Word: stocke
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Dates: during 1990-1999
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...idea, well, it began with a man. Stephen Arterburn, who owns 10% of New Life Clinics and is paid a salary of $160,000 plus stock options, had offered a program of New Life seminars, which failed dismally. "Those were seminars where you had to admit you had a problem before you came," he says. "I thought we could reach more people if we could ask, What can we do for you?" That psychotherapy-under-another-name worked, and the movement collected a roster of upbeat dispensers of inspiration, such as Sheila Walsh, author of Never Give...
Buried in Yahoo's stellar Wednesday-night earnings report -- sales of $41.2 million, up 36 percent from the beginning of the year; traffic of 115 million daily pageviews in June, up from 95 million in March; a 2-for-1 stock split -- was news that the search standout was raising $250 million by selling new stock to Softbank, which already owns nearly a third of the company. We could all use another $250 million, but what does Yahoo need...
...company already has close to $150 million in the bank, is debt-free and -- amazingly enough, compared to its Net competitors -- is already profitable on an operating basis. Add to this the fact that any takeover targets would be happy to get Yahoo's gold-plated stock. How would you spend the money? Even product development cost only $5 million last quarter, which must buy a lot of server tweaks and Java applets. Noting that Amazon has a similar war chest, our best guess for the bucks: Look for Yahoo's $20 million marketing budget to go into Superbowl-style...
...earnings prove it's the strongest company in the group, says TIME Wall Street columnist Daniel Kadlec. Will it turn out to be the next Microsoft? "That's a crazy bet to make and yet everybody's making it," Kadlec says. "Yahoo is riding a mania for Internet stocks, just like the mania for biotech in 1991. These stocks have so much room to collapse." Indeed, in announcing only a 2-for-1 split Wednesday (effective in August), Yahoo might be signaling that it knows some bearish days are coming. Notes Kadlec: "A $200 stock price means Yahoo should split...
...been longing to sell a stock that you haven't held long, you might soon get a break. Today stocks must be held at least 18 months to qualify for the lower capital-gains tax rate, which is usually 20%. But that holding period will be reduced to 12 months under a $13 billion tax bill that President Clinton agreed to sign last week...