heartbeats (jack777)

Race #29536

View Pit Stop page for race #29536 by jack777Ghost race

View profile for heartbeats (jack777)

Official speed 102.78 wpm (95.97 seconds elapsed during race)
Race Start December 16, 2018 9:35:37am UTC
Race Finish December 16, 2018 9:37:13am UTC
Outcome Win (1 of 2)
Accuracy 98.0%
Points 232.97
Text #754 (Length: 822 characters)

Dozens of companies, even those that had little or nothing to do with the Net, changed their names to include web-oriented designations such as dot.com, dotnet, or Internet. Three researchers from Purdue University, M. Cooper, D. Dimitrov, and P. R. Rau, studied sixty-three companies that changed their names in 1998 and 1999 to include some web orientation. Measuring the price change of the companies from five days prior to a name change (when word of the change began to leak out) to five days after the change was announced, they confirmed a remarkable effect. Companies that changed their names enjoyed an increase in price during that ten-day period that was 125 percent greater than that of their peers. This price increase occurred even when the company's core business had nothing whatsoever to do with the Net.