Word: dots
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Dates: during 1990-1999
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...think UPS doesn?t know that. At a time when the Great Dot-Com Shakeout has seemingly begun, casting doubt on money-losing e-tailers like Amazon.com, the Street still knows that somebody?s going to get rich selling stuff online. Which makes a safe bet like UPS ?- the guys who deliver it to you ?- doubly attractive. "They?re obviously cashing in on the Internet craze," Kadlec says. "They?ve waited 92 years, and they have no desperate need for the cash. This is just too good an opportunity to pass up." Nobody deserves a little taste of Internet riches...
...pulls up in her blue Saturn, I fake a confident smile: "This will be really cool." She looks skeptical as I plug in the car adapter ($120 from Port, based in Norwalk, Conn.) that will power my Toshiba laptop from her cigarette lighter. But right on cue, a green dot pinpoints our starting location on a detailed map and then morphs into an arrow as we reach the West Side Highway...
Forget hotdogs and burgers. Over the Fourth of July weekend, Billy Mitchell, 33, ate every dot, energizer and blue ghost on his way to scoring the world's first Pac-Man perfect game. The six-hour feat was witnessed by Twin Galaxies, which publishes a video-games record book. After completing all 256 levels, Mitchell, a Florida hot-sauce manufacturer who also holds the world's Donkey Kong record, promptly announced his retirement from Pac-Man competition. Junior Pac-Man, however, is another story...
Here's the pitch: capitalism thrives on the reduction of friction, and the Web is the most effective friction reducer since the assembly line. The dot-com revolution hit first for consumers; as soon as Amazon, for instance, put millions of discount books within buying reach of anyone with a modem and a credit card, ordinary bookstores had to change or die. "E-markets have had a very significant impact," says Tim Minahan, an e-commerce analyst for the Aberdeen Group. "And you're going to see that on the business side as well...
...summer. This is an entirely new situation for Net investors. In the past few years they have had little choice but to bid against rabid techies for the same handful of precious stocks, driving prices through the roof. Wall Street reacted as expected: by underwriting stock deals for every dot com in sight. A flood of new shares hit the market this year, and now the scarcity premium on Net stocks is gone...