Word: stellar
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...investors who bought in at the original price would have gained 77% on average if they held the stock for up to five years. By contrast, the University of Chicago business-school survey also found that second-day buyers could expect returns of 58%--a less than stellar performance since the S&P index of 500 stocks rose 78.5% over the same period. Warns William Benedetto, who heads the New York City investment banking firm Benedetto Gartland & Greene, which helps raise money for start-ups: "The individual investor should not be in the high-tech IPO market, period." If they...
...book offers candid assessments of the show's less stellar moments as well. Koppel, we learn, never liked the idea of doing a show on comedian John Belushi's death--especially when the only show-biz "friend" of his the show managed to book was Milton Berle. Koppel's choice for the all-time worst Nightline is a 1985 interview with Le Duc Tho, in which the former North Vietnamese negotiator rattled on interminably (as fellow guest Henry Kissinger fumed) because his interpreter refused to convey Koppel's desperate efforts to stop him. A rare guest who Koppel says...
MADISON, Wisconsin: Scientists have found ordinary vinegar in a stellar cloud 25,000 light years from earth, a discovery that may help explain the formation of life. Radio astronomers from the University of Illinois, Champaign-Urbana, found faint traces of vinegar, or acetic acid, in a cloud of gas and dust named Sagittarius B2 North. Ammonia was discovered in interstellar space more than 25 years ago, which makes it plausible, according to one of the scientists on the Illinois team, that molecules of ammonia and acetic acid linked up to form basic amino acid. Amino acids, which are the basic...
...despite--or because of--this stellar performance, Washington suspects that something must be rancid at Frito-Lay. In a move that caught even antitrust experts by surprise, the Justice Department confirmed last week that it has begun a probe of the salty-snacks industry; insiders say it is focusing on Frito-Lay. The action was all the more unexpected because other companies have amassed even larger shares of their respective markets without government eyebrows being raised (see chart). But Justice is said to be looking hard at Frito-Lay's use of shelf allowances, a common retailing practice in which...
...stellar campaign for the Crimson (14-2-1, 6-0-1 Ivy). The offense was astounding, scoring 62 goals in 17 games...