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Racer HenryDempsey (pheedemp)
Race Number 33
Date Fri, 20 Dec 2024 10:45:57 +0000
Speed 61 WPM Try to beat?
Accuracy 95.1%
Rank 4th place (out of 4)
Opponents nohamedgp (2nd place) papis123 (3rd place)

Text typed:

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.
A Random Walk Down Wall Street (book) by Burton G. Malkiel (see stats)

Typing Review:

Race text:
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.
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Analysis:
Mistakes:
  1. Dozens
  2. little
  3. their
  4. names
  5. web-oriented
  6. as
  7. dot.com,
  8. Internet.
  9. University,
  10. Cooper,
  11. sixty-three
  12. changed
  13. in
  14. 1999
  15. include
  16. Measuring
  17. change
  18. companies
  19. from
  20. change
  21. days
  22. the
  23. announced,
  24. remarkable
  25. effect.
  26. Companies
  27. an
  28. price
  29. ten-day
  30. 125
  31. This
  32. occurred
  33. company's
  34. business
  35. whatsoever
  36. with
  37. Net.