Word: sharing
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Dates: during 2000-2000
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PRINCETON, N.J.--The good news: on Saturday, Harvard beat Princeton 35-21 and entered into a share of first place in the Ivy League...
...lights, the hostile crowd and the soggy field conditions created a atmosphere full of tenacity, which only ripened in the first thirty minutes as each team had its share of hard strikes, blocked shots and violent fouls...
Judging from the cascade of credit-card offers in your mailbox, you would think there is plenty of competition in the industry. Banks have been leaping over one another to grab more of what industry types call "wallet share"--a bigger chunk of the 80% of U.S. households that already carry plastic. So banks pick fights with other banks. Special, predatory offers abound--2.87 billion mailings in 1999 alone. "Competition doesn't get any better than this," says David Robertson, president of the Nilson Report, a credit-card-industry newsletter...
...flight out of the London Stock Exchange. CEO David Radcliffe led a $450 million management buyout of the firm, a move he saw as the best solution to an increasingly common dilemma. Though Hogg Robinson was profitable--it had revenues of $2.63 billion last year--its share price had slumped because investors considered the company too small to offer "exciting double-digit growth," as Radcliffe explains. With a depressed stock price, the company found it hard to grow and make acquisitions. So in May the board agreed to accept management's bid of $4.28 a share, or 57% more than...
...water, reckons the University of Nottingham's Mike Wright. "The main motivation is that these companies are not really getting a fair valuation in the market," he says. That's a catch-22 for any company unwilling to stagnate. Investors favor bigger companies, but smaller companies with depressed share prices can't do the things needed to grow, like make acquisitions or fund new products and aggressive marketing campaigns...