Word: rubbers
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...InMat, Goldberg's seven-employee company in Hillsborough, N.J., regularly ships to Wilson Sporting Goods 55-gal. drums filled with an environmentally safe liquid containing 1-nm-thick sheets of clay. When the material coats the inside of a tennis ball, it traps air far more effectively than standard rubber alone and doubles the life of the ball. Wilson's Double Core, which made its debut more than a year ago, sells at a premium in U.S. tennis shops and this year became the official ball of the Davis Cup competition...
InMat will take in just $250,000 this year, but Goldberg expects to double that figure in each of the next few years, largely on tennis-ball business. Meanwhile, he is working to convince tire manufacturers that by sealing their wheels with his technology instead of butyl rubber, the current sealant, they can produce tires that run cooler and safer, are lighter and increase a car's fuel efficiency. The U.S. Army has asked InMat to develop gloves that will protect soldiers from chemical agents. Goldberg's funding has come mostly from an angel investor and grants, which means...
...political wing of the separatist group eta, as riot police enforced a court order to close down the organization that authorities say funded and assisted terrorists. Police raided offices in five cities in northern Spain's Basque region and fought crowds of up to 300 with batons and rubber bullets. Here Batasuna's Eusebio Lasa resists in his own way. After a lopsided vote in parliament, the cabinet agreed to ask the Supreme Court to ban the party. GEORGIA Russia and the Pankisi Gorge Eduard Shevardnadze used a visit to the lawless Pankisi Gorge to renew his criticism of Russia...
...human element. There are interminable delays for border formalities, with uniformed troops surrounding the train and sealing it off, big shot officers with visored caps and polished boots tramping from compartment to compartment, demanding visas, passports, papers, documents. They are stamping, stamping, stamping with boots and rubber stamps. Then there is the waiting while the official party repeats this process in each and every compartment in each and every wagon for fifteen cars down the line. And the train then lurches forward a few kilometers, and then there is another stop when the officers from the nation just across...
BASIC INDUSTRY This highly cyclical group includes Dow Chemical, aluminum producer Alcoa, rubber company Goodyear Tire and metal benders like Caterpillar--outfits that make what sells well in an economic recovery. Because their earnings are volatile, a better way to value such companies is by looking at sales, says John Manley, market strategist at Salomon Smith Barney. Over the past 30 years, he says, this group has traded at a 10% discount to the price-to-sales ratio (price per share divided by sales per share) of the S&P 500. The discount today...