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Before acquiring MCI in 1998, WorldCom was hardly in the consumer business at all.
Mr. Chase added, "If you're not in the consumer business, you're not in the Web business, period".
But the fundamentals in the consumer business look bad, because revenue is declining at an accelerating rate.
It is a notion, he said, that worked for Apple Computer in the consumer business, and should work for enterprise computing.
Chris Bates, senior marketing manager in the consumer business division at Dell, said the company is offering $100 off its Inspiron notebook line.
"We are seeing quite a bit of slowdown in the consumer business," Daniel A. Carp, Kodak's chairman and chief executive, said yesterday at a meeting with analysts in New York.
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Then commercial blender maker K-Tec in Orem, Utah jumped into the consumer business.
He is a vice president who specializes in leveraged buyouts in the consumer, business-services and light-manufacturing sectors for Dominus Capital, an investment firm in New York.
In the end, analysts, said the changes that Citigroup made in its investment banking unit might have emboldened the bank to make some moves in the consumer businesses.
"Kodak's name will be less valuable than it has been in the consumer businesses," warned Jack L. Kelly, an analyst with Goldman Sachs.
Bank of America is "encouraged by signs the economy is improving, as we have seen in the stabilization of our credit costs, particularly in the consumer businesses," Brian T. Moynihan, the bank's chief executive, said in a statement.
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