Word: dotcomism
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...WHITMAN President and CEO, eBay Though most dotcom bosses can't get an investment bank to return their phone calls these days, Whitman and her company are held in such esteem that she has been named to the board of Goldman Sachs. Whitman, 44, joined eBay in 1998 and applied the lessons she learned at such old-economy firms as Hasbro and Disney. She did adopt some New Economy habits. Rather than preside from an office, she sits in a cubicle among her employees. Whitman was once criticized in Silicon Valley for stressing profitability over growth, but many...
Amid all the dotcom disasters, online booking services are proving to be excellent clearinghouses for tour operators and resorts. Expedia, Priceline and Travelocity all became profitable this year. Although their businesses have been hurt since the attacks, analysts point out that their low cost structure gives them long-term advantages. Expedia, currently 70% owned by Microsoft, just inked a partnership with online retail powerhouse Amazon...
That's a self-serving view, but it's one shared by independent analysts. The volume of digital information--transaction data, e-mail, video images--that companies collect and store continues to double every year in spite of the dotcom wipeouts. "It is the only recession-proof area from a capacity-demand perspective," says Steve Duplessie of the Enterprise Storage Group, a research firm based in Milford, Mass. "Nobody ever needs less storage...
...sure, Latin America has seen its share of dotcom flameouts and busted deals. Last month Telefonica of Spain withdrew its takeover bid for a Brazilian cellular company, citing financial fallout from the terror attacks against...
...rousing success or a quagmire, whether terrorists strike again or people begin to feel safe, whether we're deluged with battle video or it unfolds in secret. We may be entering a recession too, which produces a different culture from the optimistic boom times that gave us snarky dotcom ads, boy bands and upscale sitcoms. The last recession saw the rise of downscale TV families on Roseanne and The Simpsons and downscale grunge rock. Might a downturn--and the sight of heroic fire fighters giving their lives in Manhattan--mean a return of the working-class hero...