Word: analysts
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Imagine, then, the, er, disappointment that must have been building in chairman Bill Gates' office as membership in his main competitor, America Online, soared to 9 million, while MSN's stalled out at 2.6 million. Making matters worse, MSN has hemorrhaged money--according to one analyst, up to $250 million as of last year. By last week rumors were flying through Wall Street that Gates was ready to put his online flagship on the block. A Web journal, TheStreet.com even posted a suggested retail price--$1 billion, about what AOL paid for CompuServe--and quoted an unnamed Microsoft executive...
...chipmakers had developed any number of ways to etch aluminum, no one had yet figured out how to etch copper. Doing that, IBM suspected, would require inventing a whole new kind of chemistry. Doing that became something of a Holy Grail within the industry, says Drew Peck, a semiconductor analyst at Cowen...
...than 200 businesses around the world. SIIC is owned by the Shanghai city government. Not to be ignored is the fact that China's State President, Jiang Zemin, is a former mayor of Shanghai. "The name of the game in China is relationships," explains Kent Rossiter, a senior investment analyst at Nikko Securities Co. (Asia). "Shanghai Industrial's connections are fantastic...
...headquarters in Rio de Janeiro but at government ministries in Brasilia. In the past this has led to overstaffing and inefficiencies that could hinder the pace of future growth. "There has to be a change of mentality from being big to being more profitable," notes Ana Siqueira, an energy analyst with Icatu, a Rio de Janeiro investment bank. The best way to do that, it appears, would be to bring in more shareholders. --Reported by Daniela Hart/Sao Paulo
...reading test discriminates against students who don't read English. Feelings run so strong in the House that virtually all members of the left-leaning black and Hispanic caucuses plan to vote against the tests this week. "If national testing went down in flames," says Chester Finn, a conservative analyst at the Hudson Institute, "it would be because those on the right couldn't stand the word national, and those on the left can't abide testing...