Word: corpe
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Perhaps the managers at Tandy Corp., based in Fort Worth, Texas, should have heeded another aphorism: the bigger they come, the harder they fall. That describes roughly what happened last week when Tandy, which also owns Radio Shack and Computer City, acknowledged that Incredible Universe was really an incredible flop and pulled the plug on the entire 17-store operation. The closings, plus the stores' losses, totaled some $230 million and completely wiped out Tandy's profits for 1996. "Maybe," says retail analyst Lynn Detrick of Williams MacKay Jordan & Co. of Houston, "this does suggest that you can take...
...without men like al-Tamimi, who says he organizes attacks for several insurgent organizations, ranging from hard-core jihadis like Abu Mousab al-Zarqawi's al-Qaeda operation in Iraq to more obscure Iraqi nationalist groups. "These are the guys who supply the intel and networks," says the Rand Corp.'s counterterrorism expert Bruce Hoffman. "They are the terrorists' trump card--and our Achilles' heel...
Since 1999 the throw weight of conventional advertising has been ineffective at stopping a steady slide in regular-cola consumption, which is falling by more than 6% annually. "People are reaching for products they perceive to be healthier," says Gary Hemphill, director of Beverage Marketing Corp., a research firm based in New York City. So when Neville Isdell, 62, came out of retirement last year to become Coca-Cola's CEO, the 35-year Coke veteran had an understandable thirst for change...
...Fokker) and a 37% stake in Japan's inept Mitsubishi Motors. Those and other investments drained management's attention and the company's account; Daimler's share of Mitsubishi's 2002-04 losses totaled more than $1 billion. The company's biggest acquisition, the $36 billion purchase of Chrysler Corp. in 1998, remains deeply controversial. The market value of DaimlerChrysler, the combined firm, is about one-third less than when the merger was announced. "They frittered away their cash," says Helmut Becker, a former chief economist of rival BMW, who works as an industry consultant. "If they hadn...
Hiroshi Take, one of the managers of Sharp Corp.'s latest and most advanced television factory, beams like a proud father. The gleaming white $1.4 billion Kameyama factory, 260 miles southwest of Tokyo, came online last year and is cranking out thousands of Sharp's hot-selling large-screen flat-panel Aquos TVs per month. Flat TVs are going to be critical in the battle for market share among electronics companies this Christmas season, and Sharp is exceptionally well armed...