Word: funded
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Bush anointment and not be shocked by the sheer, almost undemocratic nerve of it, and the risk that this could all blow up and leave the party with a choice among broken and, other than Steve Forbes, penniless understudies. "No matter how much support you get from insiders, activists, fund raisers, you still gotta run the gauntlet," says longtime Republican strategist Charles Black. "You gotta earn it at the polls. That's the beauty of the system. You won't know until February how he's gonna...
...Bush stumbled by trying to go public with a drilling fund just as oil prices dipped. That year he also sold 10% of his company to a Panamanian company run by Philip Uzielli, a longtime friend of Vice President Bush's top adviser James A. Baker III, who later became Secretary of State. What raised eyebrows was the price Uzielli paid: $1 million in exchange for 10% of Bush's company, whose total worth at the time was $382,000. Bush says the infusion wasn't a bailout. Arbusto, he says, "wasn't in trouble. We were in growth mode...
Kevin Landis, who manages the Firsthand Technology Fund, ventures that this may prove to be a good time to start buying Net stocks if you've been out of the game--and are a long-term investor. So, you're jumping in with both feet, right, Kevin? After he stops laughing, Landis says, "We've just got away from the scary point at which people say, 'I don't know how to value it, but I have to own it anyway.' [But] we're nowhere near levels where you can start making a value argument...
...Thursday, HotJobs.com filed for an IPO, hoping to raise $69 million this summer, even though other stocks in the category, like Topjobs.net have struggled. "A story is only interesting the first time," says Chip Morris, manager of the T. Rowe Price Science and Technology Fund. "By the hundredth time an Internet company comes in repeating the same mantra, you just want to scream to somebody, 'Give me a break...
Ironically, fund managers will continue to buy freshly minted Internet stocks, if only to flip them back into the market for one-day gains. The days when every Internet IPO would double or triple on the first trade have vanished. But most still go up a quick 20% to 30%, low-hanging fruit for any money manager who can get shares at the IPO price. Lately, though, even the easy money has been harder to come by. A handful of recent Internet IPOs quickly fell below their IPO price, and dozens trade below the price of the first trade, which...