Word: marketeers
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Dates: during 1990-1999
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...which has risen from $86 to $164 in the past five weeks, may indeed be the most profitable company in the U.S. some years from now, though last year it strained to make $92 million. It's certainly priced for success. With a market value of $166 billion, it's already more than two times as expensive as Ford, the reigning profits champ last year at $22 billion. Another of the more interesting examples of com mania is a tiny online auction site called eCom eCom.com which on the strength of three coms in its name jumped...
...think Wall Street hasn't struggled with the value problem. Four years after Netscape rang the bell for Net mania with an initial public offering at $28 a share that soared to $58 in a day, underwriters remain skeptical and resist pricing Internet IPOs anywhere near where the market does. Last week Rhythms Netconnections was listed at $21 and closed the day at $69. Two weeks ago, Priceline.com started at $16 and shot to $69. If anything, the pricing of Net stocks is growing more off kilter. The average first-day gain for an Internet IPO has swelled from...
...took the pros years to catch on, maybe these companies are more valuable than the revised opinions as well. I wouldn't get carried away with this logic. EBay at 7,600 times earnings a share (market average: 28) is a huge leap. There are good reasons to hop the Internet rocket. But do it on pullbacks, with a fund or basket of stocks--and money you can afford to lose...
...with viruses like Melissa and Happy99.exe. And at Microsoft's very core, its next-generation operating system, Windows 2000, is MIA. The long-promised Windows overhaul, due months ago, might not even reach consumers by the millennium. The company has apparently just discovered that home users are a huge market; rather than force an industrial-strength operating system on housewives and schoolkids, it will give them a retooled Windows 98 stopgap in the fall. Whoopee...
...serious work on a computer, chances are you were pulled into Microsoft's Office web long ago. Since it controls 75% of the market, you probably use one or more of its applications: Word (for word processing), Outlook (for e-mail), Excel (for spreadsheets), Access (for databases) and Powerpoint (to make tedious, overhead-style slides for interminable meetings). The premium package adds the Web-page builder FrontPage; the image manipulator PhotoDraw; and Publisher, a desktop publishing program. It comes on an intimidating four (!) CD-ROMs, but I needed to install only the first disk to get started; the others hold...