随着投资者将资金注入小型、单一业务公司（专注于单一行业），大型石油公司的股票交易就开始折价。
As they put more money in the smaller, pure-play companies that focused on one industry vertical, Big Oil began to trade at a discount.
IBM最近收购了Initiate，这是一家专注于医疗行业主数据管理(MDM)的公司。
IBM recently acquired Initiate, a company that specializes in master data management (MDM) for the healthcare industry.
19世纪时公司以林业与制纸行业起家，后转而生产橡皮、电缆与电子器械，直到20世纪80年代开始专注于生产手机。
Having started off in forestry and paper products in the 19th century, it later moved into rubber, cables and electronics before focusing on mobile phones in the 1980s.
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