Word: optically
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Dates: during 2000-2009
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This year is different. After a brief burst of optimism in May, when stocks rallied for a short time and the Dow reached heights not seen since last fall, the U.S. has heard little but bad news. Last month telecom and fiber-optic giant Nortel (O.K., we know, it's really a Canadian company) announced an eye-popping loss of $19.2 billion for the quarter. Since then, profit warnings have come thick and fast, and commentators have started worrying that the Fed's six rate cuts this year (continued when the Open Market Committee lowered short-term rates...
...would be easy to give up on technology stocks. They're stumbling again, as the likes of Lucent and Nortel pile on bad news. Everyone knows about the glut of cell phones, PCs, chips and fiber-optic line gathering dust. Earnings stink across the board, and stock-market gurus predict we're headed for a demoralizing test of the April lows. In short, gloom is as plentiful as the routers and switches Cisco can't sell. So a lot of investors are hedging their allegiance to technology--and rightfully so. If you want easy odds, take the Lakers to threepeat...
...family, which bought it in 1933, has in the past 20 years spent about $50 million on renovations. Last year the family completed the largest addition since the hotel opened, including a Millennium Wing with 42 new rooms and an expanded dining room, more elevators and first-time fiber-optic phone lines. This season the hotel will also offer more packages than it ever has--15 in all, including Somewhere in Time, named for the romantic movie filmed in 1979 at the Grand, which attracts more than 650 guests each summer...
...generation of global executives commuting to class with passport in hand. An American whose primary residence is Prague, he manages some 300 employees across the Czech and Slovak republics for GTS, a firm based in London with offices in the U.S., and operates the largest fiber-optic network in Europe. But for 13 one-week stays over two years, Schoch is jetting into Barcelona to join 80 classmates of 24 nationalities...
...trendy buzzword, the higher education counterpart of America’s fascination with everything e-. But it reflects a mindset that becomes increasingly deep-seated with each year: the idea that education is a commodity, a quantity that can be transferred, like bank accounts or stock quotes, over fiber-optic wires or DSL lines. The University’s newfound emphasis on globalization suggests that the administration is coming to see “Harvard” as a brand name rather than a place...