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...back then, say critics, CyberWorks was overvalued--just as were a number of other Internet companies at the time. "The market is finally reverting to rational analysis," says David Webb, editor of the financial-monitoring site Webb-site.com which had valued CyberWorks' shares at just 54[cents] in February. "The company can't resume its rocket-like trajectory." CyberWorks has declined to comment on its business strategy, but Li, the son of shipping and real estate billionaire Li Ka-Shing, says the fact that Cable & Wireless' shares were initially snapped up by buyers showed "confidence in and support for our business...

Author: /time Magazine | Title: Cyberson Gets Zapped | 10/23/2000 | See Source »

...Philip Morris attorney Dan Webb's plea to jurors not to punish them with a large award, and his claim that the $145 billion award was "a death warrant": "He ignored the death warrant on the millions of lives of people [the tobacco industry] lied about," jury foreman Leighton Finegan said. "For them - Big Tobacco - this trial was about money. For us, it was about people's lives... We still feel they're arrogant...

Author: /time Magazine | Title: Tobacco Lawyers: Why This Time They Might Love to Be Hated | 7/16/2000 | See Source »

...this size surely falls into that category. The judge is expected to do his part in whittling down the amount. And the appeals process - whether it's the two-year trip to the Florida Supreme Court envisioned by most experts, or the 75-year flood of individual trials that Webb was crowing about - ought to do the rest. The tobacco lawyers' shrill and relentless hubris might just have resulted in an award that's more like a balloon than a bill, overinflated and ready to burst...

Author: /time Magazine | Title: Tobacco Lawyers: Why This Time They Might Love to Be Hated | 7/16/2000 | See Source »

...Still, sometimes that arrogance sounds awfully genuine - and reflexive. Said Philip Morris' Webb: "There's probably not a country in the world that can withstand a verdict this size...

Author: /time Magazine | Title: Tobacco Lawyers: Why This Time They Might Love to Be Hated | 7/16/2000 | See Source »

...inevitably, will the funds to combat those diseases be channeled elsewhere. For the Del Webb interviewees also expected to be "setting the political agenda," and these four words may be even more important to the American future than the expected medical advances. There are today 3.4 wage-earning (and Social Security-contributing) American workers for every person over 65. In 2030 there will be only two workers for each of the elderly (which is why economist Hokenson, of DLJ, calls Social Security "the mother of all Ponzi schemes"). Those two are either going to have to work a lot harder...

Author: /time Magazine | Title: Twilight Of The Boomers | 6/12/2000 | See Source »

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