Word: tiered
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Dates: during 1990-1999
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...unlikely that many of the survivors will come from the current crop of Internet stocks making their debuts as IPOs. Now on the docket are many also-rans, third or fourth to market with second-tier managements. Take PCQuote.com which filed last Wednesday to raise $100 million. It competes in the already jammed area of financial data, which includes TheStreet.com Reuters and others. "How new is that? Let's go watch paint dry," sniffs David Menlow of the research firm IPO Financial Network...
...with less than $50 billion in assets become ripe for the picking. With the big boys dominating the highly profitable institutional side of the business--401(k)s and other retirement plans--and much of the growth now coming from market appreciation, it will be hard for a second-tier player to shine...
...Birtwell and Crockett will go one-two in the starting rotation, but the departures of veterans like Duffell (3-1, 3.86) and Jamieson (5-0, 4.91) means an expanded role for this year's second-tier of midweek pitchers...
Ricky Martin is a fresh face, but he is not an entirely new one. For 15 years now the 27-year-old singer has enjoyed a kind of second-tier, ESPN2 level of fame: he was a member of the teen group Menudo, he once co-starred in Les Miserables on Broadway, has appeared on the ABC soap General Hospital. The cultural wave Martin is riding--Latin pop--we must admit, is also not an entirely new phenomenon. Salsa, rumba, mambo and other Latin musical forms have made inroads on American pop music--Celia Cruz, Ruben Blades, Gloria Estefan, Ritchie...
...this service revolution expands in the field of higher education, even top-tier schools like Harvard soon will begin to feel the pinch. In the meantime, College and University officials ought to use their influence to make Harvard not only an academic leader, but also a "Nordstrom's" of the higher education industry...