Word: stocke
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Dates: during 1990-1999
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...find sellers willing to match it, went public last week, and Wall Street treated the company like a rare gemstone. Priceline.com generated $35 million in revenue last year and lost $114 million (it has pulled in $20 million in the first two months of this year), but the stock, priced at $16, was bid up to $80 by week's end. That puts the company's value at around $11 billion, worth more than a few major airlines combined...
...copy of Hem-ingway's A Farewell to Arms--Amazon will, of course, be strong in rare books. "Our vision is to build a place to find and discover anything our customers might want to buy...[including] car parts and spark plugs," says Bezos, whose firm's ever inflating stock price jumped an additional 15% on the news. Says Larry Schwartz, president of rival Auction Universe: "It's kind of frightening--they cloned eBay...
...moot point, though, because I don't believe concerns over water safety were really ever the reason people bought bottled water. Bottled water, along with cigars, cell phones and stock options, is a quintessential yuppie accesory. The always-questionable health benefits of bottled water (Perrier, the trendy water of the '80s, was found to contain carcinogenic benzene in 1990) might have been how you justified buying bottled water, but the sad fact is you simply couldn't be seen at the health club with tap. You had to have the right "designer water," as Gary Trudeau called...
...Avarca Menorca line of canvas slides, straight off the boat from Spain, have been hard to keep in stock...
Meanwhile, there are steps you can take. For starters, don't buy more company stock if you're getting a healthy slug of it from the boss. If you exercise stock options, diversify immediately. Remember, your most valuable asset--your career--is also tied to the health of your firm. If you're over age 55, your employer may allow you to sell some of its stock held in your 401(k), so be sure to ask. In your taxable accounts, lean toward diversified mutual funds, or individual stocks in at least six industries--and avoid the one in which...