Word: dotcomism
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...Obuchi's pump-priming efforts, however, the economy has barely begun to inch out of its decade-long doldrums. There have been some timid signs of a recovery: the stock market is booming, companies are restructuring, dotcom fever is starting to catch on. But the economy slid back into a recession last year and unemployment, once unheard of, is at an all-time high of 4.9%. Rather than pushing for the serious structural reforms that the country desperately needs, Mori is likely to offer more government largesse in order to beef up his popularity during...
...That makes Windows not just a monopoly, but a highly strategic weapon as well. It gives Microsoft an unequaled platform from which to launch new products, and it makes it easy for Gates to intimidate other tech companies into doing things Microsoft's way. Software writers, chipmakers and dotcom companies all have a lot to lose if they don't stay on Microsoft's good side...
...Rick Neely could only hold on tight. Neely, the interim chief executive of Beyond.com a struggling software seller, had 200,000 options priced at $7 a share riding on every lurch. Last April, when Beyond.com stock hit $37, such options would have been worth $6 million--chump change by dotcom standards but far better than last week's figure. With Beyond.com down to $3.75, his options were "under water"--worthless. "The drop this week was so dramatic, you can't even comprehend it," says Neely, who took over in January after the previous CEO quit. "Everyone is dealing with...
...competent HR person can also help establish some basic personnel policies and practices that are important but often missing at a dotcom, Bernard says. Everyone should have a clear job description, for example, and undergo routine evaluation so that there's no confusion (or surprise pink slips) and the company can make sure it's got all legal bases covered. Rewards should be doled out fairly. Handing out raises or shares "willy-nilly," Bernard says, creates resentment among the staff...
Does all this mean that the dotcom world is fated to dissolve back into the conventional business world, just dressed in chinos? Don't bet on it. But the new dogs will have to learn some old tricks, and some of the old dogs are just the ones to teach them...