Consulting Alert: PricewaterhouseCoopers Makes IPO Goal Official.Business Editors ATLANTA--(BUSINESS WIRE)--March 13, 2001 Firm official discloses "active" preparations for consulting stock In an exclusive interview with Consulting Alert (http://www.straffordpub.com/products/can/index.html), the leader of management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects at PricewaterhouseCoopers confirms that the firm is making preparations for a stock offering of its consulting operation. In the March 15 edition of Consulting Alert, Scott Hartz, the firm's global management consulting managing partner, said PricewaterhouseCoopers is "actively working" toward an initial public offering for its $6.6 billion consulting practice. In a separate March 15 special supplement to Consulting Alert, Hartz also said the stock market's reception to KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Consulting's $2 billion offering in February February: see month. makes him more optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about his own firm's prospects. PricewaterhouseCoopers, the nation's biggest accounting firm might look at selling its consulting practice to a major corporation if an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. proves impossible, Hartz added. To read more from the PricewaterhouseCoopers story and others appearing in the latest Consulting Alert, go to (http://www.straffordpub.com/headlines/consulting.html). Consulting Alert, a twice-monthly newsletter, is the leading independent briefing on news and competitive intelligence for the management consulting profession. It is published by Atlanta-based Strafford Publications, Inc. (http://www.straffordpub.com/index.html). Strafford also publishes Public Accounting Report, the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae independent news source for the accounting profession, as well as 14 other newsletters for the accounting, legal and corporate security professions. |
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