Word: loss
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Dates: during 1990-1999
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Instead all we've heard is howling. Last week MCI Communications was baying at Wall Street, explaining that it will lose $800 million this year trying to bust into local phone service with nothing to show for it. MCI blamed its loss on the intransigence of Baby Bell operating companies in complying with the law. Baby Bells such as BellSouth have been wailing that regulators won't let them into long-distance markets and that the long-distance companies don't want to compete anyway...
Having begun to map the tangible, the loss of the intangible in the form of a Harvard e-mail account seems less pressing. What rankled me about the end of "sjschaff@fas.harvard.edu" was the loss of a name and an access point that had been a beacon of my time at Harvard. With the streets of Los Angeles and the mirror of a full-time job will come entry points to new names, a new life and even a new e-mail account: ".com," here I come...
...YORK: Turns out Apple wasn't so rotten. Crediting a new line of Macintoshes and a corporate shakeup, Apple was pleased Wednesday to report a smaller-than-expected loss for the spring quarter: just $56 million. Hardly a profit, but at $1.7 billion, revenue was slightly up from $1.6 billion for the first three months of 1997. After analysts predicted losses topping $100 million, investors should be pleased. Meanwhile, the bruised Apple may look a little tastier to prospective CEOs...
...tough is it? Western Pacific, a two-year-old company based in Colorado Springs, Colo., is a good example. Last year Western Pacific chalked up a $23.7 million net loss and in the process jettisoned both its management and its business plan. The company tried to avoid a head-on battle with United Airlines in its Denver hub. But Western Pacific was also missing out on the flush business market that connects there. "A lot of low-fare carriers make the mistake of trying to hide in the weeds," says Western Pacific CEO Robert Peiser, former CEO of FoxMeyer Drug...
...Delta now has a low-cost airline, Delta Express, to fight ValuJet on its own rock-bottom terms. This is a lesson that the other major airlines have learned in battling upstart competitors, to their considerable profit. Alas, for travelers, the major airlines' profit is the flying public's loss...