Word: summers
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Dates: during 1990-1999
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...George was already disciplined in a lot of ways except for drinking. He was a great runner," says Laura. "And when he was able to stop, that gave him a lot of confidence and made him feel better about himself." While Bush was working on these issues, in the summer of 1986, something else happened that would also have a profound impact on him, allowing him to leave Midland with his head up. A corporate savior appeared...
...proposal lurked in Bush's mind throughout the hard times of 1985-86. He says he didn't think seriously about it until after the Harken deal, but some employees say it came up earlier. "He was ready to go," says Dickey. In summer 1987 the Bushes sold their house in Midland, loaded up the family wagon and drove to D.C. Bush says he had no idea what he'd do after the election...
Most troubling, though, is a glut of new Internet shares saturating the market, creating a supply overhang that could last through the summer. This is an entirely new situation for Net investors. In the past few years they have had little choice but to bid against rabid techies for the same handful of precious stocks, driving prices through the roof. Wall Street reacted as expected: by underwriting stock deals for every dot com in sight. A flood of new shares hit the market this year, and now the scarcity premium on Net stocks is gone...
...year, 88 Internet companies have issued 432 million new shares, raising $12 billion, reports Thomson Financial Securities Data. That's more new Internet shares in five months than were minted in 1997 and 1998 combined. And 90 more companies expect to raise some $8 billion through new offerings this summer, Merrill Lynch reports...
...Thursday, HotJobs.com filed for an IPO, hoping to raise $69 million this summer, even though other stocks in the category, like Topjobs.net have struggled. "A story is only interesting the first time," says Chip Morris, manager of the T. Rowe Price Science and Technology Fund. "By the hundredth time an Internet company comes in repeating the same mantra, you just want to scream to somebody, 'Give me a break...