Word: firmed
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Dates: during 1990-1999
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...Neal Rowe, a partner with the Bostonmarketing firm MetroConcepts, said the profitpotential of the music transformed hip-hop andcorrupted it in some ways...
...March, Harvard announced its affiliation with the Fair Labor Association (FLA), a monitoring organization designed to oversee several universities. According to PSLM, the University is also looking into independently hiring the accounting firm Price-Waterhouse-Coopers...
...only is the Internet not a high-risk investment, but it is also "absolutely the safest bet I know." He has been making this wager since 1994, when CMGI (then known as College Marketing Group) was still a company that hawked textbooks to college professors. He took the firm public and used the proceeds to invest in then obscure companies such as Lycos and Booklink--the latter of which he would later sell to AOL for $70 million. The soft-spoken, laid-back Connecticut native and Ohio Wesleyan University math major has never looked back, riding the trend...
Valuation questions aside, old-media and new-media firms have to link up. Nearly every old-media firm needs some kind of new-media footprint to distribute its content and capitalize on the e-commerce and marketing opportunities offered by the Internet. AT&T, for instance, controls Net portal @Home and cable company TCI. Last week it made a bid for Mediaone, another cable firm with investments in entertainment. Thus AT&T wants to deliver everything to everybody--from phone service to cable TV to e-commerce--over a variety of networks...
Sooner or later an Internet company will purchase a substantial, publicly traded real-world firm, and that will finally bring about in the financial markets the sort of convergence already under way on the desktop between the television and the PC. Wetherell is a firm believer in that convergence, and he points out that the companies currently in his incubation pipeline are poised to capitalize on the expansive networking possibilities and dizzying growth that increasing interconnectivity promises. "Look, traditional media is one to many--you publish a magazine, and it goes out to many. But on the Internet you have...