Word: fedex
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...spotty. Like Runaway Bride. Not only wasn't it as good as Pretty Woman, it rivaled The Haunting for the I-want-my-money-back award of the summer. Even five screenwriters couldn't come up with a decent joke--the only good gag was so contrived that a FedEx truck had to appear out of nowhere for the damn thing to work. And poor Julia Roberts and Richard Gere. In Pretty Woman, they both clicked so perfectly--man meets hooker, man falls in love with hooker, hooker becomes princess. In Runaway Bride, it's more like schmuck meets ditz...
...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...