Word: betting
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...Great One pull a fast one? JANET JONES GRETZKY, wife of hockey legend WAYNE GRETZKY, allegedly placed bets with a $1.7 million illegal-gambling ring in New Jersey. And Gretzky's assistant coach at the Phoenix Coyotes, Rick Tocchet, allegedly financed the ring. Neither Gretzky faces charges in the investigation, which authorities call Operation Slapshot, although she may be a witness before a grand jury. Tocchet's lawyer says he is innocent of all charges. Despite his proximity to the case, Gretzky says, "I didn't bet. Didn't happen. Not going to happen. Hasn't happened...
...Page reason, people will start to wonder about the search results, whether they are skewed to help Google's bottom line. And once people wonder about that, the whole model--of this innovative, seemingly trustworthy company--is compromised. Do the Google guys pay attention to what people think? You bet. During our interview, Brin pops out to look for the December copy of Wired. In 2004 the magazine had put him and Page on the cover with the adoring line GOOGLEMANIA! The recent cover, by contrast, includes the line GOOGLEPHOBIA: WHO'S AFRAID OF SERGEY? (WHO ISN'T?), touting...
...masse after it reported an 82% increase in its fourth-quarter profit (below the market's expectations) and again after Google said it was launching a heavily censored Chinese-language site. Plus Google faces tough competition from big players like Yahoo!, which is making a dramatically different bet on the Internet's future, and Microsoft, which plans to challenge Google in search and advertising. The Google guys are feeling the heat. "I worry about Microsoft," Brin told TIME. "I don't worry about competing with them, but they've stated that they really want to destroy Google. I feel like...
...sure, many Google watchers are still gaga. Safa Rashtchy, a managing director of investment firm Piper Jaffray, says he expects Google shares to reach $600 by the end of this year. But the big bet behind the lofty share price--that Google can keep up its torrid rate of growth--is far from a sure thing. At last week's close of $363 a share, Google's P/E ratio (stock price divided by earnings per share, a measure of expected profits) is a whopping 76. Compared with the average of about 20 for S&P 500 tech stocks, Google...
...hadn't realized it was such a big deal," says McCaughrean. "But I thought, No, I'm damned if I'm going to be daunted. I'll just enjoy myself." Why McCaughrean? The identity of the other competing authors is a strict secret, but it's a safe bet that the trustees of London's Great Ormond Street Hospital for Children (gosh), to whom Barrie bequeathed the royalties of Peter Pan in 1929, had more bankable names than hers to pick from. She jokes that fame has eluded her because her name is hard to pronounce (say Ma-cork...