Word: makers
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...most of 2000, once-high-flying telecom equipment maker Lucent Technologies was the poster child for Internet depression. A high-tech AT&T spinoff that, as CEO Henry Schacht went around saying this winter, tried too hard to be a high-speed, high-growth dot-com, Lucent has gone from highly regarded - mentioned in the same bellwether breath as Cisco, Intel and Microsoft - to highly suspect...
...stock markets are increasingly moving in sync. A recent Michigan State University study found that the average international stock fund now has a 66% correlation to the U.S. Standard & Poor's 500 index. Large companies are becoming increasingly similar wherever they are located. Investing in Finnish cell-phone maker Nokia these days is more like investing in American cell-phone maker Motorola than it is like betting on the economic power of Finland. With improved communication and with computers managing inventory levels worldwide, companies increasingly follow the same business cycles...
...became Bill Gates' bete noire. The judge in the Microsoft antitrust trial could be gruff ("You are not planning to totally rearrange my room, are you?" he asked our photographer) but was known as open-minded and moderate. His thunderbolt rulings were hardly mild though. He called the Windows maker an "untrustworthy," "disingenuous" monopoly and ordered its breakup. The decision is under appeal, but Microsoft's stock price has yet to recover. This baritone needed no mike to bring down Gates' house...
...Obscure machinery. What was the last time you used a cheese grater, a hand-whisk, an egg-boiler, an espresso-maker, a milk-frother, a pressure-cooker? The delights of modern engineering never cease to amaze me. Having lived with only microwaves, hot plates, refrigerators and plastic utensils, I find myself constructing elaborate meals (nine-story cakes, boiled eggs and espresso with frothy milk) to use as many of these marvels in three days as possible...
...growing almost 10% a year--and bottled water is chugging along at a rapid, 30% clip--sodas have suddenly gone flat. Noncarbs, which generally command higher prices, now account for more than half of all industry growth, according to Sanford Bernstein & Co. No wonder, then, that every beverage maker is feverishly working to come up with cola alternatives that promise to be healthy, not just refreshing. Norm Snyder, COO of SoBe, says, "Before, the big boys were just watching from the sidelines, but now they're betting on it with their dollars...