Word: techs
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Dates: during 2000-2009
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...also applies to President Bush. Juhani Lindgren Hameenlinna, Finland Formula for Boredom? Michael Schumacher's dominance of Formula One racing is yawn inducing [July 26]. I grew up a big fan of Formula One races and have enjoyed many years following the sport. Unfortunately, as more and more high-tech auto innovations were allowed, I began to lose interest. The racing was getting sterile, even boring. Now, with almost zero competition among the cars and drivers, you can count me as one whose interest is nonexistent. Larry Bolt Fort Collins, Colorado, U.S. Schumacher's superiority is not hurting Formula...
...would cut back on options for executives. At right are some ways companies say they'll try to make up the lost options to their nonexecutive employees. Requiring firms to expense options would give shareholders a better idea of costs, but companies that rely heavily on such grants, like tech firms, are fighting hard against it. Says Ted Buyniski, a compensation expert at Mellon: "Options aren't dead, but they're certainly not feeling well...
They ground a plot that's full of logical inconsistencies and does not have quite enough completely compelling incidents to sustain its considerable length. But against these complaints you have to set the linear minimalism of its structure and its blessedly low-tech manner. This is a movie where the cops interrupt the action to pull over the cab for a minor infraction; where, best of all, LOW BATT starts flashing on the cell phone at a crucial moment. In other words, this is a movie that manages somehow to fuse ordinary reality and more or less believable fantasy...
...past six months, Silicon Valley has been abuzz with the prospect of the first blockbuster public offering in the tech sector since the dotcom crash: the IPO of search-engine giant Google, expected this month. But Google founders Larry Page and Sergey Brin seem to be doing their darnedest to dampen the hype. The company last week gave an unusually bullish official estimate of its opening share price: $108 to $135 a share, or more than 150 times annual per-share profit. (Most large companies average about one-seventh of that.) Google watchers were split on the reason. Either Page...
Traditionally, tech IPOs start at low prices, which are then quickly forced up by market demand. But Google is using a complex online Dutch auction system, in which the share price will be determined by the highest bidder. Google's SEC filing warns of a possible "winner's curse," in which the price drops at the start of actual trading. Still, some investors will be winners in any event. Google employees stand to make an average of $2.8 million at the estimated share price. Page and Brin themselves are set to make a one-day profit of $130 million each...