Word: firm
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Dates: during 1990-1999
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About 350,000 lucky cybernauts are already plying the online universe at warp speed thanks to cable modems, according to Jupiter Communications, a New York City research firm. That's a tiny few compared with the 27 million Americans plodding along with home-PC modems running at 28,800 to 56,000 BPS. But cable companies are pouring billions into upgrading their networks to handle data traffic over the same wire that brings you ER and championship bass fishing. Tele-Communications Inc., Cox Communications, Comcast and more than a dozen other cable companies offer a high-speed online service called...
...possible to have 3,600 corporations and no visible presence? Easy. All the real work is still performed back in the U.S. The companies merely hire a local firm to maintain their records, open a bank account, conduct that annual board meeting and provide an offshore postal address. "FSCs are transparent companies," says a longtime agent on St. Thomas. "They don't really exist." To comply with the law, companies send their already processed sales invoices, brochures and other export literature in boxes to St. Thomas for mailing. Perhaps 50 islanders, mostly low-salaried clerical help, work...
...potential controversy, however, is equally tremendous. It is illegal to use federal money for research that involves human embryos--leading both the Johns Hopkins and Wisconsin groups to seek funding from Geron Corp., a biotech firm based in Menlo Park, Calif. But staying within the letter of the law has not saved the scientists from attack. Biotechnology critic Jeremy Rifkin petitioned Congress last week to ban all privately funded research into embryonic stem cells so that there can be a "full investigation of the profound long-term social and ethical implications of the technology." Right-to-life activists chimed...
...Does management deserve a second chance? Put Dunlap in charge of a bloated company in trouble, and I'd buy the stock. (I'd also sell it within a year.) I also believe Henry Silverman, CEO of the marketing firm Cendant, will fix things in the wake of a disastrous merger with CUC International. His may be the ultimate display of agility. Silverman is selling chunks of the company he built, which is now worth more in liquidation than its value in the market...
Ever wonder why a firm's share price gets hammered even though its earnings surpass stock analysts' published expectations? Most likely, it failed to beat the "whisper" number that really matters on Wall Street--the one analysts apply privately, when they aren't trying to make life easier for their firm's clients. This earnings season investors can read more of the market's gossip at sites like whispernumber.com and www.earningswhispers.com...