首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
(46)At a time when Wall Street firms are being punished for misleading investors about dot-com stocks during the bubble, it’s al
(46)At a time when Wall Street firms are being punished for misleading investors about dot-com stocks during the bubble, it’s al
admin
2010-11-27
30
问题
(46)
At a time when Wall Street firms are being punished for misleading investors about dot-com stocks during the bubble, it’s all too easy to confuse financial excitement with technological reality.
Many people are quick to dismiss any talk of an "Internet revolution" as so such’ 90s chatter. (47)
There is a world of difference between crazy evaluations and serious technology, between Internet stocks and the Net itself.
While investors have been complaining about their fate, chief executives have been busy embracing the Net. It’s time to get over the bubble talk and get real about technology’s promise.
Or risk falling behind. The strong upturn in profits last quarter during a period of weak economic growth is proof to the productivity—enhancing power of the Net. Through boom, bust and recovery, annual productivity growth has powered along at around 2.5%. Without it, companies would have been forced to cut payrolls even further during the worst days of the decline. With it, companies are generating higher profits without big gains in revenues. As the economy picks up steam, productivity will likely boost profits even further.
Despite usual wisdom, electronic business has exceeded even the dreamy projections of 1999. Business-to-business commerce conducted online will reach $2.6 trillion in 2003. And many surviving dot-com companies are doing surprisingly well. (48)
Some 40% of publicly held Net companies, including Amazon. com Inc., were profitable in the fourth quarter of 2002, and half are expected to be profitable by the end of this year.
True, there has been vicious disaster in the field. Venture capitalists poured $100 billion into more than 6,000 Net startups over the past decade, and 2,000 disappeared. Many ideas, some crazy and some not, failed. But eBay, Amazon.com, Yahoo!, Google, Expedia, and others are making money, thanks to a recovery in online advertising and they are changing the face of business.
Just as the former IBM Chief Executive Louis V. Gerstner and others predicted, mainstream Corporate America is turning out to be the chief beneficiary of the Internet. Using it, companies are streamlining production, inventory, and sales; cutting costs; and tracking their customers. It apparently takes four to six years after first installing new systems before productivity gains are maximized. (49)
Most companies are in their third or fourth year, which may explain why productivity growth has been rising consistently during the downturn, instead of dropping as it usually does in a fall.
It may also mean that productivity and profits may be stronger than expected in the second half of 2003 and in 2004.
The US economy has had bad luck for three years. The bubble, terrorism, corporate fraud, war, and now SARS. Yet it has weathered these mostly unexpected shocks rather well. Smart financial and economic policy has helped. (50)
But the real key has been Internet technology, which provided the flexibility and productivity to adjust quickly without drastic cuts.
Think what the Net will do for the economy when we get back to normal.
选项
答案
盲目的崇拜和严谨的技术之间,互联网股票和网络本身之间有很大的差异。
解析
转载请注明原文地址:https://kaotiyun.com/show/qfZ4777K
0
考研英语一
相关试题推荐
Theword"minutes"(Line6,Paragraph2)mostprobablymeans______.Whichofthefollowingswouldbethebesttitleforthete
Politicalcontroversyaboutthepublic-landpolicyoftheUnitedStatesbeganwiththeAmericaRevolution.(1)_____,evenbefore
Politicalcontroversyaboutthepublic-landpolicyoftheUnitedStatesbeganwiththeAmericaRevolution.(1)_____,evenbefore
Accordingtothetext,whichofthefollowingisbeyondthepublic’santicipation?ThecreationOfthecheaplaptopmentionedi
Onceacirclemissedawedge.Thecirclewantedtobewhole,soitwentaroundlookingforitsmissingpiece.Butbecauseitwas
Whichofthefollowingcan’tweinferaccordingtotheauthor?Whowillmostprobablyacceptprivatesectorinwatertreatment?
Thephrase"cropup"inthefirstparagraphmostprobablymeans______.IncontrasttoDr.Connolly’sstudy,thepreviousones
Whatistherelationshipbetweenthe2ndparagraphandthe3rd,4thand5thparagraphs?Itcanbeinferredfromthelastparagr
Accordingtothefirstthreeparagraphs,thenewsmediadowellin______Thephrase"Hardnews"(Line3,Paragraph3)canbepa
Itcanbeinferredfromthefirstparagraphthat______.Peoplearearguingagainstthisproject,mainlybecause______.
随机试题
李某为资助15岁的王某上学,与王某订立赠与合同,赠与王某10万元,并就该赠与合同办理了公证。后李某无正当理由,在交付给王某6万元后就表示不再赠与了。根据合同法律制度的规定,下列表述中,正确的是()。
将水喷洒于空气中而使空气减湿,应该使水温()。
进口国国内的分销渠道的组成有_______、批发商、零售商。
u=f(x+y,x2,ysinx),求
ForanincreasingnumberofstudentsatAmericanuniversities,oldissuddenlyin.Thereasonisobvious:thegrayingofAmerica
先天性乳糖酶缺乏腹泻胰性霍乱综合征
某种职业道德对该行业以外的人( )。
随着科学技术的发展,机器“思维”将取代人类思维。
设4元齐次方程组(Ⅰ)为且已知另一4元齐次线性方程组(Ⅱ)的一个基础解系为α1=(2,-1,a+2,1)T,α2=(-1,2,4,a+8)T.求方程组(Ⅰ)的一个基础解系;
England’sbinge-drinkinghabitisoneofthemostentrenchedinEurope—evenRomaninvaderswroteaboutitwithhorror.Manyfear
最新回复
(
0
)