Wednesday, October 06, 2010

Pittsburgh's Conditional Perfect Continuous

You know we have been talking about 'New Pittsburgh' long enough at this point that we can even start talking about its history.  Lest anyone think this has all been some straight path beyond steel..........

Remember when all talk of 'New' Pittsburgh lead to or from Freemarkets?  Remember when it filed its IPO and was worth $8.5 billion by the end of the day... almost $10 billion at one point during the day. It became for a bright shining moment the firm with the largest market capitalization in Pittsburgh. Symbolically more than then-USX at the time.  Our future was cast, or so it would seem.

File under: what would have been

How many folks are employed locally in the remnant of that Freemarkets operation?

Must not even big big enough for anyone to even notice when a big chunk of that operation was acquired by Accenture today.

Ironically, Edgar Thomson chugs along.. In fact, ET is doing so well that USS has announced it is closing its Hamilton (Ontario) steel works. Not that anyone noticed that either.


Anonymous BrianTH said...

Seems like that Accenture/Ariba deal could be good for Pittsburgh's network-connectivity (all the rage these days), provided Accenture maintains operations here.

Wednesday, October 06, 2010 1:15:00 PM  
Anonymous n'at said...

... and somebody's making pipe for gaslines in the mon valley...

See, good things can happen with a weak dollar.

Wednesday, October 06, 2010 5:55:00 PM  

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