Word: corps
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Dates: during 1990-1999
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...minimize transaction costs ("friction" in e-commerce-speak) and eliminate the need to operate bricks-and-mortar stores. Online auctions "wring out the inefficiencies in the supply-chain process," says FairMarket CEO Scott Randall. They also benefit from Metcalfe's Law (named after Robert Metcalfe, the founder of 3Com Corp.): the value of a network increases by the square of the number of people on it. Every time a conventional online retailer adds a new user, it's just one more person who can buy its products. But every time eBay adds a new user, he can buy from...
...websites have sprung up to showcase amateur movie shorts. All of which has led experts to believe we're in for a DV Christmas. "There's a demand for video editing among consumers if it can be done easily and elegantly," says Kevin Hause, an analyst at International Data Corp. "When you look at what that takes in terms of computer speed and power, we're there...
...Keenan points to Minoru Makihara '54, the head of Mitsubishi Corp., as a pivotal figure in Harvard's Asian fundraising...
...made his first million by selling a design for an electronic translator to Sharp Corp. He was so absorbed in the process that he forgot to wheel his Porsche over to Berkeley city hall for his own wedding. He founded Softbank Corp. in Tokyo in 1981. Legend has it that after he stood atop a crate and ranted about the company's future domination of the PC industry, his first two employees quit on the spot. Despite that vote of no confidence, Softbank went on to become Japan's leading software distributor...
...would have grown to just $49,923, according to the Center for Research in Security Prices at the University of Chicago's graduate school of business. Incredibly, there were more than a few outright losers, including Acuson (-46%), Battle Mountain Gold (-83%), Russell Corp. (-51%) and Toys "R" Us (-29%). Many others were gross laggards (Fluor, International Paper, Kellogg, Reynolds Metals, GM). The analysts messed up by taking Pepsi (+260%) over Coke (+599%), Unilever (+165%) over Gillette (+558%). And a couple of stocks (Waste Management and Compaq) blew up just this year...