Word: opening
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Dates: during 1990-1999
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LONDON The Millennium Dome The Queen will light a beacon, then boat down the Thames to officially open Britain's millennium landmark --Invitation only --10,000 guests...
...blues and folk that grew in power with each listen. His new CD, Midnite Vultures (Geffen), is a series of witty experiments with rock, hip-hop and even soul. "Soul has a tradition of manliness to it, but it also has this emotional core that can be raw and open and vulnerable," says Beck. "In rock and alternative rock, if you're emotional, you're emotional in an angry sort of way, and if you're manly, you're flexing and strutting. I like the fact that in soul you can have these two things coexist...
John Groves, 36, exemplifies both trends. He founded Open Microsystems, an Austin, Texas, electronic-software-and-services company, in 1991. Seven years later, he had built it into a $5 million business. But, he says, "we had to raise a lot more money or settle into a growth rate that in my opinion wasn't enough for long-range prosperity." So in 1998 he sold out to Gresham Computing, a British firm. Gresham coveted Open Microsystems' technology, employee team and customer list. In return, Gresham enabled Open, now renamed Gresham Enterprise Storage, to "get into deeper pockets," as Groves puts...
...time of the merger, the combined revenues of Gresham and Open Microsystems totaled roughly $30 million. In only a year and a half, that has grown to $50 million. For Groves, though, the merger was a success in another sense--as "a way to build a bridge that would eventually get me out of there. My m.o. is to build something quickly" and then move on. He has no intention of emulating Oracle founder and still chief Larry Ellison. Oracle, Groves remarks, "got really big, and that's terrible because you can never escape from...
...competitors, like Personify and Anubis. But while trustbusters may try to stop such a merger between two giant competitors or at least attach onerous conditions, they are almost sure to ignore combinations of little competitors. It is difficult to imagine a combination the size of Personify-Anubis or Gresham-Open resulting in a significant reduction of overall competition...