From the Transcript of CBS MarketWatch Weekend of Jan. 20th
[FWIW]
By CBS.MarketWatch.com
Last Update: 11:11 AM ET Jan 22, 2001
"...
GROVE: They may be here to stay, but where will they go? Many companies have had to downsize, including Silicon Alley's TheGlobe.com (TGLO: news, msgs) , a Web site devoted to community and games. This year, it laid off 42 percent of its workforce. And after a stellar IPO, the stock is now languishing.
President and COO Dean Daniels says, their priorities have changed.
DEAN DANIELS (president, COO, TheGlobe.com): I think the demands of the business are now different. Before, the idea of getting profitable wasn't on the list of priorities. It wasn't Number One. The idea of getting bigger, the idea of getting market share, the idea of getting out there, that was the highest priority. Now that the priorites have shifted, businesses are focusing on what they need to focus on, which is profitability.
. . ."
www2.marketwatch.com
Looks to me like they're taking your advice. Sounds good.
Quahog |
