Word: profits
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...best solution for the moment Maher says, lies with such local non-profit initiatives...
...former heir presumptive at Cisco Systems, Listwin, now 44, was tapped in August 2000 to head up Openwave, a company formed by the merger of Phone.com and Software.com Initially, it was expected to profit from a coming wave of interest in browsing the Internet on the small screens of cell phones. At its peak a year later, Openwave boasted $500 million in annual revenue and a share price of $125. But by mid-2002, Openwave shares had plunged to 43¢--freighted by the telecom bust and by the firm's particular missteps. "This was not a trusted company," says Listwin...
Sohu, which started in 1996 as the first Chinese-language search engine, surprised critics by turning profitable in the third quarter of last year. For the second quarter of 2003, it posted a stunning $7.5 million profit on $19.3 million in revenue. But the climb has not always been smooth. During the shake-out following the dotcom crash, shareholders questioned the company's heavy dependence on banner-ad revenue. Hostile board members and disgruntled investors wanted professional management to replace him. Zhang says his nonconfrontational style helped him hold on, but the experience "was the worst sort of psychological torture...
...disasters never happened. "We knew we'd survive," says Dhamija, e-bookers' founder and CEO. "The question was whether we would become No. 1 or No. 2." Today e-bookers is Europe's largest Internet travel agency and the first (as of May) to turn a pretax profit. It was also the London Stock Exchange's second-brightest star last year, with share prices...
...must let a little air out of Dhamija's balloons, however, to realize how close his perch at the top of the industry is to the ground. After taxes and exceptional costs, e-bookers' maiden first-quarter "profit" of $175,000, turned into an $8.1 million loss. But e-bookers has shown that it knows how to reach the black ink, and as any old-economy travel agent will tell you, it's the destination that really counts. --By Blaine Greteman/London