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.

Pharmacies and Drug Stores, Drug Store Chains, Walgreen

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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.

Communications, Broadcasting and Telecommunications, Telecommunications industry

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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.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, California, Data Communications Equip, Data communications equipment, Cisco Systems Inc., CSCO, Company Profile

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