Word: johnson
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Dates: during 1990-1999
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Going back to Rockville Centre prompted Goodwin herself to remember the most important details--a method of recollection she was not unfamiliar with: "When I was working with Lyndon Johnson on his memoirs, he lived in a house one mile away from the house he grew up in," she said. "We'd often walk the mile to that house, and the physical impact of being there really affected the memoir...Physical immediacy becomes so important...
Last week's total may be less ephemeral. The only better yardage mark in Harvard history is Matt Johnson's '92 323 yards in 1991 against Brown, also the Ivy League record...
Next stop is Las Vegas. Nevada recently granted BET a gaming license. With Hilton as a partner, Johnson plans to open a $200 million SoundStage Hotel and Casino. Hilton will run the operations while BET enlists top black entertainment. There are also MSBET, the company's Website venture with Microsoft; a line of clothing launched in February; and a BET Visa card. Johnson may even try to market home mortgages under the BET brand...
That's assuming he can come up with a deal. Recently News Corp. dropped $1.9 billion to buy properties, including the Family Channel, equivalent to about $21 for each of its 70 million subscribers. If the price tag on BET gets even close to that level, Johnson will discover that the cost of future success is far higher than he imagined...
Sorochak's dreamy success notwithstanding, investing in stocks isn't the sure thing that today's equity culture assumes. Even in up markets, some stocks go down and stay down. Ask anyone who owned shares of U.S. Surgical in 1991. Johnson & Johnson invaded the little company's niche in surgical supplies, and the stock, once worth $120 a share, is now below $30. U.S. Surgical is hardly an isolated case. Biotechnology stocks fell 80% in a 1992 bloodbath, and many have not fully recovered. This year scores of stocks are down in an up market...