Word: inc
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Dates: during 2000-2000
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...There were some glad tidings. Yahoo announced Tuesday its online sales had doubled from 1999, and a Goldman Sachs study found that to be about the norm in a $10 billion season for dot-commerce. But that about does it for retail celebrations. Federated Department Stores Inc., of Macy's and Bloomingdale's fame, said December sales would fall short of its original forecasts, and the forecasts weren't that high to start with. Specialty stores like Gap and Banana Republic are disappointed. And if you want to know what PC sales have been like, check the NASDAQ...
...GENE LOGIC INC. PRESIDENT AND CEO: Mark D. Gessler FOUNDED: November 1994 EMPLOYEES: 250 WHAT IT DOES: Builds custom and nonproprietary gene-expression databases...
...found ways to boost growth by cross-selling subscriptions and advertising and running promotions for Time Warner content on AOL. Last summer a promotion on AOL is credited with boosting box-office returns for The Perfect Storm. Perhaps the best success so far has come from collaboration between Time Inc. president Don Logan and Pittman, who engineered a scheme to sell magazine subscriptions via AOL. So far, the combination has produced more than 500,000 orders...
...year, positioning the browser as the central clearinghouse for Time Warner's content. That's not prime Internet real estate, and there are some murmurs within Time Warner that AOL's quest for its own content is exceeded by its lust for rent-paying deals. Don't expect Time Inc.'s Money.com to replace CBS MarketWatch on AOL anytime soon...
...fear is that the AOL contingent will drive for growth too fast. There are rumors that the music or movie businesses might be sold, although Parsons denies this. And at Time Inc., the publishing division, there is concern that fledgling projects, including magazine start-ups, might be cut because the new regime is so short-term oriented. "The minute there is a case where we're being asked to cut into our core business because some other division didn't make its numbers, there's going to be trouble," says an executive. "If top people like Logan, [Jeff] Bewkes...