Word: saporito
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...Early on the U.S. trailed way behind Europe in making these things cheap because the federal government got so caught up in regulating cell phones," says TIME business editor William Saporito. "But consumers know what's going on in Europe and they've demanded lower prices, and the market responded. The big issues right now are standards and geography. The first question cell phone users ask is 'Can I take it everywhere?'" To give them the answer they want to hear, cell phone providers are in a mad dash to provide service to more and more corners of the nation...
...market prepared itself for the worst today," says TIME business editor William Saporito. "But in the long run, this may not have such a big impact. The longer the trial drags on, the less the market will need a remedy. We're moving from the PC age to the Internet age, and Microsoft is simply not a force on the Internet. Two years from now the market could very well have done the job that Justice set out to do - making sure that Microsoft won't be dictating to anybody...
...stop-shop department store has seen its business stolen by two phenomenons: the discount store (Wal-Mart, et al.) and "category killers" (Bed Bath and Beyond, Home Depot). "Bonwit's has the same story of many of the great old department stores," says TIME business editor Bill Saporito. "Once the original family sold it, it fell into financial mismanagement. But at the same time there's just no market for middle-end retail anymore. You have to either be high or low. Category killers have altered the concept of retail forever - and for the better. Products are more specialized...
...which had a dramatic impact on demand for U.S. soft drinks. "The key factor in the company's performance is a write-down of its assets in Russia and former Soviet territories, where it had a meltdown a couple of years ago," says TIME business editor Bill Saporito. "Pepsi declared its Russian operations distressed assets some time back, and analysts had wondered how long Coke could continue to carry its own. This was just a case of reality catching up with the corporation...
...global markets. Atlanta was criticized last year for reacting too slowly to a series of consumer crises in Europe, which dented the company's image. "It may be a good strategy for the new CEO to take the big bath in one fell swoop and then move on," says Saporito. "But it's obviously going to be a huge blow in Atlanta." Indeed, some 2,500 residents of that city may soon not feel much like buying the world a Coke...