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Friday, May 24, 2002

find related articles. powered by google. Online Journalism Review AOL Time Warner: Time to Grow Up, Fast

"Let's forget our stock portfolios for a moment and focus on something that's much more significant over the long haul: the vitality and independence of the news outlets at the world's largest media company.

What impact has the merger had on the news operations of the world's first Internet-powered media company? How is this game of media monopoly affecting the players -- the journalists, the readers, the public?"

redux [04.01.02]
find related articles. powered by google. The Washington Post AOL Merger Doesn't Add Up

"As AOL Time Warner Inc. stock sank last week to the lowest level since the companies announced plans to merge two years ago, the biggest merger in corporate history looked more and more like the biggest blunder.

"The merger of AOL and Time Warner was "an absolute mistake," Berry said. "The only reason it went through is that this was during the silly times in the market. Otherwise, there was not a chance in hell.""

redux [01.24.02]
find related articles. powered by google. The Economist Who's afraid of AOL Time Warner?

"Only six months ago, the merger of AOL and Time Warner was reshaping the media industry, for two main reasons. First, because of its size: it was more than twice as big as its nearest rival, Viacom, and everybody else was scared of being trampled under the sheer weight of the new group. And second, because AOL Time Warner seemed to be redefining the nature of media itself, through its fusion of old and new. At that time, most activities of other big media groups—whether News Corp’s obsession with snapping up DirecTV, a satellite broadcaster (which, for now, it has failed to do), or the attempts by Vivendi Universal, a French media giant, to secure distribution in America (which it has done)—could be explained by their need to stand up to AOL Time Warner..

Today, however, things look a little different."

redux [12.06.01]
find related articles. powered by google. News.Com AOL: Just a cog in big media's wheel

"Old media officially took control of new media within the world's largest media company Wednesday, when CEO Gerald Levin unexpectedly announced his retirement. By selecting former Time Warner executive Parsons as his successor less than a year after the AOL-Time Warner merger, Levin disproved many assumptions about the direction of a company conceived at the height of dot-com power--and about the role of the Internet in creating a brave new world of media. Essentially, the establishment neutralized the revolution.

"In its role in a diversified media company, the Internet has a place as does any other medium," said Mark Mooradian, an analyst at Jupiter Media Metrix, commenting on the significance of the power transfer. "The Internet is simply another one.""

redux [07.08.01]
find related articles. powered by google. Columbia Journalism Review AOL/TW spells BIG

"Like its earthly manifestation, which also encompasses portions of Rockefeller Center eight blocks downtown and AOL's digs in Dulles, Virginia, the intangible cultural sprawl of AOL Time Warner is also vast and diverse. With content spanning much of mainstream music, movies, television, magazines, and other media; with access to the distribution of cable and online services; with some 90,000 employees including some 17,000 at Time Inc. and CNN; and with a combined customer base 130 million subscribers strong, the new company is dealing with the convergence of old media and new on an incomparably large scale. Because of its sheer size and the strength of its news brands, CNN and Time Inc., the forces and patterns set in motion by AOL/TW may well affect everyone in journalism -- in print, on TV, and in the evolving online frontier."

redux [03.09.01]
find related articles. powered by google. MSNBC Frays, both small and big, emerge after AOL, Time Warner merger

"In the Time Inc. division, which is the largest magazine outfit in the U.S., concerns are multiplying faster than staffers initially imagined. Some at Time Inc. are increasingly wary that the magazine business could be threatened by AOL?s lack of journalistic savvy and the huge pressure to meet AOL Time Warner?s extremely aggressive financial goals ? including increasing cash flow 30 percent this year ? amid an ever-deteriorating advertising climate."

"AOL Chairman Steve Case?s answer: The pressure would force people to abandon old ways of thinking and forge new relationships across its various units."

redux [02.21.01]
find related articles. powered by google. BusinessWeek AOL Time Warner: Newsstand or Publisher?

"From the Web's beginning, in 1995, a debate has simmered over the ethics of online journalism. Most established media have maintained as clear a distinction online as they do in print between news and commerce. Pure dot-coms, by contrast -- and so-called portals, in particular -- have been willing, even eager, to pair editorial and sales in ways that aren't entirely transparent to readers.

"AOL's purchase of Time Warner and its Time Inc. publishing unit -- a prominent ASME member -- has, overnight, transformed the world's largest and most profitable dot-com company into the world's largest and most prestigious magazine publisher as well. It has thus moved the debate over the Web's journalistic ethics from the realm of the theoretical to the intensely practical. The issue is: Whose standards should prevail -- those of AOL Time Warner the publisher or those of AOL Time Warner the newsstand aggregator?"

redux [04.11.00]
find related articles. powered by google. USA Today AOL to newspapers: Your future is online

"America Online's president sees home entertainment and communications as a collection of boxes. The TV set is the ''tell-me-a-story box.'' The personal computer - ''the manage-your-life box.'' The CD player? ''The give-me-a-mood box.''

The roles for those machines may be quickly evolving and the lines between them blurring. But Bob Pittman still sees plenty of room in American life for the newspaper out in the mailbox."

"In remarks that were part pep talk, part cautionary tale, he said practitioners of the written page can thrive in the new communications age if they are aggressive about getting their content online and don't defy a consumer-driven Internet culture that wants more and more at little or no cost."

redux [03.21.00]
find related articles. powered by google. Online Journalism Review A Post-Mortem, With Great Prejudice, of the Online Journalism Conference

"The choice of Sacks as primary attraction of a journalism seminar -- he's senior vice president and general manager of America Online -- was controversial enough to make one editor of Online Journalism stay home in protest. Yet it was strangely invigorating to hear this smug megacorporation executive lecture on his own importance, and how all journalists will play by AOL/Time-Warner's rules from now on, because, as Sacks said, "We're the biggest guys. We're big, and we're bad."

""If our goal was to publish bad magazines, by the way, we could have done that without a $120 billion merger." Before Sacks finished, he had happily proclaimed, "We do no original news," and described the new world of reporting as "an integrated consumer experience." Gives you an idea about how AOL might cover a famine."

9:34 AM

Thursday, May 23, 2002

find related articles. powered by google. News.Com Why 3G should fear the wireless LAN

"To be sure, the technologies may be complementary, but might wireless LANs still whittle away at carriers' 3G revenue?

Wireless LAN operators in so-called hot zones can offer service more cheaply and won't be constrained by spectrum and infrastructure costs. As a result, it will be much easier for them to pass down lower costs to consumers. Cellular operators are trying their best to cut 3G launch costs, but they still don't have the ability to wage a mobile data price war--and won't be in any position to do so for the near future."

find related articles. powered by google. Unstrung Why 2.5G Plus WLAN Doesn't Equal 3G

"Now, don't get us wrong -- we here at Unstrung are very excited about the many, many applications of wireless LAN technology. But talk of a combination of 2.5G technology and wireless LAN public access points supplanting 3G is just plain wrong, especially on the old continent."

"However, if carriers do start to roll out WLAN services, Unstrung will make one last bold prediction: You can kiss the idea of WLAN services being cheap or even free goodbye. Despite the fact that WLAN bandwidth is cheaper, carriers won't be keen to eat their cellular margins by offering an inexpensive alternative."

redux [03.17.02]
find related articles. powered by google. MSNBC Welcome to your future Internet

"Have you ever checked your e-mail over a high-speed Internet connection, while waiting at a bus stop? Have you ever chatted with your pals on the Net, using high-definition television? How about hooking your car up to the Internet so that someone knows where you are at all times? These feats are no half-baked visions of the future. Somewhere in the world, they’re being done right now.

THE SAME KINDS of people who brought you the Internet three decades ago — academics and military types, corporate gurus and pony-tailed geeks — are doing it again."

find related articles. powered by google. ComputerWorld Wireless LANs gain over cellular

"A growing number of localities have already decided to sidestep emerging third-generation cellular technology in favor of making creative use of wireless LANs.

Greg Anderson, director of IT for the city and county of Broomfield, Colo., said he plans to cut off his Cellular Digital Packet Data service from Redmond, Wash.-based AT&T Wireless Services Inc. because it's too costly and the data rates are too slow. And he said he has no intention of using the more advanced 3G cellular once he completes his industry-standard 802.11 wireless LAN, or Wi-Fi, installation countywide later this year."

redux [03.04.02]
find related articles. powered by google. The New York Times The Corner Internet Network vs. the Cellular Giants
[requires 'free' registration]

"Mr. Pozar, a radio engineer, is a member of the Bay Area Wireless Users Group, an active band of hobbyists who have been building free networks in communities through the region. Mr. Pozar and some of his friends have quietly begun obtaining the rights to place $2,000 wireless network access stations on the mountains and hilltops that encircle San Francisco Bay. If he succeeds, the network will be a starting point for a wireless data network that could eventually spread all over the Bay Area.

Significantly, what will set Mr. Pozar's planned Sunset Network and those like it apart from the commercial cellular networks now being constructed at great expense is that they will "self assemble" — expanding from one neighborhood to the next as individuals and businesses join by buying their own cheap antennas that either attach to the wired Internet or pass a signal on to another wireless node."

find related articles. powered by google. The New York Times Good (or Unwitting) Neighbors Make for Good Internet Access
[requires 'free' registration]

"One of the site's supporters, a nonprofit group called nycwireless.org, recently persuaded the Bryant Park Restoration Corporation to jettison a plan to provide Internet cables in a small area of the park, in Midtown Manhattan. Instead, the restoration group will finance the installation of an 802.11 network designed to bathe the entire park in bandwidth this summer.

"We thought it would make people want to stay in the park," said Daniel A. Biederman, executive director of the restoration group, a private organization that oversees the park."

find related articles. powered by google. The Portland Business Journal 'Geeks' unite in a quest to make wireless world

""The goal is to facilitate the free exchange of information," said Shand. But since fast internet access is a powerful draw for many people, the idea of free high-speed access from anywhere is what gets most people interested. "Democratizing broadband," as Shand puts it, is a good way to facilitate the free exchange of information.

The obvious questions, though, are "Is it legal?" and "Won't the ISPs get mad?""

find related articles. powered by google. Salon Waiting for Wi-Fi

"Despite the buzz over unplugged coffeehouses, free community networks and war driving, jacking in to the wireless Net is still next to impossible. Even in cities like New York, Seattle and San Francisco where public wireless projects are prevalent, working access points are rare. Technology writer Mark Durham, currently in the process of mapping all available Wi-Fi nodes in San Francisco, says you're better off looking for a pay phone. "I've got about 105 listed," he says. "But that includes Starbucks."

If there's one technology that doesn't need evangelizing, it's wireless Net access. But while there are some start-ups out there, such as EarthLink founder Sky Dayton's Boingo, that may succeed in leading us to the promised wireless land, there are also plenty of prominent failures."

redux [02.12.02]
find related articles. powered by google. NPR: Morning Edition Wireless Internet

"NPR's John McChesney visits Aspen, Colorado, where entrepreneur Jim Selby has set up a wireless network that gives residents quick access to the Internet. Selby has put directional wireless antennas on about 40 homes in the hills surrounding Aspen, so nearly the whole town can receive signals that provide his free wireless Web connection. To form the network, he uses a WiFi (why-fy) transmitter. A new company called "Boingo" makes software that would enables wireless access to WiFi service providers across the country. (6:11)"

redux [11.27.01]
find related articles. powered by google. MIT Technology Review Unwiring the Web

"It’s an increasingly common scene: a telecommuter perched on a park bench, pecking away at a laptop. But a peek over her shoulder reveals a more startling sight: she’s surfing the Web, outdoors and cable free.

Anywhere, anytime Internet access is gaining ground across the United States as wireless networks owned and run by their users spring up in more cities each month—25 at last count."

find related articles. powered by google. News.Com Survey: Local wireless networks to nip 3G sales

"Wireless hotspots using public access local area networks in airports, hotels and even on Japanese trains may face temporary problems like the rest of the telecoms industry. But the mid-term predictions are for massive growth. And as Clive Couldwell point outs, they will not only be an increasing threat to mobile operators but also provide plenty of opportunity for fixed-line operators and isps to add some mobile services cheaply."

"Mobile operators should certainly be worried. The combination of no licence fees - because they operate in the unlicenced 2.4 ghz band - relatively cheap and easy installation, a wide and growing potential customer base and high-speed connectivity - offering data rates of up to 11 mbps to wireless-enabled laptops or handhelds within 50 metres of any access point - means that these wireless hotspots will spread ever faster across the world."

find related articles. powered by google. Total Telecom Hotspots mean business

"Fast Internet access over small wireless networks in restaurants, hotels and airports will soon start hurting telecommunications operators, a new survey found Monday.

More than 20 million Europeans will use some 90,000 open Wireless Local Area Networks (WLANs) by 2006, market research group Analysys said. Today there are up to 20,000 WLAN users, most in the United States."

redux [08.26.01]
find related articles. powered by google. Infoworld 'Parasitic grid' wireless movement may threaten telecom profits

"AN UNDERGROUND MOVEMENT to deploy free wireless access zones in metropolitan areas is taking hold. If it turns out to be successful, wireless network operators may be fighting against a grounds-up movement that could undermine their multibillion-dollar campaign to offer next-generation 3G (third-generation) wireless services in major metro areas.

The movement, called by some the "parasitic grid" and by others more simply the "free metro wireless data network," has already installed itself in New York; San Francisco; Seattle; Aspen, Colo., Portland, Ore., British Columbia; and London."

redux [04.14.01]
find related articles. powered by google. The Street Can You Kiss 3G Goodbye -- and Still Make a Buck?

"Permit me to throw a stick of dynamite in the room: Third generation, or 3G , wireless is dead before it was even born. And after billions wasted on 3G, it's going to be replaced by free wireless local area networks, or LANs.

A technology that the cell-phone industry is spending untold billions on, 3G promises to deliver high-speed data precisely where you don't need it -- on your phone. On the other hand, homes, offices, coffee shops, airports and hotels are building out cheap and grass-roots wireless local area networks that deliver even higher-speed access where you do need it -- your personal digital assistant and your laptop."

redux [09.09.01]
find related articles. powered by google. Infoworld Users reject notion of 'parasitic grid'

"Burton subscribes to the term "Open Network Access Point," believing the scale that could be achieved by widespread adoption of wireless access point would be amazing.

But as with many stories, there is a dark side. Both Burton and Pozer agree individual providers of these access points, which can cost as little as $150, must be aware of the legal implications."

""The Internet has always been revolutionary," Burton said. "What you're seeing now is the old school revolting.""

find related articles. powered by google. O'Reilly Network Weblogs: David Sims A "parasitic grid"? At these rates?

"That was funny. I laughed and laughed. It doesn't feel very parasitic every month when I pay my DSL bill. There's nothing parasitic about a community network. The bandwidth is paid for. People are taking their existing connections and letting other people share it. There's nothing new.

I think what has people scared is that, as I know and others know, bandwidth is significantly oversold. If everybody wanted to request their 384 kilobits or their 1.5 Mbps at the same time, you'd have the same thing happening that you had in the twenties with the run on the banks. The infrastructure can't support it, even though it's sold as such. I think that's where the fear is coming from on the telco side."

redux [08.15.01]
find related articles. powered by google. The Village Voice High Speed, Freed

""This is why I love New York," says Anthony Townsend, standing in the middle of Washington Square Park, holding his laptop computer like a butler's tray and scanning the adult playground the place becomes on hot summer evenings. Where else, he asks, can you walk around with a computer, surf the Web, and go utterly unnoticed?

As if to prove his invisibility, or perhaps to demonstrate that he belongs, he hoists his machine like some digital prayerbook and begins chanting: "Jesus! Jesus! Thank you!"

No one - not the guy playing the Ramones on acoustic guitar, not the tonguing teenage lovers - notices this modern miracle worker or the cybernet he has cast around them. Along with some 30 other volunteers in a group called NYCwireless, Townsend's on a crusade to set up wireless Internet access zones: small areas, often called free networks, where people can tap into high-speed connections, without cables or phone lines, at no cost"

redux [12.10.00]
find related articles. powered by google. Washington Post 'Free' Wireless Networks?

"With its meticulously preserved rows of army barracks and offices, San Francisco's Presidio neighborhood gives off the illusion that it's still the 1800s, when it was a bustling spit-and-shine military base.

The wireless Internet antennas sprouting everywhere suggest something else: Today's civilian community is home to a very unregimented attempt to build a homemade wireless Web that seeks to rival the expensive plans of telecommunication conglomerates and other corporations."

""I use it in bed, at the cafe, in the car, on the grassy fields," says Brewster Kahle, a 40-year-old high-tech entrepreneur who lives and works in the area. "I'm living a wireless existence."

find related articles. powered by google. Salon Unchaining the Net

"Matt Westervelt and three of his friends had tinkering on their minds when they started building their own high-speed wireless network in June. Climbing on the roofs of their Seattle homes, building antennas and trying to make them work with Ethernet protocols sounded like fun. Plus, if the whole shebang actually worked, they figured they'd be able to access their home computer files from the local cafe, play Net-based games while sitting on each other's couches and stream video onto their personal data assistants -- all at speeds of up to 11 megabits per second, far faster than what cellphone operators or other wireless providers offered."

"Call it "the free-network movement" -- a bubbled-up-from-the-underground effort to spread high-bandwidth wireless connectivity everywhere."

11:18 PM

Wednesday, May 22, 2002

find related articles. powered by google. Wired News Tech Toxics' Tarnished Legacy

"California high-tech manufacturing companies are degrading the environment in developing countries, a new research report confirms.

Case studies done in Taiwan, Malaysia, India, Thailand, and Costa Rica by the California Global Corporate Accountability Project document water pollution and inadquate waste management resulting from component production."

redux [04.06.02]
find related articles. powered by google. NPR: All Things Considered Activists Push for Safer E-Recycling

"Americans will throw out about 10 million old computers this year. About two-thirds of these will be shipped to Asia for dismantling by rural villagers. The computers all contain mercury and lead, and the resulting toxic waste has become a threat to villagers' health and environment.

"A coalition of activists and lawmakers has been working to improve the situation, and in recent weeks they've gotten a signed pledge from electronic manufacturers in the United States to consider a new solution."

find related articles. powered by google. Mother Jones Growing Health Problems Among Semiconductor Workers

"Workers in Silicon Valley's semiconductor plants toil in head-to-toe protective clothing designed to keep impurities from contaminating the microchips. But Mother Jones magazine reports that the growing incidence of health problems among these workers suggests that it is they who need protection. At least 250 workers have filed lawsuits against high-tech companies, charging that the toxic soup of chemicals in production areas has triggered high rates of miscarriages, birth defects, and cancer."

redux [05.04.00]
find related articles. powered by google. San Francisco Bay Guardian Silicon Hell

"Behind the well-paid geeks in cubicles and the sharp-dressed entrepreneurs is an industry that consumes as many resources, uses as many lethal chemicals, and generates as much toxic waste as some of the worst culprits of the pre-Internet age. And both industry workers and the people who live near the plants are feeling the effects: the toxins damage aquatic life in the bay, poison drinking water, and, increasing evidence suggests, kill high-tech industry workers.

While the federal government, local agencies, and hundreds of thousands of Bay Area residents and company workers are dealing with the computer industry's mess here in America, the same (or worse) problems are spreading worldwide."

9:05 AM

Tuesday, May 21, 2002

find related articles. powered by google. NPR: All Things Considered Merrill Lynch Settlement

"NPR's Beth Fertig reports that Merrill Lynch has agreed to settle charges it misled investors with inflated stock ratings. The nation's largest brokerage firm will pay $100 million to New York and other states. The settlement follows a 10-month investigation by New York's attorney general, who uncovered embarrassing emails in which Merrill Lynch analysts made negative comments about the very same stocks they were recommending to the public. (3:30)"

find related articles. powered by google. Salon Lock up the analysts and throw away the key

"But will individual analysts take a fall? History suggests they won't. White-collar criminals almost never pay out of pocket or go to jail. The reasons go deeper than just the ability of analysts to hire the best lawyers. According to experts, American capitalism at the turn of the 20th century does a great job of encouraging entrepreneurship and risk taking but lacks an effective mechanism for punishing those who go too far. The two predominant legal responses -- the criminal prosecution and civil class-action suit -- continually fail to do the job."

find related articles. powered by google. The Street Stock Analysts' Dirty Little Secret

"The real skinny is that virtually no one who matters in the investment industry -- which is to say, portfolio managers at large pension, mutual and hedge funds -- ever took nine-tenths of research reports seriously. Only the public did. As I explained in my book Online Investing, analysts at the major brokerages for years have been looked down upon by institutional investors as sales support staff, a pack of kids with fancy college degrees who provided little more than PR material for the retail brokerage and investment banking teams. If they were called "promoters" rather than "analysts," the public would have had a better idea of their role in the retail investment ecosystem. The funds have their own, unbiased, independent staff analysts."

redux [04.19.02]
find related articles. powered by google. The Motley Fool How Do Analysts Sleep?

"It should have been the "big-freaking-surprise" story of the year, and yet we still find ourselves shocked at the cynicism and self-interest of Wall Street's equity analysts. We have known, and yet not known, that analysts commanded enormous salaries based in no small part on their ability to drive investment banking business to their companies. After the Attorney General of New York's inquiry, we know for sure, and the truth is as bad as we imagined."

redux [04.10.02]
find related articles. powered by google. The Washington Post Analysts Accused Of Touting Tech 'Junk' To Boost Profits

"At the height of the technology bubble, Henry Blodget and other Internet analysts at Merrill Lynch & Co. issued glowing reports about companies that would later crash, while privately deriding the stocks to one another in salty, dismissive language.

One company given a top rating by analysts was described in-house as "a piece of junk." Another was called "such a piece of crap," even though analysts in Merrill's Internet group told investors to buy more of it for their portfolios. One analyst worried that regular investors "are losing their retirement" because of the misleading advice."

redux [08.21.01]
find related articles. powered by google. The Standard Days of Reckoning

"There is something a bit disingenuous about this legal assault, which is, after all, mainly about people who lost money speculating in the stock market. Some are suing because they couldn't get shares in initial public offerings at the offering price; others are suing because they got the shares and lost money on them. Federal regulators and politicians are suddenly shocked - shocked! - to discover that conflicts of interest are rampant on Wall Street.

Still, with $3.3 trillion up in smoke since the Nasdaq hit its peak in March 2000, it's hardly surprising that the people and institutions that helped engineer the epic Internet bubble are being called to account. And for the technology finance industry - which was transformed by the Nasdaq's boom from a relatively obscure West Coast offshoot of Wall Street into a major source of growth and profits for top-tier firms such as Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Credit Suisse First Boston and Merrill Lynch - it's going to be a painful reckoning indeed."

redux [07.19.01]
find related articles. powered by google. The New York Times Opinion Page Cleaning Up Stock Market Research
[requires 'free' registration]

"Investment banks, whose analysts were touting stocks with overwhelming zeal even as the stock market started crashing, are now trying to rehabilitate their images. Last week Merrill Lynch , by some measures the world's biggest investment bank, declared that except under strictly monitored circumstances, its analysts would be prohibited from holding shares in the companies they research. The goal is to remove any incentive for them to boost a stock to ensure their own enrichment. But this novel policy will not entirely prevent conflicts of interest from arising. It should be regarded as a springboard to a more complete revamping of the relationship between publicly available research and investment banking."

redux [06.27.01]
find related articles. powered by google. News.Com Will Wall Street analysts turn apologetic?

"Wall Street analysts are known for a lot of things--being too optimistic, failing to warn investors about the dot-com crash, and being the latest target for Congress--but they usually aren't known for their apologies."

"Morgan Stanley analyst Jeffrey Camp cut Exodus to a "neutral" from "strong buy" and gave his clients an apology.

"There are few moments in my career that rival this one in its difficulty and unpleasantness. Elbert Hubbard said, 'The line between failure and success is so fine, we scarcely know when we pass it.' But passed it I have, and it is time to own up," Camp said."

redux [06.11.01]
find related articles. powered by google. News.Com Did so many get it so wrong?

"As pundits rush to explain what happened on Wall Street, fingers point to the thought leaders. We read exposés on Mary Meeker and Frank Quattrone--once dubbed geniuses--and wonder how they could have sponsored initial public offerings for the nth online grocer or women's portal. Or we ask ourselves how stock analysts could ride a stock all the way down from $150 to $3, all the while touting it as a "strong buy.""

"These are people who were supposed to be making smart decisions. How did they get it so wrong? The answer is, they didn't. "

redux [05.10.02]
find related articles. powered by google. Business2.0 Who's to Blame for the Dotcom Insanity?

"And yet, as compared with previous bubbles -- say, junk bonds in the '80s -- the dotcom fiasco owed relatively less to Wall Street's lack of ethics and relatively more to willing contagion by the public itself. "The market wanted these stocks," Blodget observed to CNBC, and Blodget was right. By the millennium's waning months, it was common, for example, to see engineers in Silicon Valley with CNBC in one pop-up window on their computer screens and their brokerage accounts in another, and they would -- or so I'm told -- trade all day and scarcely attend to their jobs.

Of course, the financial press -- CNBC in particular -- fanned the flames, but faulting it or any other group misses the epidemic nature of the contagion, which naturally infected the whole of society without distinction."

redux [03.13.01]
find related articles. powered by google. The Washington Post Who Blew the Dot-Com Bubble?

"Henry Blodget, Wall Street's loudest cheerleader for Internet stocks, made it to the front page of the New York Times last week. And thereby hangs a tale about the media and the bubble."

"For it was the mainstream media -- which now take such delight in scolding those involved in the dot-com mania -- that helped push the idea that anyone could get rich by playing the market.

"The media invented Blodget," says Christopher Byron, a columnist for Bloomberg News and MSNBC. "In a bull market everyone loves to cheer, and Henry Blodget was everyone's first phone call. . . . Where were they when companies were trading for 150 times revenues? They were repeating the words of these guys. It's disgusting."

8:36 AM

Monday, May 20, 2002

find related articles. powered by google. The New York Times Entrepreneurship Is Fun. Then There's the Day Job.
[requires 'free' registration]

"A growing number of people are poised to take that chance. Last year, roughly 8 percent of working-age Americans, or 13.5 million people, started businesses, according to the Global Entrepreneurship Monitor, an index of entrepreneurial activity in 40 countries that is compiled by Babson College in Wellesley, Mass., and the London School of Business. In 1993, about 4.5 percent of working-age Americans started businesses, according to Paul D. Reynolds, a professor of entrepreneurship at the two institutions and coordinator of the project, which last year surveyed 3,000 Americans ages 20 to 64.

During the start-up stage, about 65 percent of entrepreneurs have full- or part-time jobs, Mr. Reynolds said."

find related articles. powered by google. Seattle PI A prof delves into the mind of the entrepreneur

""It was very clear in my mind that entrepreneurs think differently," said Sarasvathy. "Anybody who has worked with entrepreneurs to any extent knows that there is something different or funny about them. So I started with that premise.""

"After analysis of transcripts from each individual, a common theme appeared. Entrepreneurs were not goal-oriented, rather they used the materials at hand to create opportunities. Sarasvathy compares this to a chef, who instead of working from a set recipe, combs the cupboards looking for ingredients in hopes that something tasty can be created."

find related articles. powered by google. Saras D. Sarasvathy What makes entrepreneurs entrepreneurial?

"Entrepreneurs are entrepreneurial, as differentiated from managerial or strategic, because they think effectually; they believe in a yet-to-be-made future that can substantially be shaped by human action; and they realize that to the extent that this human action can control the future, they need not expend energies trying to predict it.".

9:07 AM

"You're not a designer, you're not a writer, and you're not an editor!"

Well, no, blogger, you're not. And therein lies your gift. Because even if it's true the vast majority of blogs would not be missed by more than a handful of people were the earth to open up and swallow them, and even if the best are still no substitute for the sustained attention of literary or journalistic works, it's also true that sustained attention is not what Web logs are about anyway. At their most interesting they embody something that exceeds attention, and transforms it: They are constructed from and pay implicit tribute to a peculiarly contemporary sort of wonder.

...[T]he Web log reflects our own attempts to assimilate the glut of immaterial data loosed upon us by the "discovery" of the networked world. And there are surely lessons for us in the parallel. For just as the cabinet of wonders took centuries to evolve into the more orderly, logically crystalline museum, so it may be a while before the chaos of the Web submits to any very tidy scheme of organization.

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