Word: fedex
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Dates: during 1990-1999
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...year, when I made my first online purchase, the UPS yen resurfaced. By then the Internet had emerged as a retailing force. I even recommend buying shares of FDX Corp., parent of delivery company Federal Express, as an indirect play on the growth of online shopping. I still believe FedEx is a great stock. But it was the UPS man who had delivered my package. If only...
...betting the UPS brass doubled over in envy as they watched shares of rival FedEx nearly triple in a seven-month stretch, ignited by explosive e-commerce activity last holiday season. Kelly calls the market's valuation of Internet stocks "speculative" and says his planned IPO "is not the result of what any other company is doing." Still, Zona Research estimates 55% of the goods bought online during the holidays were delivered by UPS. FedEx got a mere 10%. UPS management must have imagined the possibilities. (The U.S. Postal Service, by the way, delivered 32% of e-packages, a strong...
...Internet. In the second quarter, reported last Thursday, its income jumped 28%, and the company forecast "a significant increase" in this holiday season's e-commerce. Last year UPS delivered 3 billion packages in 200 countries, earning $1.7 billion on sales of $24.8 billion--way bigger numbers than FedEx's. And there's no place in the U.S. that UPS doesn't go. If e-commerce grows 30% a year, as some predict, the impact on earnings will be dramatic...
...figured I'd present the whole thing as a learning opportunity. "Now what?" asked my wife suspiciously, when the FedEx guy unloaded a special Saturday delivery from Sony Electronics. "A Digital8 HandyCam Camcorder," I said evenly. "Reviewing it for the column." She then asked what "Digital8" is. Yessssss...
...investment made sense. He has been on the prowl for other retail businesses that fit Amazon's amazing model, and the health-and-beauty sector is six times as large as the book market. "Nobody likes going to the drugstore," Bezos jokes. This week PlanetRx, headed by former FedEx operations chief Bill Razzouk, is expected to launch its own vast shop, with such similar features as secure personal prescription records, online consultations, and e-mail refill reminders. The online health and beauty market should grow from $500 million this year to $6.3 billion by 2003, according to Forrester Research...