Word: flagging
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Microsoft may be fighting the government's anti-monopoly men to the last bullet, but a group of similarly accused corporate giants have decided to raise the white flag. The result: That coveted CD of Britney Spears' warblings will now be $2 to $5 cheaper at a music store near you. The music biz's Big Five - Sony, Bertelsmann, EMI, Universal and Time Warner (corporate cousin to this web site) - which control 85 percent of the $15 billion CD market, settled with the FTC Wednesday on charges that they've been leaning for years on music retailers...
Microsoft's fundamentals are sound. The company recently sent up a flag on near term earnings, but generally things are on track and few doubt that Microsoft's core products are anything but first rate. Is the stock cheap? Well, over the past five years Microsoft's price-earnings ratio has ranged between 30 and 80 and averaged 51. Now the P/E is 41, by that measure its lowest point and best value in many months. That earnings multiple is well below those placed on lower-margin businesses run by, among others, Dell and Sun. And history (notably...
...persuade his old friend to take the post--but it will be tough. Not only has Powell had a long-standing disregard for the No. 2 job, but sources say he was particularly disturbed by Bush's South Carolina campaign--his failure to take a position on the Confederate flag flying above the state capitol, and his stop at Bob Jones University. Both hit home for the Powell family. As a young soldier, Powell and his wife often drove through the state in the early '60s, when the Stars and Bars was raised in defiance of new civil rights laws...
...Flag, Not a Statement...
Lewis finds it hard to believe that maybe, just maybe, the "evil" whites who supported keeping the flag up didn't mean it as an insult to blacks at all. And the flag's intent truly is to honor the Confederate dead; whether this fact is misinterpreted shouldn't be the fault of the people who supported it. Furthermore, this is a battle flag (the Confederate naval battle flag, to be precise), the purpose of which is to fly over an army on the battlefield. At no time did this flag ever represent the political or governmental side...