Word: downturn
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...credits the downturn to changing expanded economic opportunities for teens during the boom times of the 1990s and the increase in condom use by teens as awareness of HIV and AIDS grew...
...headquarters in Munich, you would never know there was a downturn. First-quarter sales set records, and April sales soared 30% over last year's numbers. In North America, BMW overtook Mercedes for the first time. BMW executives have announced a plan to expand their selection to 76 models from 70. They expect to sell 200,000 units, up from 189,423, and increase their share of the luxury-car market. "I cannot recall ever having seen such a clear correlation between size and success," BMW chairman Joachim Milberg wryly told a Detroit audience. "At the moment, it seems...
Another firm raking in cash from the tech downturn is Overstock.com based in Salt Lake City, Utah. Overstock is the world's first purely e-tail site to break even, a feat achieved after burning through just $27 million in venture capital--pocket change in Silicon Valley. Overstock, which buys surplus tech products at liquidation prices and sells them to consumers at an average 60% off the retail price, is best known as a "vulture" site, raking over the bones of deceased dotcoms and snapping up $44 million of their equipment...
Like VCE, Byrne has found a niche, as manufacturers routinely overproduce by 5% to 10%, a figure that naturally rises during a downturn. Nearly all his surplus items are produced in such small numbers that neither chain stores like WalMart nor catalogs will touch them. The only place such dribs and drabs can go is online...
...questions last week. But it's no secret that Alcatel has long had a fixation on making a splash in America, from which it currently gets just 22% of its sales. Sure, it's a huge market for telecom equipment, but that's not all. Even after the recent downturn, the U.S. stock market remains a deep pool of capital. Alcatel has already tried raising its U.S. profile this year with an ad campaign featuring, to the disdain of civil rights groups, footage from Martin Luther King Jr.'s "I have a dream" speech. The ads don't say anything...