Word: turnaround
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Dates: during 1990-1999
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Dreamcast represents Sega's bid to reinvent itself. And analysts think it has a good shot. The machine is at least 10 times as powerful as its rivals and already has 18 new games available. Equally important, Sega introduced it with savvy marketing. That is a turnaround for a company that in 1989 was No. 1 in the gaming business but has since been steadily slipping, barely hanging on to third place with only 1% market share. Sega botched its 1995 Saturn rollout by alienating software developers and retailers with poor support and imperious directives. Sony has dominated the industry...
...paradise of a few years ago--and despite its already jammed sidewalks, the city has welcomed the cameras (the networks provide security to help control crowds). Friedman, who conceived Today's studio when he was its executive producer, even gives the show partial credit for the city's image turnaround, and his successor, Jeff Zucker, calls it "probably the best daily advertisement for the city." But now that imitators are jumping in, NBC of course downplays the importance of the set. "Everyone can build a studio. Not everyone can have Katie [Couric] and Matt [Lauer]," Zucker sniffs. "The studio...
...racquet makers such as Wilson, Prince and Head, the company that makes Agassi's. With golf muscling in on the leisure market, racquet sales have been in a decade-long decline. This year sales could climb 5%, which is in some measure attributable to the ability of a Swedish turnaround artist to persuade the Austrian government's tobacco monopoly to sell him a sporting-goods company created by an American entrepreneur...
Indeed, the announcement was the statistical end of Japan?s longest recession since World War II. But you know what they say about statistics. "There?s not much evidence here of a genuine economic turnaround," says TIME senior economics reporter Bernard Baumohl. "This is a natural reaction to the huge amount of money that has been dumped into the economy by government spending. It may only be a dead-cat bounce...
...face. With so much riding politically on Prime Minister Keizo Obuchi?s ability to get his country?s once-proud economic heart beating again, "it?s a bit dubious," he says. "I?m not saying there?s some nefarious plot, but with so much political pressure for a turnaround, some analysts suspect that some pretty optimistic reckoning was used...