Word: aol
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Dates: during 2000-2009
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...down 1%. None of the major averages have dropped to their September low, though the NASDAQ 100 (made up of the biggest stocks on that market, including Microsoft and Intel) is close. And already 1 in 8 stocks in the S&P 500 is below those September thresholds, including AOL Time Warner (which publishes TIME), Corning, EDS, Halliburton, IBM, Lilly, Merck and Verizon, reports Salomon Smith Barney...
...getting bigger to achieve economies of scale. By 1995, LDDS counted many of America's largest corporations as customers for its vast voice and data network and, after buying IDB, grandly renamed itself WorldCom. It then acquired UUNET, one of the world's largest Internet hookup firms, along with AOL's Internet networking division. Ebbers then brashly outbid British Telecom to grab MCI, using as currency his WorldCom stock, whose value skyrocketed 7,000% during the 1990s...
...your report "The Engine Stalls at AOL" [BUSINESS, April 22]: My family just dropped AOL in favor of MSN. Getting through to AOL proved to be more difficult than talking to someone at the White House. AOL seems to have copped the attitude that "we are the biggest, and we don't give a damn what you think of us." Getting online took forever. Now that we have a new service, we have not had one problem, and we are online instantly. Perhaps AOL should take a cue from its competitors on how to treat its customers and not focus...
...surprised that AOL is experiencing difficulties, since I know how wasteful its marketing strategy is. I have a huge pile of free-trial AOL CDs that were sent to me despite my having repeatedly told AOL that I am very satisfied with my present Internet provider. NICK GODWIN Edinburgh...
...investing strategy, buy and hold has never been more suspect. Giant companies now collapse in scandal, like Enron; fall woefully behind in technology, like Polaroid; succumb to litigation, like Halliburton (asbestos); or get whacked by overpriced deals, like AOL. Are there still stocks that you can throw in a drawer and sleep well for years? Or has investing got so hopelessly complicated that individuals shouldn't try to go it alone...