Word: dotcom
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Dates: during 2000-2009
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...inalienable rights to life, liberty and the pursuit of litigation. Even the talking heads on CNBC are being dragged into the fray. A pediatrician in New York City recently filed an arbitration claim against celebrity analyst Henry Blodget, accusing him of keeping a "buy" rating on a downhill dotcom because his employer, Merrill Lynch, was underwriting a merger pegged to the company's share value. Merrill Lynch insists Blodget did not know about the impending merger...
...part by riding his daughter's image as far as it will go. Now 16, Aimee graces Aimster's home page in a split evening dress, Britney Spears hairdo and a camera-melting pout, under the slogan "Can't Touch This!" She has become a figure of worship in dotcom offices. It's hard to tell exactly how much her presence has affected downloads, but more than 4.4 million people now use Aimster, and 200,000 more join every week...
Like a lot of other dotcom executives, Bob Davis no longer is one. But in his case the choice was his, not that of angry shareholders and VCs. Davis burst onto the Internet stage in 1995 with that perky little search engine cum portal Lycos and made it profitable, even as others scrambled for revenues. Lycos beat earnings estimates for 19 consecutive quarters. Last October, as dotcoms melted, Davis pulled off a masterstroke, selling the company to Terra Networks, a subsidiary of the Spanish telecom giant Telefonica, for more than $5 billion, including $2 billion in cash...
...getting cold out here. A formation of geese is hooting its way north, so that must be north. Dotcom companies are going south, so that's south. East is east, and west is over there. That's about as close as I can come to identifying our position. sos.? Mayday? Anne Tyler's new novel, Back When We Were Grownups, opens with this sentence: "Once upon a time there was a woman who discovered that she had turned into the wrong person." Anybody recognize this place...
Maha Hermes spends a lot of time thinking about her future these days. A casualty of another dotcom debacle, the 33-year-old event planner lost her job last month. She was disappointed, of course, and worried about when she would find another position. But among her first concerns was figuring out what to do with her retirement savings. She has plenty of company: more than 400,000 workers have been fired since the beginning of January, and the layoffs keep piling...