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...family's first orders of business will be to restore investor confidence in a proposed $350 million stock offering, originally planned for next June but now on hold in view of Versace's death. The eagerly awaited sale was to have transformed Versace into a public company that could tap the stock market for funds to sustain its rapid growth. To be sure, the company can still show investors some impressive fashion strengths. Versace boasts highly skilled design teams, for example, that can respond quickly to changes in the marketplace. And the company's ownership of a majority stake...

Author: /time Magazine | Title: WILL THE VERSACE FASHION EMPIRE SURVIVE? | 7/28/1997 | See Source »

...reach out and tap someone. This time, the board will conduct its own search, and the new CEO will take over pronto. The top inside candidate is John Zeglis, AT&T's vice chairman. A swift choice would provide an ironic coda: by hastening Walter's departure, Allen will have hastened his own as well...

Author: /time Magazine | Title: AT&T UNPLUGS A CEO-TO-BE | 7/28/1997 | See Source »

...shrewd and shameless camouflage," and a detective testified that the slow-footed Gigante developed Olympian quickness when a car bore down on him as he crossed Sixth Avenue one day. The government, however, has offered little hard evidence against Gigante, whom associates referred to with a silent tap on the chin...

Author: /time Magazine | Title: IN THE LAND OF THE GIGANTES | 7/21/1997 | See Source »

...witty manifesto, Herz correlates each major genre of electronic game with an age-old impulse: shoot-'em-ups like Doom tap the primal instinct for survival, while puzzle games like Tetris satisfy the need for order, control and reason. The games' larger-than-life superheroes are interpreted as contemporary reincarnations of mythological figures like Zeus and Prometheus...

Author: /time Magazine | Title: BOOKS: ALL WIRED UP | 7/14/1997 | See Source »

Despite the robust economy, the discounters are facing a dual predicament that is stalling their development. With a small number of planes flying limited routes, the upstarts can't tap the lucrative business-travel market. Instead, they're forced to low-ball fares to attract leisure travelers, a strategy that works only when planes are flying full--and their bigger competitors will do anything to make sure that doesn't happen. "It's very hard to make money feeding at the bottom of the barrel," says Perry Flint, executive editor of Air Transport World, a trade paper...

Author: /time Magazine | Title: AIRLINES: LOSING ALTITUDE | 7/14/1997 | See Source »

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