Word: mutually
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Dates: during 1990-1999
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Many Wall Street watchers are worried that the lofty prices of some IPO shares could soon plummet. "I think we've got a bubble here," says Daniel Miller, managing director of the $20 billion Putnam group of mutual funds, based in Boston. "The first things thrown out in a bad market are the newer ipos." The risks only grow when mutual-fund managers--the institutional investors who are driving much of the stock boom--find themselves with little time to evaluate new issues. Nearly 40 new companies went public the week of Dec. 10 alone, as many as might have...
...Case says. But Case had few doubts about either Pixar or Netscape, whose executives he had known for years. Hambrecht eagerly teamed with fellow bankers to buy up all the offered shares of both companies and then staged nationwide "road shows" to tout the stock to big investors like mutual funds. The tours generated so much excitement that Netscape, which had been tentatively priced at $12 to $14 a share, went public at $28. Hambrecht's profit for co-managing the offering with Morgan Stanley: $10.6 million...
...Hatori on the genially bizarre Sugar Water. Food--apples, artichokes, white-pepper ice cream, beef jerky--is the album's constant, almost perverse preoccupation. "When Miho and I used to hang around before we started this band, we became close friends because we love to eat--it was a mutual obsession," explains keyboardist Yuka Honda, who, like her bandmate, was born in Japan but now lives in New York City's East Village. "It's also something that really relates to our lives; it's something every one of us does...
...goodwill seems to be mutual...
...believe it or not, is snowboard literature. Surfing the Himalayas, a vapid, new-age novella written by Frederick Lenz (a discredited guru once known as Rama), is surfing the best-seller lists. The book tells of how a snowboarder and a monk known as Master Fwap come to a mutual understanding after the rider knocks the monk down. In that regard, the book mirrors the new age on the slopes. "The war is over," says Bob Gillen, the marketing director for Stowe. "There is peace in our time...