Thursday 03 December 1998
The reason for this is nothing to do with high street sales. Dixons may be having a better Christmas than many, but it still won't be able to call it a bountiful one. Rather it is to do with the American craze for Internet stocks, of which Dixons is now judged to be one. Goldman Sachs held a conference call with Dixons for American investors yesterday, and they apparently liked what they heard about the company's new Internet service provider, Freeserve, so much that they bought the shares.
In the US, Internet stocks have sky-rocketed, even though few of these companies make any money. Sir Stanley has always run his business on the basis that he buys to sell and in the process he makes a turn. That you can create value out of a business which was set up originally as a loss- leading promotional tool must come as something of a surprise. The bet with Internet stocks is that those who establish a powerful brand on the net will eventually reap rich rewards both from the exposure it gives and the opportunities it provides for e-commerce. Whether that bet comes home is anyone's guess but Sir Stanley is entitled to enjoy its warm glow while it lasts.
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- 2 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 GamerGate: developer Tim Schafer provokes rage with joke about online gaming activists at industry awards
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
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The 'sex selfie stick' lets you FaceTime the inside of a vagina
Westboro Baptist Church couldn't picket Leonard Nimoy's funeral because they didn't know where it was
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
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