Word: stocking
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Dates: during 2000-2000
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Last week, Apple's board of directors demonstrated its gratitude. They granted Jobs 10 million stock options, already worth $200 million, and threw in $90 million to purchase and care for a Gulfstream V jet, perhaps to taxi the multidimensional CEO from his desk at Apple in Cupertino, Calif., to his other CEO job at Pixar Animation Studios, a few short miles across San Francisco Bay. "This guy has saved this company," says board member Edgar Woolard Jr., a former chairman of DuPont...
Under Jobs' leadership, Apple's market capitalization has risen to nearly $18 billion from less than $2 billion, and its stock has soared to $111 from $12. In its latest quarterly report, the company showed solid gains in revenues and earnings. "We shipped more Macs last quarter than in any other quarter in Apple's history," Jobs, 44, told TIME. "But I don't think we're through in any sense...
Jobs' supporters--and there are plenty--point out that before he took over, Apple's reputation had sunk as low as its stock. Today its colorful iMac portable and desktop models, which he hustled onto store shelves within months of his arrival, are highly profitable competitors in the cutthroat computer market...
...have the bond vigilantes lost their effectiveness? John Manley, a market analyst at Salomon Smith Barney, traces it to the stock market's wealth effect. "People have money," he says. "Why wouldn't they spend it?" If you're sitting on stock worth twice your dreams, it's unlikely that higher rates will keep you out of the mall. And consider: more folks can sell stock and pay cash for a boat, a car, even a house. If they don't have to borrow, interest rates are immaterial...
Electronics dealer Crutchfield.com isn't the only e-tailer that e-mails customers to confirm that an order has been received, and e-mails again when the shipment has left the warehouse. But the company is one of the savvy few that post whether a given item is in stock (a more helpful variation of Amazon's "usually ships within 24 hours"). Many consumers Gomez surveyed said they wished more sites tracked inventory in real time, Frankle notes...