnie. "In effect," he says, "Chemdex is turning around to the chemical producers, and it is saying, 'Congratulations! This is your lucky day. You just won the lottery. Here's a check for $4 billion.' These guys have not seen their costs structure improved like this ever...
...make a significant dent on the East Coast, and his harshest critics may be on Wall Street. While sales have held steady, Media Arts' stock price dropped more than 60% since the beginning of the year over concerns that interest may have peaked. Says Shawn Milne, an analyst at Hambrecht & Quist: "This thing came raging out of the gate, and they're not crushing numbers anymore, so there's always the worry that it's just Beanie Babies again...