View Pit Stop page for race #1497 by darthmouth — Ghost race
View profile for armortec (darthmouth)
| Official speed | 113.35 wpm (87.02 seconds elapsed during race) |
|---|---|
| Race Start | December 30, 2018 7:03:38am UTC |
| Race Finish | December 30, 2018 7:05:05am UTC |
| Outcome | Win (1 of 2) |
| Accuracy | 98.0% |
| Points | 256.92 |
| 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. |