Word: pcs
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Dates: during 1990-1999
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...expecting a watershed event. The company will improve its online operations, he says, "at a pace it feels it needs to go at to win--and it usually wins." Wal-Mart's loyal demographic--mainstream folks, not tech geeks--will be sidling up to spanking-new, sub-$500 PCs from Santa just as the new-and-improved wal-mart.com is making its debut. So Wal-Mart just might be their ride to the party...
Digital-video (DV) camera prices are plummeting south toward the $1,000 border. Cheap DV-ready PCs, bundled with professional-editing software, are zooming off store shelves. And a host of popular production websites have sprung up to showcase amateur movie shorts. All of which has led experts to believe we're in for a DV Christmas. "There's a demand for video editing among consumers if it can be done easily and elegantly," says Kevin Hause, an analyst at International Data Corp. "When you look at what that takes in terms of computer speed and power, we're there...
...getting online, however, I realized I needed two things: a home network so the two computers in my office could share the cable modem, and a fire wall to protect my machines. The fire wall was especially urgent, I felt. It spooked me to leave my PCs connected to the Net all day unattended. The simple security solutions--unplugging them or disabling file sharing-- didn't work because I needed to share files with my wife. And I can never remember to unplug the modem at night. I ended up getting BlackICE Defender, a $39 piece of software that...
...outlets, buying independents and refashioning smaller locations into 10,000-sq.-ft. convenience stores. That kind of real estate doesn't come cheap. In 1996, Grass shelled out $1.4 billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems, a pharmacy-benefit manager that oversees employees' prescription coverage. Even Miller, whose retailing career began in high school as a bottle sorter for a California grocer, admits, "I wouldn't have been able to manage all that...
Though he'll continue to modernize older stores, Miller says he'll significantly slow the frenetic pace of expansion and cut back the company's costly advertising blitz. Rite Aid has rescheduled $2.7 billion of its debt, and before long, it should announce a deal to sell PCS. As for the underperforming, oversize stores on the West Coast, Miller insists he will rejuvenate, not unload them. Wall Street announced a measure of approval: Rite Aid stock closed at $11.50, up about $3 for the week. And with baby boomers and senior citizens fueling a boom in prescription drugs, Miller...