Word: valleyful
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...were ready "to finish this fight that the Muqtada militia started." Iyad Allawi, the Prime Minister of Iraq's U.S.-backed interim government, declared there would be "no negotiation or truce" with the Shi'ite rebels. As the battle unfolded amid the dusty vastness of the city's Valley of Peace cemetery adjacent to the shrine and U.S. Marines engaged in a tomb-to-tomb fight with black-clad Mahdi fighters, all the elements of Armageddon seemed to be converging on the place...
...classic new-economy fable: a university student starts a tech firm in Silicon Valley, never bothers to graduate and goes on to make billions. The only difference between that legend and the true story of Mike Lazaridis, founder of Research in Motion (RIM), is that it took Lazaridis about a decade to come up with his killer idea, and when his epiphany did come, it happened in Canada, not California...
...Reed Hastings was six weeks late in returning a copy of Apollo 13 to his local Blockbuster in San Jose, Calif. The late fee was $40, and the former computer scientist thought to himself, 'Never again.' He came up with a simple solution--so simple that Silicon Valley entrepreneurs are still kicking themselves for not having thought of it first. Netflix customers keep a wish list of DVDs they want to see, in order of preference, on www.netflix.com Netflix then mails out the selected discs. The service costs $22 a month, for which customers get to keep three titles...
...with the public shareholder's one. They also got a vote of confidence from their venture capital investors, who thought better of earlier plans to sell their own shares immediately. But Google's success is an exception: in the past month, Claria, PlanetOut and Nanosys, all based in Silicon Valley, have canceled or postponed their IPOs. Round Two Of The Blame Game First the banks, then the auditors. Enrico Bondi, Parmalat's bankruptcy commissioner, filed a $10 billion suit against Deloitte Touche Tohmatsu and Grant Thornton International, the firms that audited the books of the disgraced Italian food and dairy...
...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...