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.
Olympic diver has made his modelling debut for Adidas
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- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing the result either way
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Alan Henning: British Muslim leaders unite to call on Isis to release UK hostage
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
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