Word: yahoo
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Dates: during 2000-2009
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...business school INSEAD's list of the world's most effective companies. Other high scorers are Renault and BNP Paribas. Confidence Trick While its rivals issue profit warnings, German software giant SAP forecast 20% growth in sales in the first half of the year and announced an alliance with Yahoo to develop corporate websites. Shares rose 8%. Working Up a Thirst Labor unions voted to strike over a planned packaging-plant closure at Irish brewer Guinness, which produces 4 million pints of its famous dark stout...
...enough to make you think the era of pay-to-play music downloading has finally dawned. Spurred on by the MusicNet deal, Sony and Vivendi Universal hastily announced that their licensing service, known as Duet, had found its first customer in the shape of Yahoo. MTV.com said it had done its own deal with all five major labels. And Microsoft hopped on the bandwagon with the radio-style site MSN Music. Result: in just one week "the landscape changed 100%," says Eric Scheirer, digital-music analyst at Forrester Research...
...Senate on compulsory licenses--giving websites the same status as radio stations, which pay royalty fees for playing music. Says Barry: "It's government intervention. It's not my first choice. But collecting licenses [in the open market] is not just painful, it's impossible." If AOL and Yahoo start feeling his pain once MusicNet and Duet kick in this summer, you may see a lot more rockers singing the Senate blues...
...least emotionally. After the bubble-all-over-its-face dot-com boldly preannounced Monday that it had lost less money (and sold more stuff) in the first quarter than anybody expected, suddenly anything looks possible. Could Motorola, or E*Trade (after the bell Tuesday) pleasantly surprise too? Could Yahoo (Wednesday?) tell us the web advertising market isn't quite a death sentence...
...development for Intel and Microsoft and Amazon. When I was a kid and we went through a boom, people put their money in cocaine and models and German cars. I don't think it helped, but it made for better conversation than going on about the price you bought Yahoo...