Word: dotcomism
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...wasn't bad enough that the tech boom brought the scourge of casual dress to corporate America. When the dotcom companies eventually imploded, they also managed to depress the rest of the economy and, with it, the already defeated spirits of menswear retailers. Men jittery about their jobs were hardly inclined to purchase new khakis and polo shirts, let alone suits, which, because they cost more, are far more lucrative for the industry. But after several straight years of decline, the menswear industry is showing signs of improvement...
...past six months, Silicon Valley has been abuzz with the prospect of the first blockbuster public offering in the tech sector since the dotcom crash: the IPO of search-engine giant Google, expected this month. But Google founders Larry Page and Sergey Brin seem to be doing their darnedest to dampen the hype. The company last week gave an unusually bullish official estimate of its opening share price: $108 to $135 a share, or more than 150 times annual per-share profit. (Most large companies average about one-seventh of that.) Google watchers were split on the reason. Either Page...
Searching For Billions For the past six months, Silicon Valley has been buzzing with the prospect of tech's first blockbuster public offering since the dotcom crash: search engine juggernaut Google's IPO is expected in a couple of weeks. But Google founders Larry Page and Sergey Brin seem determined to spoil the party. Last week the company gave an unusually bullish official estimate of its opening share price: $108 to $135 per share, or more than 150 times annual profit per share. Historically, most large companies average about one-seventh of that. Google watchers were split on the reason...
...being made available, and each of those will have one-tenth the voting rights of a share owned by Page or Brin, who are set to earn a one-day profit of up to $130 million each, and become billionaires - at least on paper. Who says the days of dotcom wealth are dead? Much Ado About Doing Nothing So what if the 35-hour week is holding back economic growth. Less is more, according to Corinne Maier, who praises France's laid-back work ethic in her satirical book, Bonjour Paresse (Hello Sloth: The Art and Necessity of Doing...
...some very smart people as well. "The dotcom generation loves poker. It gives you a sense of control you don't find in other games," says Howard Schwartz, the proprietor of Las Vegas' Gambler's Book Shop. "It's a roller coaster with an adrenaline high." Schwartz links poker's popularity to a natural migration from other games. "Blackjack players have gone to poker because the casinos are breathing down the necks of anybody who counts cards or increases their bets substantially. They're so afraid that these M.I.T. kids are going to take them down for a million dollars...