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=09=09=09[IMAGE]B School e-Vantage 10-19-00
[The Princeton Review]=09[IMAGE]=09=09
=09
=09
=09
=09[IMAGE]
=09[IMAGE]
=09Dear Ben,
=09
=09Welcome to the first issue of our e-newsletter, designed solely to help =
you=20
determine what you want to do and how to get there. Are you ready for the=
=20
journey? =20
=09
=09The process of selecting and getting into your top business school is=20
becoming more and more complex, with many variables added to the mix every=
=20
day. With nearly 1,000 business schools in the country, your task can seem=
=20
daunting. But with a good game plan and solid information, you can determin=
e=20
what your personal needs are and which schools can give you the best MBA=20
experience. =20
=09
=09[HOT CAREERS TO WATCH]
=09
=09 Tech + Business =3D Hot Careers
=09A Few Million e-xecs Wanted=20
=09
=09Source:  Industry Standard
=09For additional information:  CIO Enterprise Magazine=20
=09
=09The shortage of Internet executives is swelling to epic proportions,=20
according to a recent study by IDC, a research firm focusing on the IT=20
industry. By 2004, companies will be short 1 million execs for the 9.2=20
million positions that will be in demand worldwide, predicts John Gantz,=20
IDC's chief research officer.=20
=09
=09"The demand for people to manage online operations is growing so fast th=
at=20
soon we will have either young people who know little about business runnin=
g=20
multimillion dollar enterprises, or older business executives running onlin=
e=20
activities who are clueless about the online world," Gantz says. =20
=09
=09The deficiency will be most apparent in brick-and-mortar companies tryin=
g to=20
push their businesses online, Gantz says, since these companies typically=
=20
don't have processes in place to train, recruit or retain Internet workers.
=09
=09
=09=20
=09[FORTUNE 500 FOCUS: Lucent Technologies]Fortune 500 Rank: 19
=09Cash flow: $ 5.44 billion =20
=09Revenue:  $38.8 billion in fiscal year 1999 (up nearly 21% over 1998) =
=20
=09Employees: 153,000 (23% outside of US)
=09NYSE: LU=20
=09Stock Price:  $22 7/8
=0952-week Trading Range:  84 3/16 (high); 28 1/14 (low)
=09CEO:  Richard A McGinn
=09Headquarters: Murray Hill, NJ
=09Website:  www.lucent.com =20
=09
=09Corporate Profile
=09Lucent's mission is to provide customers with the world's best and most=
=20
innovative communications systems, products, technologies and customer=20
support. They have offices or distributors in more than 90 countries and=20
territories; Bell Labs facilities are located in 25 countries around the=20
world.=20
=09
=09As the leader in broadband networking, Lucent is building a new generati=
on of=20
networks that will integrate wired and wireless voice, data and video=20
traffic. The result will be a new generation of growth opportunities for=20
Lucent=0F-in systems, software, silicon and services. Lucent competes in a=
=20
robust global market that is growing more than 14% annually. Their growth i=
s=20
propelled by customer demand for next-generation converged networks that=20
deliver new services in any form.  Check out new developments at Lucent. =
=20
=09
=09Corporate Kudos
=09
=09#10 on Fortune's 1999 list of Most Admired Companies =20
=09#10 on Business Week's annual Performance Ranking of the 500 companies i=
n the=20
S=02?500-stock index.
=09Received 1,153 U.S. patents in 1999, placing them ninth on the Patent=20
Office's list of companies.
=09
=09
=09=20
=09
=09
=09[IMAGE]
=09
=09[IMAGE]
=09"Dot.com World" is our guide to what's useful, timely, and just plain co=
ol on=20
the Web.
=09
=09[IMAGE]
=09[IMAGE]
=09[IMAGE]
=09
=09CareerJournal.com=20
=09Salary.com Need help negotiating your next salary, or do you want to fin=
d out=20
what everyone else is making? This site churns out high, medium, and low=20
salaries.=20
=09Scour.com Scour describes itself as a "broadband entertainment portal" t=
o=20
find music, movies, and videos all over the Web. =20
=09Internet Movie Database This mega site offers the most comprehensive=20
information on movie film titles, actors, and directors. =20
=09Late Show Top Ten Home Office If you fell asleep and missed David Letter=
man's=20
Top Ten List again, log onto this site to catch up on all that you missed,=
=20
including archives of Top Tens from the last seven years! =20
=09CEOExpress.com A collection of links to every major newspaper, wire feed=
,=20
magazine, and search engine, plus top shopping, sports, and leisure sites. =
A=20
must-bookmark site.=20
=09Bluefly.com  Diesel, Calvin Klein, Ralph Lauren=0F-this top shopping sit=
e has=20
them all at heavily discounted prices.=20
=09Drugstore.com Never run out of toilet paper again! Drugstore.com is an=
=20
extensive online drugstore that sells all life's little necessities.=20
=09
=09Is the GMAT scaring you? If you are afraid that the GMAT is becoming you=
r own=20
personal "Urban Legend"=0F-complete with elements of humor and horror, fear=
=20
not.  =09[IMAGE]=09[IMAGE]
=09=09=09
=09=09=09=20
=09=09=09
=09=09=09
=09=09=09[AN E-FRIENDLY MBA?]
=09=09=09[IMAGE]
=09=09=09Where Can You Get an e-friendly MBA? The best business schools for=
=20
technology, according to Computer World magazine, are Northeastern,=20
University of Texas at Austin, University of Maryland, University of Alabam=
a,=20
and University of California at Irvine.=20
=09=09=09
=09=09=09
=09=09=09[IMAGE]
=09=09=09
=09=09=09Business 2.0 selected the following schools for their top e-commer=
ce=20
programs:  MIT's Sloan, Carnegie-Mellon, University of Pennsylvania's=20
Wharton, Stanford, Kellogg, and U.T.-Austin. And if you are a budding=20
entrepreneur, head to Wharton, Harvard, Stanford, UCLA's Anderson, and Sloa=
n.
=09=09=09
=09=09=09=20
=09=09=09
=09=09=09
=09=09=09
=09=09=09
=09=09=09[UNIVERSITY OF TEXAS]
=09=09=09
=09=09=09[IMAGE]
=09=09=09http://texasmba.bus.utexas.edu/index.asp=20
=09=09=09FAST FACTS
=09=09=09Selectivity Ranking:
=09=09=0917  of 247 (1 being the best)
=09=09=09Incoming Class Size:
=09=09=09420 (78% male, 22% female)
=09=09=09Student body:  27% international
=09=09=09Undergraduate degrees:
=09=09=09technical/science 32%, business 27%, liberal art 24%, economics 11=
%
=09=09=09Avg. GPA:  3.4
=09=09=09Avg. GMAT score:  690
=09=09=09Areas of Specialization:
=09=09=09Accounting, Finance, Management, Marketing, Management Science and=
=20
Information Systems, and Marketing/Management Science/Information Systems
=09=09=09Tuition and fees:
=09=09=09$ 20,876; $ 32,126 out-of-state
=09=09=09Avg. Years of Work Experience:  5
=09=09=09Avg. Age:  29
=09=09=09Application Deadlines:
=09=09=09Jan. 1-early; Feb.1-intnatl.; Apr. 15-regular=20
=09=09=09Additional Requirements:
=09=09=092 years of full-time work experience
=09=09=09
=09=09=09* Based on Business Week's "The Best B-Schools," October 2000
=09=09=09
=09=09=09
=09=09=09Description of MBA Program
=09=09=09The Texas M.B.A program is a two-year, 60-credit hour, full-time p=
rogram. The=20
seven-course (21-credit hour) core curriculum provides a broad,=20
cross-functional perspective followed by 13 electives. A student may choose=
=20
to concentrate in an academic discipline or follow a market-driven=20
specialization, such as energy finance or information management.
=09=09=09The selection process is highly competitive, with a 2001 class inc=
luding=20
doctors, lawyers, consultants, Olympic competitors, military officers,=20
nonprofit leaders, financial analysts, marketers, bankers, entrepreneurs,=
=20
accountants, scuba divers and kick boxers. In a word, diverse.=20
=09=09=09
=09=09=09Virtual Road Trip Take a trip to Austin, or as U.T. folks call it,=
 "the big=20
surprise awaiting prospective business students." And while you're there,=
=20
stop in at Chuy's, a great place for tongue-sizzlin' Tex-Mex in a campy din=
er=20
environment. You'll find a thousand fish over the bar, tailfins from an old=
=20
car, Elvis, and other wild items on the walls and ceiling. But hey, the dec=
or=20
actually works.=20
=09=09=09?
=09=09=09[CAMPUS TOUR]
=09=09=09
=09=09=09
=09=09=09 [GMAT Sampler]
=09=09=09
=09=09=09
=09=09=091.  In 1988, was the number of people in City X greater than three=
 times the=20
number of people in City Y?=20
=09=09=09
=09=09=09(1)  In 1988, there were approximately 1.1 million more people in =
City X than=20
in City Y.
=09=09=09(2) In 1988, the 300,000 Mormons in City X made up 20 percent of i=
ts=20
population, and the 41,000 Buddhists in City Y made up 30 percent of its=20
population.=20
=09=09=09
=09=09=09(A) if statement (1) ALONE is sufficient, but statement (2) alone =
is not=20
sufficient to answer the question asked;=20
=09=09=09(B) if statement (2) ALONE is sufficient, but statement (1) alone =
is not=20
sufficient to answer the question asked;=20
=09=09=09(C) if BOTH statements (1) and (2) TOGETHER are sufficient to answ=
er the=20
question asked, but NEITHER statement ALONE is sufficient;=20
=09=09=09(D) if EACH statement ALONE is sufficient to answer the question a=
sked;=20
=09=09=09(E) if statements (1) and (2) TOGETHER are NOT sufficient to answe=
r the=20
question asked, and additional data specific to the problem are needed.=20
=09=09=09
=09=09=09
=09=09=092. Television programming experts maintain that with each 1% incre=
ase in the=20
prime-time ratings of a television station there is a 3.5% increase in the=
=20
number of people who watch its evening news program. However, in the last t=
en=20
years at Channel NTR, there was only one year of extremely high prime-time=
=20
ratings and, during that year, fewer people than ever watched Channel NTR's=
=20
evening news program.=20
=09=09=09
=09=09=09Which of the following conclusions can properly be drawn from the =
statements=20
above? =20
=09=09=09
=09=09=09(A) When a news program has good ratings, the channel as a whole w=
ill have=20
good ratings.
=09=09=09(B) The programming experts neglected to consider daytime news pro=
grams.
=09=09=09(C) The year of high ratings at NTR was a result of two hit shows =
that were=20
subsequently canceled because of contractual problems.
=09=09=09(D) The ten-year period in question is not representative of norma=
l viewing=20
patterns.
=09=09=09(E) Prime-time ratings are not the only factor affecting how many =
people=20
watch an evening news program.=20
=09=09=09
=09=09=09Need Help Prepping for the GMAT?
=09=09=09If you are hungry for some high-tech test prep, then try our new f=
ree online=20
GMAT course! It's a definite "Best in Class." =20
=09=09=09
=09=09=09
=09=09=09
=09=09=09[IMAGE]
=09=09=09 Maybe you just need a good test prep course to allay your fears. =
For more=20
test prep tips and strategies, visit our website at www.PrincetonReview.com=
.=20
=09=09=09
=09=09=09Send this email to a friend!
=09=09=09
=09=09=09[IMAGE]The Princeton Review offers the best in test preparation, h=
elping more=20
than half the students going to U.S. colleges and graduate schools. For mor=
e=20
information, give us a call at 800.2Review.
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=09=09=09
=09=09=09You are subscribed as: brogers2@ect.enron.com=20
=09=09=09
=09=09=09[THE PRINCETON REVIEW ,2000]
=09=09=09GMAT Sampler Answers:
=09=09=09 1.  The correct answer is choice (B).  Statement (1) tells us how=
 many more=20
people were in City X than in City Y, but since we don't know the total=20
population of either, we can't definitively answer this question. We can=20
eliminate (A) and (D), and we're down to (B), (C), or (E).=20
=09=09=09
=09=09=09At first glance, statement (2) may not seem helpful since it talks=
 about=20
Mormons and Buddhists, but in fact, this statement is sufficient. The 300,0=
00=20
Mormons make up 20% of the population of City X, meaning that we can comput=
e=20
the entire population (five times 300,000, not that we needed to know the=
=20
exact figure). The 141,000 Buddhists make up 30% of City Y, meaning that we=
=20
can compute the entire population of City Y as well.=20
=09=09=09
=09=09=092.  (E)  This is a causal argument. According to the experts, high=
 prime-time=20
ratings cause the ratings of the evening news show to increase as well.=20
However, at Channel NTR, this was not found to be true. What conclusion can=
=20
we draw from this? The correct answer is choice (E), which asks us to=20
consider that there might be alternate causes. (A), (B), and (C) are outsid=
e=20
the scope of the argument, while choice (D) would have been more likely to =
be=20
correct had this been a statistical argument.=20
=09=09=09
=09=09=09