Word: dollarized
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Dates: during 2000-2000
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Washington lobbying has changed as a result. Not long ago, lobbyists were a lot like their caricature--fat, cigar-smoking men who handed out envelopes stuffed with hundred-dollar bills to compliant lawmakers. Some people who fit that description (except for the cash) still exist, and they're fun to have lunch with. But these days lobbyists are more likely to be advertising executives, public relations specialists, telemarketers, academics and, increasingly, real-life business executives...
RAUL FERNANDEZ, 34 He can put a dollar figure on how much Washington has changed in a decade. In 1988, while serving as an up-and-coming aide to then Congressman Jack Kemp, Fernandez told his boss he wanted to quit Capitol Hill and start his own computer company. Kemp, stunned that Fernandez could think about leaving the epicenter of Washington political life, offered a major incentive to stay: "Stick around, and I'm sure I can get you another $4,000." Quickly calculating that that would bring his salary up to about $40,000 a year, Fernandez walked...
MICHAEL SAYLOR, 35 Few rising stars have fallen to earth--and then started to rise again--with greater speed than cocky, outspoken Michael Saylor, co-creator of MicroStrategy, the multibillion-dollar database powerhouse he founded in 1989 to help companies manage their storehouses of computerized information. Last March Saylor, as CEO, admitted that his company had unintentionally misstated its earnings several years in a row and had actually lost money. Wall Street's reaction was swift: the stock dropped from a high of $313 to a low of $17.93 in a matter of days. But now Saylor is bounding back...
...keep a log of every letter you type and delete. "Scanning for key words and websites is not rocket science," says Jonathan Penn, analyst at Giga Information Group, an e-business advisory firm in Cambridge, Mass. "We're talking about something that's soon going to approach a billion-dollar market...
...growth and real profits. JDS Uniphase last week announced quarterly net income of $114 million; sales increased 173%, to $524 million. Corning earned $525 million last year on sales of $4.7 billion. (Optical components are 70% of its sales.) Unlike e-commerce or B2B start-ups, where forecast multitrillion-dollar markets have turned out to be largely theoretical, optical networking, according to industry consultant RHK, is a $6.6 billion annual business right now and is growing 75% annually. "There is an urgency because everyone feels as if they are going to miss out on the best optics deal," says Darius...