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General Resources:
FORTUNE 500
Arthur Anderson:
Airborne Express
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Airborne profit falls 49 percent as rivals gain business Seattle Times, July 25, 2000 by Bloomberg News
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Eddie Bauer
Brooks does business in over 80 countries worldwide and is headquartered at 19820 North Creek Parkway, Suite 200, Bothell, Wash., 98011, near Seattle.
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Bill & Melinda Gates Foundation
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Global Telematics
(Telecommuting Consulting Firm)
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Immunex
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Reston, Va.-based XO, formerly called Nextlink
and largely owned by Craig McCaw,
announced this month that it will introduce flat
fees by bundling voice and data services.
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Spector, Robert and Patrick D. McCarthy,
The Nordstrom Way: The Insider Story of America's #1 Customer Service
Company, 2nd Edition, Wiley, 1999.
[Hardcover, 244 Pages, US $24.95]
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Olympic Pipeline
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Puget Sound Naval Shipyard (PSNS,
Bremerton)
FAS: Military Analysis Network: Puget Sound Naval Shipyard (NSY)
Bremerton, Washington
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Seattle City Light
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Tully's Coffee Corp.
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Vulcan Ventures (Paul Allen's Investment
Firm)
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Washington Mutual Savings Bank
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General Internet Sites:
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Return to Econ & Bus Geog
Telecommuting Resources / John Niles
Go2Net's Russell Horowitz and John Keister have
parlayed an infectious vision for the future and a
stingy acquisition strategy into a spot among
cyberspace's elite portals.
Copyright ) 1999 by
Washington CEO Inc.
Two Seattle-area Internet companies known
for making deals
pulled off the ultimate deal yesterday: a
merger. InfoSpace, a
fast-growing company that provides
software applications to Web
merchants and wireless companies, said it
will acquire Go2Net, a
crosstown competitor backed by Paul
Allen, for about $4 billion.
San Francisco-based Webvan, which will buy rival HomeGrocer.com
for $1.2 billion in
stock, has been building a highly automated
warehouse in Renton in preparation for its
grocery delivery service launch in the Puget Sound
region. Kirkland-based
HomeGrocer.com already has its own Renton facility
where food orders are picked,
packed and loaded onto delivery trucks.
In HomeGrocer's other markets -- Portland, Orange
County, Los Angeles, San Diego and
Dallas -- Webvan has no redundant
infrastructure. Thus, Webvan hopes to reap savings
in those cities by tweaking HomeGrocer.com's
warehouses to accommodate Webvan's
larger and more varied inventory that includes
books, electronics and other consumer
goods that have more attractive margins than food.
In one of the first signs of consolidation in the highly
competitive online
food-delivery market, Net grocer Webvan has bought rival company
HomeGrocer.com in an all-stock deal valued at $1.2 billion.
The online grocer took a major step in reshaping its image today,
expanding its offerings to include
consumer electronics, as well as video games, movies and music. Earlier
this year, Webvan added
books to its virtual shelves.
After more than a decade of weighty expectations,
Immunex is at last poised to deliver what the state's
biotechnology industry has been waiting for: a
billion-dollar drug.
Copyright ) 1998 by Washington CEO In
... The Immunex Way instantly catapulted the
17-year-old Seattle
company into the major
leagues of biotechnology
with the release of the
rheumatoid-arthritis drug
Enbrel in 1998...
In
the past three years,
Immunex has grown
(to) a company ... valued at $21
billion...
When the restless product manager left
Microsoft in 1996, still shy of turning 40, he was
among a handful of eager "Baby Bills" out to
strike his own gold.
Jain started Redmond-based InfoSpace in
March of that year, and before long, his boasts
about taking over the market for wireless Internet
services - and
his talk of one day reaching
"trillion-dollar
valuations" with publicly traded stock -
grabbed trade-press headlines, engendered
admiration and also prompted some rolling of
eyes.
Writing about Craig O. McCaw is no easy task. The introverted wireless
pioneer
hates to talk about himself or disclose anything about his private life.
And he
spends very little time in his office, so only a handful of the
executives
around him
know him well. It's no surprise, then, that McCaw is not nearly as well
known as
other leading figures in the technology industry, such as IBM's Lou
Gerstner, Sun
Microsystems' Scott McNealy, or Microsoft's Bill Gates.
Enter O. Casey Corr, a business and technology writer for the Seattle
Times. In
his Money From Thin Air, Corr has provided the first in-depth book on the
eccentric Seattle billionaire. It's a thorough history of McCaw and his
pathbreaking career. But it winds up stronger on details than analysis...
(Business Week)
GST Telecommunications could have been
a contender. The telecommunications company, based
in Vancouver, Wash., spent millions of
dollars digging trenches, laying about 4,500
miles of expensive fiber-optic cables and
installing network equipment.
In this excerpt from "Money From Thin Air,"
author O. Casey Corr picks up the story
following huge changes in the life of billionaire
Craig McCaw: the selling of McCaw Cellular
Communications to AT&T in 1994 and his
divorce and remarriage. Copyright 2000 by O.
Casey Corr. Reprinted with permission of Crown
Business, a division of Random House.
Bellevue-based Teledesic announced two
contracts today that move its project to build
an "Internet-in-the-sky" into the next development
phase.
Nordstrom investors reacted with
caution yesterday to company President Blake Nordstrom's
plans for the future, sending down the price of
the stock...
Most companies in the midst of
prolonged, difficult financial times would tighten their
belt and eliminate expenses, perhaps cut
staff. Not Nordstrom, which has decided to do just the
opposite.
Nordstrom opened the original Last Chance store in
1992. Before then, the company's
unsold merchandise was auctioned off to
people who bought it cheap and resold it
overseas. That proved to be a costly proposition for
Nordstrom, which chose Phoenix for its outlet store
because of its proximity to California and the
Northwest.
Marty Wikstrom, a 19-year veteran of the
Seattle-based clothing store, quit on
Friday after Blake Nordstrom asked her to take a
lesser position.
The move, announced yesterday, put
Bruce Nordstrom and his two sons in the top
three positions at the company.
Federal oversight failed to prevent
the deaths of three people in Bellingham, so a
handful of Washington cities and counties are
attempting to take pipeline safety into their own
hands.
Here are cities and counties crossed
by Olympic Pipe Line, the status of franchises
and their responses to the Bellingham
accident.
Trucking manufacturer Paccar Inc.'s $21.5 million
purchase of a property next to its
Bellevue corporate headquarters can be taken as a
signal the company is staying put, an
executive says.
Paccar purchased the strategically located tract
although it has no current plans for the
property, which totals more than three acres at the
southwest corner of 106th Avenue
Northeast and the Northeast Sixth Street pedestrian
corridor. The property, acquired
from Benaroya Capital Co. of Seattle, was said to
have been the subject of sizable bids
from multiple parties.
Richard E. Bangert II, Paccar's vice president for
property and environment, said the
move shows a commitment to remaining in downtown
Bellevue.
Plum Creek Timber Co. plans to buy the timberlands
spinoff of Georgia-Pacific Corp. in a $3 billion stock
transaction that will make the Seattle-based company the
second-largest private timberland holder in the
country.
For more than 100 years it has dominated the
Bremerton waterfront, defining the city and
serving as the single largest source of jobs for
Kitsap County.
But Puget Sound Naval Shipyard also gets taken
for granted. Today more than 7,000 people work
behind its gates...
SEATTLE - Recreational Equipment Inc.,
better known as REI, has laid off 38 workers
at its headquarters in Kent. The layoffs come as the outdoor-goods retailer
looks for ways to cut costs,...
Last month's decision by Recreational Equipment Inc. to
move the last shred of its garment-making business to
Mexico has angered some of the Seattle-based
cooperative's own members.
Three years ago, when REI moved out of its
longtime home next to an abandoned
warehouse on Capitol Hill, merchants and residents
feared the neighborhood would decay.
Instead, Value Village soon replaced
the outdoors store, and high-end condominiums are
about to open in the abandoned building.
REI FLAGSHIP STORES IN TOKYO (JAPAN) AND DENVER TO INCLUDE
STARBUCKS COFFEE STORES
Both stores are scheduled to open in April
Sound Transit had misled the public. For months,
officials denied allegations about cost
overruns. The light-rail project was on schedule
and within budget, they said.. It wasn't
true, and reality caught up. The agency revealed last week
that the 21-mile-long light-rail project is $1
billion over budget and three years behind schedule.
Critics doubt even those projections.
With doubts piling up around Sound Transit's proposed
light-rail tunnel, the search for alternatives
has taken on a greater sense of urgency.
Purchase online from Amazon.com:
Hardcover, 525 pages (June 1999)
Basic Books; ISBN: 0465036317
Purchase online from Amazon.com
Paperback, 554 pages (April 25,
2000)
Basic Books; ISBN: 0465054676
Starbucks yesterday reported its
strong fourth-quarter profit was nearly
erased by a $58.8 million write-off in Internet start-up
investments. The Seattle company said it would
rechannel its energies into what made it the largest
specialty-coffee retailer in North America.
ZURICH - Starbucks drew its
inspiration from the coffeehouses of Europe. Now it's
planning to give the Old World a taste of the new.
The No. 1 specialty-coffee retailer in
the United States aims to open outlets across the
Continent. It already has established a bridgehead
in the U.K.,...
Seattle's slickest drug dealer is getting a
little slicker. As you may have read, Starbucks--whose own
nonprofit foundation is dedicated to promoting literacy--has decided to
banish alternative newspapers, like Seattle Weekly and The
Stranger, from distribution in its stores.
Starbucks Coffee has signed a lease for one of the most
visible coffee shop locations in downtown Seattle, the cafe
in the courtyard of Westlake Center.
"When you consider the history of Starbucks in Seattle, it
is a wonderful opportunity for us to be there," said Schultz
yesterday. "Not only can we do our business there, it is an
opportunity for us to demonstrate our commitment to the
community and our community programs. We feel a
responsibility to use that location well."
Seattle's biggest homegrown coffee companies are in a
bidding battle for one of the hottest retail locations in
downtown Seattle, a cafe in the street-corner courtyard of
the Westlake Center that is now home to Seattle's Best
Coffee.
As the Seattle-style coffee shop begins
to spread around the world, it could serve a
purpose far beyond the pleasing experience of sipping
a well-made latte on the Ginza in Tokyo or
at a cafe looking out at the Pudong area in
Shanghai. We could call this "coffeenomics," or the
increasing currency of
coffee....
It is a week of firsts for Starbucks chief Howard Schultz.
During his first overseas trip since announcing his new role
as global strategist for Starbucks Coffee, and his first
trip to China, Schultz opened the first Starbucks Coffee store in
heart of Hong Kong's financial district today.
Starbucks Coffee has reached an agreement with a fair
trade organization to begin buying Fair Trade Certified
coffee and marketing it in the company's 2,300 locations in
the United States and on its Internet site.
The announcement comes just as
Global Exchange, an
environmental and economic justice group, was ready to
begin demonstrating at Starbucks stores in Seattle and
nationwide this week.
"This is a break through for Fair Trade Certified coffee in
the United States," said Paul Rice, executive
director of
TransFairUSA. "At a time when
international
coffee prices
continue to fall, farming families around the
world depend
on the U.S. coffee industry to share the success
of the coffee boom.
See
also here! [Environmentally sound pratices]
Tully's Coffee Corp. has secured a long-sought $20
million round of funding, smoothing the way for the
company's continued expansion.
... How are we to understand the perpetuation of the university as
an institution? Readings carefully constructs his
answer: The university is now "an autonomous
bureaucratic corporation" responsive to the
idea that what really matters in today's world is
"economic management" rather than "cultural
conflict." It no longer cares about values,
specific ideologies, or even such mundane
matters as learning how to think. It is simply a
market for the production, exchange, and
consumption of useful information -- useful, that
is, to corporations, governments, and their
prospective employees....
Members of the new alliance, provisionally entitled
Worldwide Universities Network (WWUN), are Sheffield, Southampton
and York universities in the UK and California (at San Diego),
Pennsylvania State, Washington (at Seattle) and Wisconsin-Madison
universities in the US.
Uwajimaya, the region's most prominent
Asian grocery, next month will unwrap a
dramatic replacement for its current Chinatown
International District store
Those who want Uwajimaya to build and
expand in
the Chinatown International District
see the project
as preserving the neighborhood.
Those who oppose it say they, too,
want to
preserve the neighborhood - by keeping
the
sprawling complex out.
As VoiceStream Wireless prepares to
put the f touches on its merger with Deutsche
Telekom, all eyes are on two separate but equally
important numbers that could very well determine
the fate of the multibillion-dollar marriage:
Stanton is chairman of van Oppen's
board-compensation committee, and van
Oppen was just last week appointed to the Western
Wireless board - and, as the pay
statistics indicate, there's no back-scratching here.
WASHINGTON - Labor and business
groups,
usually adversaries on Capitol Hill,
joined to
criticize a measure aimed at stopping
Deutsche
Telekom from buying Bellevue-based
VoiceStream Wireless.
Timber giant Weyerhaeuser was
pondering its next
move yesterday after Willamette
Industries spurned
its buyout offer in no uncertain
terms.
The aid agency has been working in El Salvador 25 years
and has a range of community development programs, including an
extensive micro-credit program in which loans are provided to the
poor to develop their own small businesses.
Will your favorite Seattle shop
be next to go global?
Seattle Times,
May 28, 2000,
by Robert T. Nelson
"Why is it that companies feel they must grow to
survive? Why can't companies just
maintain their
size, pay good dividends and keep alive
the spirit
upon which they were founded?" asks Navy
pilot
Bob Hallahan, responding to a recent
story on these
pages about REI's evolution, which
includes a
recent decision to begin manufacturing
fleece
clothing in Mexico.
2000 [econgeog@u.washington.edu]