View Pit Stop page for race #16 by mentalwanderer — Ghost race
View profile for Chris (mentalwanderer)
Official speed | 64.91 wpm (151.96 seconds elapsed during race) |
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Race Start | March 11, 2021 5:11:42am UTC |
Race Finish | March 11, 2021 5:14:14am UTC |
Outcome | No win (2 of 2) |
Accuracy | 95.0% |
Points | 147.13 |
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. |