Word: demande
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...other e?readers out there - the first-generation version doesn't even have a touchscreen - but it offered one advantage key to saving publishing: every device can connect to a high-speed data network, virtually anywhere, and download books and periodicals easily and cheaply. I've grabbed books on demand from my bed, bath and beyond, and that more than compensates for the gadget's awkward interface...
...transistors. Recently I got a look at a Plastic Logic prototype. Like the iPhone, it's little more than a touchscreen, 8.5 in. by 11 in. (22 cm by 28 cm), linked wirelessly (like the Kindle) via a high-speed cellular network to a store that will support on-demand transactions of under a dollar. There are just two problems. Because everything about Plastic Logic's device is new, right down to a fab plant built in Dresden that's churning out parts, the first model won't reach consumers until 2010. And version 1.0 will render text in standard...
...boards of GM (GM) and Ford (F) have also been singled out because they willfully refused to prepare for the demand for fuel-efficient vehicles. Management at these companies went for the easy money by building large SUVs and pick-ups when fuel prices were low. That was hardly a good five-year plan as the results of the last several quarters have proven. (See pictures of the global financial crisis...
Each of these four companies has directors who chose not to ask hard questions and demand answers. How does a bank that was making $1 billion a year suddenly make $10 billion? How does a car company that nearly went out of business when oil prices rose sharply over three decades ago decide to reduce spending for the development of fuel-efficient vehicles...
...that the newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could have been ineffective. That does not mean that the board should have given up its fiduciary responsibilities. Members...