Word: buyer
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...million when he surprised other investors by selling the stock. He made one of his biggest killings early this decade. LeBow had bought the Western Union money-transfer business in 1987, and watched his company sink into bankruptcy in 1991. Then, amazingly enough, he managed to find a buyer for the business a couple of years ago, which allowed him to pay off old debts and emerge with some $300 million in cash--his springboard to the skirmish with RJR and a rejuvenated raiding career...
...loony bin at Disney for Hilton last year, he quickly developed a new strategy for the well-known but mediocre company. In lodging, he wanted to expand Hilton's traditional presence in the full-service-hotel sector in the U.S. and abroad. In gaming, he saw Hilton as a buyer in an industry that was consolidating. To finance acquisitions, he would take advantage of low interest rates and Hilton's strong balance sheet...
...auction and nobody bid? When Vincent Van Gogh's Jardin a Auvers went on the block at Paris' posh George V Hotel, auctioneer Jacques Tajan brought the gavel down on a supposed bid of $6.4 million. After the sale, however, Tajan admitted he had merely pretended to have a buyer; in fact, not a single real offer was made. Why no takers? As Tajan put it, the painting has "an odor of sulfur" about it. Indeed, the 25-in. by 31-in. canvas has a long, troubled history. Supposedly painted by the penniless artist just days before his suicide...
...very surprised in your recent coverage of new electronic and computer gear [TECHNOLOGY BUYER'S GUIDE, Nov. 25] not to read about any of the dozens of technologies that Apple has put in its customers' hands. While I know that you can't list everything, it does make me wonder what other first-rate equipment your evaluation team omitted. And, of course...why? PAYTON FLETCHER Bad Schwalbach, Germany Via E-mail...
Regardless of how inexpensive and jaw-droppingly cool the Nintendo 64 game machine's 3-D graphics might be, for you to select this as the "Machine of the Year" doesn't make sense [TECHNOLOGY BUYER'S GUIDE, Nov. 25]. There is more to home computing than playing one of Nintendo's five neat-o video games. For family transportation, would you recommend dirt bikes as cheap, exciting alternatives to a minivan? TODD SPANGLER New York City...