Word: selz
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...before unveiling its plans to buy TCI. Yet the deal raised serious doubts about whether the imperious Malone could peacefully coexist with the studious Smith. ''The U.S. Army wasn't big enough for Generals Patton and Bradley,'' notes Ronald Altman, who watches the communications industry for the firm Furman Selz. ''The question is, will Bell Atlantic be big enough for both Smith and Malone?'' Others speculated that Malone would soon be running the company. But Smith, 55, hardly seemed worried. ''John has expressed his interest in a very forthright way,'' Smith told TIME. ''He is interested in pursuing programming...
...consider cigarette stocks to be sharply undervalued. Says Marc Cohen, who follows the industry for Sanford C. Bernstein, a New York brokerage firm: "The financial community is overreacting. It is understating the strength of the manufacturers' defense, and it is overstating the financial consequences." Concurs John Maxwell of Furman Selz Mager Dietz & Birney: "This is still a healthy business financially...
That hasn't been the case for a decade. As early as 1991, analysts at Furman Selz (now part of ING) recall having to pass muster with investment bankers during job interviews. Bankers, who held veto power over analyst hires, pressed applicants on their willingness to work with bankers. "You had to be willing to compromise, or you were out," says a former Furman Selz employee. By 1996 analysts at some large firms were going on new-business pitches with investment bankers, crossing the line dividing salespeople and bankers, which had been sacrosanct. By then star analysts were getting...
...cash and expertise of foreign bankers and takeover experts who are buying, at deep discount, chunks of the country's financial and industrial base. "What has really happened this decade is the true inability of the Japanese to manage in a difficult situation," says ING Baring Furman Selz managing director Maryann Keller, who has studied Japanese industry for 30 years. Once unthinkable, the idea that foreigners might "save" Japanese companies is becoming commonplace. Witness Merrill Lynch and its absorption of Yamaichi Securities, or General Electric Capital Corp. and its $6.5 billion takeover of one of Japan's biggest leasing companies...
...Three's abrupt acceleration has caught Japanese carmakers off guard. "The Japanese never expected that Detroit would get better," contends Maryann Keller, an industry analyst with the firm Furman Selz in New York City. But with the yen now trading around a robust 105 to the U.S. dollar, Japan has been forced to price its cars out of the reach of many American shoppers. "At the yen level we are facing right now, it is difficult for some of our Japanese-made models to be competitive in the U.S.," a Toyota executive says. Some Western observers suspect they are witnessing...