Word: auctioneer
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Priceline, the company most renowned for reintroducing William Shatner to prime time, has come to represent both what is transformative and what is just plain annoying about the Web. Think of any overhyped Web term or concept: disintermediation. The auction economy. Virtual communities. Stupid TV spots. Priceline, based in Norwalk, Conn., is a poster child for these and other new- economy cliches, especially the one about how it doesn't need to make money today because it will make tons of it someday. Next year. Maybe...
...last week that prospect got more complicated for Priceline when major airline companies confirmed that they will invest in a website, to be called Hotwire, that will compete with Priceline to sell unused airline seats. Unlike Priceline, though, Hotwire will set prices rather than auction airline seats. The news, piled on top of weeks of dotcom doom, punished the stock, which finished the week...
Known as Allston Landing North, the 48 acres located directly south of the Harvard Business School campus were put up for sale by the Massachusetts Turnpike Authority (MTA) in a blind auction yesterday afternoon at the MTA Transportation building in Boston...
After the auction, University spokesperson Joe Wrinn pointed out that the last four digits of the bid price for the land--which Harvard's long-range planners are eyeing as the possible site for one of the University's graduate schools--were 1636, the year Harvard was founded...
Allston resident and former ACA President Ray Mallone, who was present at the auction, said the purchase will benefit Allston as well as Harvard...