Word: investor
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Dates: during 2000-2009
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...previous year, while working as CEO of industrial battery maker Exide, Lutz started Cunningham Motors, to produce a racy, V12 coupe for the enthusiasts who otherwise would buy a Ferrari for a cool $250,000. Fortunately for Lutz, GM in December announced it would become a major Cunningham investor...
...Investor dollars are not the only things flowing out of digital technology and into biotech; plenty of high-end hardware and software are following the money. The pursuit of new drugs through genomics and proteomics requires the gathering and sifting of oceanic volumes of data about molecules and their reactions to one another. Vertex Pharmaceuticals, for example, simulates 47 billion reactions between drugs and proteins a day--nearly as many as the number of e-mails sent out in the world every week. This requires the massive deployment of supercomputers and highly sophisticated programming tools--all key elements...
Most of today's B2B survivors have learned key lessons from the flameouts of firms like Ventro of Mountain View, Calif. Born in 1997, the dotcom promised to become the premier marketplace for laboratory tools and chemicals and attracted bushels of investor capital. That inspired it to build other exchanges for medical supplies, packaged foods and everything in between. Its stock soared to $244 a share in February 2000. But it ran up enormous costs trying to create online catalogs that could interface with the wide variety of purchasing programs already used by its clients. And those costs would have...
...analyst for Credit Suisse First Boston, downgraded all cable and entertainment companies in her portfolio. Three weeks later the Pasadena, Calif., office out of which Martin, 43, worked was shuttered, and she was laid off. But as of Jan. 1, she will join Vivendi Universal as vice president for investor relations...
...Pittman. Parsons got divisions, like books, music and movies, that customers bought on an old-fashioned per-use basis. He has since worked on President Bush's Commission to Strengthen Social Security--a high-profile post but far from AOL Time Warner's operations. When Levin appeared at investor conferences or on TV, Pittman was often at his side...