Word: tags
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Dates: during 1990-1999
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Early last September, a first-year student noticed someone walking behind her as she left Harvard Yard. She says the struck up a conversation, thinking the tag-along was a fellow classmate looking for a friend...
Sweetened by a tax loophole for big companies selling media properties to minority owners, Viacom Inc., the entertainment giant, will sell its cable-TV unit to a partnership backed by Tele-Communications, Inc., the top U.S. cable operator. Price tag: $2.3 billion. The deal will create the country's largest minority-owned cable system...
...build the next 20 planes for $11.4 billion, or $570 million each. That is well below the $2.2 billion that each of the first 20 B-2s cost. Even minus their hefty development cost, the first batch cost more than $1 billion a plane. But Northrop's new price tag is dubious, and the bargain questionable. Defense experts expect the final price to balloon. More important, U.S. taxpayers could be buying a flying white elephant with scant strategic value because the key weapons it requires to justify the investment don't exist...
Wary U.S. taxpayers need to know that the $570 million buys only a stripped-down version of the plane. Spare parts and additional engineering would tack on about $2 billion to the total bill. And some government bean counters regard even that proposed $13.5 billion price tag as too low an estimate. The Pentagon believes the final price for another 20 planes would approach $20 billion. The nonpartisan Congressional Budget Office concludes that each new B-2 could cost $1.3 billion, for a total of $26 billion. ``I don't know where Northrop is coming up with their numbers,'' says...
...hosts. He was backed by some of the biggest names in entertainment -- including Matsushita (Panasonic), AT&T, MCA and Time Warner. His initial public stock offering raised $26 million even before the first machine was built. The hoopla subsided soon after the machine hit the market. The initial price tag -- $799 -- was too high. The software was late. The games were derivative. Wall Street turned sour on the new machine, and last Christmas the video-game-playing public simply ignored...