VerticalNet embraces essentials of capitalism
Article Abstract:
Yet another internet company has issued a public offering. VerticalNet Inc. is an internet commerce company. After the IPO, the company was worth $738 million on paper. This has made co-founders Mike McNulty and Mile Hagen millionaires over night. Initially, the stock was offered at $16 per share. It closed the first day at $45 per share. The article then goes on to discuss possible futures of the company. Will the company continue to be independent, or be bought out by a larger, older company? Will the company succeed, or, like many IPOs in the high tech world, will it disappear as quickly as it appeared?
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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Eatery debuts with a bang, then reality sets in: running a successful restaurant, as a student founder of Bubble House in Philadelphia learned, takes more than just an idea and an education
Article Abstract:
Greg Berman along with other student partners, opened the 'Bubble House' restaurant in November 2001 that became popular for its signature product, a cold sweetened drink called bubble tea being a novelty in Philadelphia. However, the restaurant could not continue with its success due to lack of reliable workers, increased costs and their option of a full food menu that was not immediately clear to many patrons.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
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MC Donald's face-lift idea for not-so-fast, more lingering
Article Abstract:
McDonalds started a nationwide campaign several years ago to boost sales of the restaurants, as their goal is to make the restaurants "more relevant to customers." The restaurants that started out with only sliding take-out windows grew to include dining rooms, and adopted brick facades as well as added drive-through windows.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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