mergers and acquisitions (continued)
synergy evaluation for, 155–156
value added by, 154–155
Merrill Lynch, 59
Microsoft,63
ESO value at,80–81,82,83, 84
mix
business categories and, 141–142
as value factor, 42
mutual funds
costs of,5
incentives for managers of, 5–6
investing styles of, 6–7
versus private investing,3
tools used by, 5
underperformance of benchmarks
by, 4–7
Napster, 138
net operating profit after taxes
(NOPAT)
determining, 21,25–26
in perpetuity calculations, 36–37
residual value and,26–27
sales growth and, 47
network effects,63–64,141–142
Nodine, Thomas H.,89
nonrival goods, 137–138
Novell,146
Nucor, 44
obsolescence,137
Odean, Terrance, 114,115
offerings, 59, ...