Word: teche
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...largest online supermarket left standing--Peapod.com serving New England and Chicago--is now owned by the $65 billion Dutch mega-chain Royal Ahold. Having a Dutch uncle has won Peapod its first operating profit since the high-tech home-delivery service was founded in 1989. It expects to be fully profitable by 2003, partly because it curtailed its early ambitions. "We got too big," says Marc van Gelder, a former Ahold executive who is Peapod's ceo. "Now we're staying east of the Mississippi"--and binding the company tightly to Ahold-owned stores and distribution centers...
...clock is ticking, and it may tick a little faster now," says Pat Steele, executive vice president in charge of Albertson's high-tech experiment in Seattle. His online sales have jumped 300% in the week since Webvan's demise. "The next three to six months will be the telling time...
Williams believes that PVI's high-tech hocus-pocus, already the target of some media watchdogs, could easily triple the ad dollars each program generates. With iPoint, the system Williams has been developing, digital set-top boxes could tailor virtual ads to individual viewers, based on their demographics and buying habits. Pizza Hut could go after Domino's customers, enticing them to click on an image to order a pie. "We can literally target individual TV sets," says Williams. He just has to hope that most people, unlike him, are still busy watching them...
...heavenly being that is doing them in. It's America. Asia's economies are fueled largely by companies making cars, consumer electronics and all manner of high-tech gewgaws and shipping them overseas. Exports account for more than 70% of Malaysia's and Singapore's GDPs, while the figure is around 50% in Taiwan, Thailand and the Philippines. The problem is, about about half of those shipments go to the U.S., which is dealing with its own economic travails. American consumers and corporations just aren't buying like they used to, and so Asia's warehouses are overflowing with unsold...
...make matters worse, about 40% of the stuff Asia makes for the U.S. is electronics, mainly components like microchips, motherboards and monitors?the parts for the computers that U.S. dotbombs stopped buying after the tech boom went bust. The result is that Asia has been hit with what Arup Raha, chief economist at UBS Warburg in Hong Kong, calls a "double whammy" of depressed U.S. demand for all goods, and a particular slump in electronics, the cornerstone of Asia's new economy. Taiwan's exports plunged nearly 17% in the second quarter. Singapore, South Korea, Thailand and the Philippines...