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...threatened or intimidated" by the NCWO, which represents such groups as the American Nurses Association and the League of Women Voters. "We do not intend to become a trophy in their display case," Johnson declaimed. Then, in an unprecedented move, he booted the Masters' sponsors--Citigroup, Coca-Cola and IBM--so the companies wouldn't face criticism by association. The commercial-free move will cost the club some $7 million in forgone revenues...
...sponsors emphasize that their agreements are with the Masters tournament, not the club. (Never mind that the club runs the event.) IBM, in a letter to Burk, cited its support for women's groups and added, "We do not view our sponsorship of the Masters tournament as contradictory to this commitment." But in 1990 IBM pulled its sponsorship from the PGA Championship after learning that host club Shoal Creek, in Birmingham, Ala., had no black members. The club quickly integrated, and the PGA passed a rule that tour events can be held only at clubs open to all. The Masters...
...market for integrated messaging software like IBM's Lotus Notes and Microsoft's Exchange, which include a bundle of collaboration tools from IM to group folders and calendar sharing, is $2.6 billion a year, according to research firm the Radicati Group, based in Palo Alto, Calif. That market is expected to grow to $4.4 billion by 2005. Software vendors are also selling pieces of these collaboration packages as stand-alone products, which IDC's Robert Mahowald says will further expand the market for corporate IM and related applications. "If I am a small company," Mahowald explains, "I can buy only...
Still, the technology has been slow to evolve, and IBM nearly killed its speech-recognition project in the early 1990s, when the company was struggling. "We had no product," Kanevsky explains. So he made a grandstand play. He connected recognition software to a telephone and was able to read the words of callers from around the world without the help of a human transcriptionist. "It helped push the morale of speech researchers higher," he says, and impressed senior managers enough to save the project...
ETFs are stock funds that trade on an exchange like common shares of IBM or Coca-Cola. The first ones were launched in 1993. Amid heavy marketing by key players, including Barclays Global Investors and Merrill Lynch, asset growth has taken off in recent years, swelling nearly ninefold since 1998 to $88 billion in the U.S. etf inflows this year have already doubled the total from all of last year. ETFs have proved so popular that Barclays extended its line in July to include bonds, the first ETFs of that type. It's now possible to build a well-diversified...