Word: highflyers
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Raymond C. Lee HIGHFLYER...
...Arroyo revels in the details of the job, describing herself as "a plodder, not a highflyer." Her staff have come to expect her customary late-night phone calls demanding updates on even the most picayune government projects: bridge repairs, toilet construction, the delivery of a bulldozer. After one year in office, she says, "by and large, I'm on track." Yet Arroyo, like the Philippines at the moment, is fluttering in an uncertain sky, trying to set a course but too often buffeted by forces that appear far more powerful than she. Poverty reigns, and government programs are hampered...
...like that and the stock up 51% since Jan. 1, the New Economy pundits are scratching their heads. How is it that a flea-market auction site has become the most successful company in cyberspace? And when so many other dotcoms are crashing and burning, will this high-tech highflyer come down to earth anytime soon...
...content." But it also forces the invention of a new currency to reflect it; as the AOL and TWX stock prices yo-yoed up and down last week, it was clear that investors had no idea how to put a price tag on something that was neither an Internet highflyer nor an old-economy cash-flow locomotive. AOL lost about 20% of its value before recovering to $63. Time Warner leaped 58% on the news, then settled at $82, up 26% for the week. In the nobody-knows-anything world of Wall Street, one analyst was predicting a 50% increase...
That said, from a purely business standpoint Fiorina was a logical choice to take over HP, coming off a remarkable run as president of the $20 billion Global Services division at Lucent. She was partly responsible for re-engineering Lucent into a technology highflyer from what was once Ma Bell's phonemaker. Lucent is now a leading global supplier of cell-phone networking gear and the digital-switching systems that are critical components of voice and data networks--you know, the Internet. She even helped design the red-swirl logo that marks Lucent as a leading-edge company...