Word: dotcomers
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...first Chinese-language search engine, surprised critics by turning profitable in the third quarter of last year. For the second quarter of 2003, it posted a stunning $7.5 million profit on $19.3 million in revenue. But the climb has not always been smooth. During the shake-out following the dotcom crash, shareholders questioned the company's heavy dependence on banner-ad revenue. Hostile board members and disgruntled investors wanted professional management to replace him. Zhang says his nonconfrontational style helped him hold on, but the experience "was the worst sort of psychological torture." Short-messaging service, which helped the company...
...That's more than twice the $385 per user at Telecom Italia. The company forecasts a pretax loss of around $300 million for 2003, but Scaglia expects to break even in 2005. He's proving that it can pay to be a technology maverick--even in the post-dotcom era. --By Mark Halper
...Internet boom has not missed Dean. Rather, it has handed him a bonanza of cash and buzz that would make most 1990s dotcom veterans--and politicians--weep. In the past three months, it was revealed last week, Dean has raised $7.5 million, $1.5 million more than his nearest Democratic rival, Massachusetts Senator John Kerry, nudging Dean into the top tier of Democratic candidates. Two-thirds of all Dean contributions were made online. And as often happens in politics, bucks begat the Big Mo. A poll in the first caucus state, Iowa, released last week put Dean in second place...
...Bahal: The government just couldn't believe that journalists would be foolish enough to do such a big story without an ulterior motive. They tried to blame the whole dotcom crash on us! They scared away our investors. At one point I had 10 bodyguards assigned to me. After a while, it became distasteful...
Think online grocers are forgotten relics from the dotcom boom days? Not so. Webvan, the e-grocery pioneer that was supposed to revolutionize the way people shop, is dead and gone, but the idea behind it lives on. According to Jupiter Research, consumers this year will buy more than $2 billion worth of groceries online--more than three times what they spent in Webvan's heyday back...