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Andrew Lloyd Webber was chatting over lunch a couple of weeks ago in an Italian restaurant near his home on London's tony Eaton Square. The place "used to be hot in the '60s," noted Lloyd Webber (who writes a food column for the Daily Telegraph); "the food isn't very good." He picked the restaurant, though, because it's just a block away from the first of two theater openings he had to attend that day: a school production of Oliver!, featuring his two young sons, Alistair and Billy, in the chorus...
Only later would Lloyd Webber scoot across town to the opening most of London was buzzing about--of Whistle Down the Wind, his much troubled musical that had an abortive tryout 1 1/2 years ago in Washington. Since then, Lloyd Webber has overseen a major revamp of the show: brought in a new director, helped rewrite the book and added half a dozen new songs. "To be frank," he says of the old version, "the work had not been done to get it into theatrical shape...
...folks most easily seduced by such visions tend to be small investors, who often buy and sell online, sometimes many times a day. "The bulk of recent trades have been for well under 1,000 shares," says James Preissler, who follows the Internet for Paine Webber. And because there are still relatively few shares of Internet stocks available to the public, such purchases can pack a hefty punch. That guarantees that any rise in the demand for a stock will have a sharp impact on its price. For example, much of the volatility of Amazon.com comes from the fact that...
...falls to another turnaround pro, Jerry Levin, 54, to pick up the pieces, and few expect fast answers. "The business is in lousy shape," says Andrew Shore, an analyst at Paine Webber. Shore, a Dunlap critic who recently baited Chainsaw Al by publicly asking him to work for $1 a year until the stock recovered, pegs any turnaround at two years...
Andrew Lloyd Webber's latest show, Whistle Down the Wind, opens on July 1 in London