Word: bargainers
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...Estee Lauder CEO Fred Langhammer, who has been mulling his Net strategy since last year, is smelling like a rose as he snaps up premium Web real estate at a bargain price. His reported $20 million purchase of gloss.com cost half what it would have to build a similar site from scratch. As many as 13 Lauder brands will be available on the revamped site early next year. Additionally, department stores such as Macy's and Neiman Marcus can play host to "micro-sites" for those brands on their own Web premises. But why didn't Lauder buy Eve.com currently...
...simple explanation: Nokia's phones work well and look great. The company, notes Josephthal & Co.'s Mirva Anttila, was the first to recognize that different models would appeal to different market segments--teenagers, the fashion-conscious, bargain hunters and mobile professionals. The 2100 series, unveiled in 1994, was its breakthrough product, the first with changeable face plates and an attractively curvy design. Nokia reinvented the mobile phone as an accessory that more and more people just had to have...
...Bush is said to believe him. The worst moment was Bush's. At an event designed to show mutual admiration, the G.O.P. nominee ducked a question about the Rev. Pat Robertson, who recently warned that McCain would be a "very dangerous" Vice President. McCain, though disappointed, understands the bargain Bush has made with the preacher. "Would I have preferred if he'd said Robertson is a turkey? Sure!" McCain says. "Obviously he didn't want to confront Robertson. But why should I get mad about it?" The answer is, he shouldn't. That's what saying "I endorse...
...Inexhaustibly, it seems. Either somebody up there likes the Clintons, or they have made a Faustian bargain...
...give up and sell out, either. But do make adjustments. Boring as it seems, there just is no substitute for a diversified portfolio and a long-term view--with a little cash set aside in case the market really spills and you want to bargain hunt. At worst, day trading is pure gambling, and at best, it's an effort to time the market. Neither works for long...