Word: witter
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Dates: during 1990-1999
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...stocks are also likely to sink if the U.S. market falls. Long term, they make a lot of sense. Barton Biggs, emerging-markets guru at Morgan Stanley Dean Witter, predicts that "coming out of the next cyclical bear market," whenever that may be, "emerging markets are going to be the place of maximum outperformance." Even if he's right, you've got plenty of time...
Joseph Battipaglia, chairman of investment policy at Gruntal & Co., a major brokerage company, predicts an actual decline in the rate of the 30-year Treasury bond to around 5.75% by year's end and possibly to 5.5% sometime in 2000. Barton Biggs, chairman of Morgan Stanley Dean Witter Investment Management, is generally the most pessimistic of the board members, but on this subject he goes Battipaglia one better. His prediction: "A year from now [the 30-year Treasury rate] will be in the area...
...cash in quickly. Profits? They don't even have revenue. Drugstore.com an online prescription-drug company, has filed for an IPO even though it has only three months of formal results. The IPO may do well anyway. The company has a top-notch underwriter in Morgan Stanley Dean Witter. It is the first online company of its kind to attempt to sell shares to the public, and it's backed by savvy Internet investors, including Amazon founder Jeff Bezos...
Whom would you believe: Christian Curry, who says he was fired by Morgan Stanley Dean Witter for appearing nude in a gay men's magazine? Or company officials, who say Curry was fired for lying on his expense reports? Would you believe police, who say Curry solicited an undercover cop to plant a racist e-mail in Morgan Stanley's computer system? Or Curry's lawyer, who says Morgan Stanley paid an informant to entrap Curry in order to discredit...
...time when the industry is simultaneously consolidating, introducing new technology and trying to boost the number of annual launches to meet rising demand. That's not a prescription for smooth sailing. "It could be a string of bad luck," says Pierre Chao, an analyst for Morgan Stanley Dean Witter. "Or they are doing so many launches that something slipped...