Old economy companies learn new economy tricks
Article Abstract:
Walgreen exemplifies so-called Old Economy companies which are able to properly use the Internet. Walgreen lost more than 40% of its stock value in 1999 when rival Drugstore.com conducted its initial public offering in 1999. Walgreen responded to Drugstore.com's challenge by methodically planning, developing and establishing an electronic commerce system that has proven to be as sophisticated as that of most pure e-commerce companies. The firm's stock value has more than doubled as of Dec 2000. Drugstore.com, meanwhile has announced a layoff and its stock has lost nearly all of its initial value.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
WorldCom shareholders OK restructuring
Article Abstract:
WorldCom Inc has announced that its shareholders approved on Jun 7, 2001, the proposed separation of the company's long distance telephone business from its fast-growing data and Internet operations. Starting Jun 8, 2001, the company's MCI Group operations, which include the consumer, small business, wholesale long distance and dial-up Internet access operations, will trade under a tracking stock symbol MCIT.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Bruised Cisco faces crucial juncture on road to recovery
Article Abstract:
One time king of the hill now falling on hard times. Analysts say Cysco Systems Inc., once rated even higher than Microsoft has become too big and too slow to compete with up-and-coming rivials such as Juniper Networks and Riverstone Networks and needs to make major company revision.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: China Widens Economic Role in Latin America. Third World Is New Factor In Succession. This Year, Ontario May Pass Michigan In Making Vehicles
- Abstracts: Road smarts: technology will create safer automobiles. Borrowing to learn: as tuition climbs, students brace for a high-debt future
- Abstracts: Celtic comes on strong. Increasing their word power: authors and readers flock to literary love-ins
- Abstracts: Why they command my respect. Thou shalt not spin
- Abstracts: Tech giants stomp on hopes. Trash hauler thrashed. Amazon to post earnings; president leaves