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DIED. Thelonious Monk, 64, brilliant and eccentric jazz pianist and founding father of bebop; of a stroke; in Englewood, N. J. As a teenager, Monk honed his highly personal style-skewed melodies, oblique harmonic progressions-in Harlem during the Depression with Trumpeter Dizzy Gillespie and Alto-Saxman Charlie ("Bird") Parker. He developed an angular breakaway from conventional jazz that came to be known as bebop and, finally, bop. His asymmetrical ideas had a powerful influence on modern jazz musicians and a whole generation of horn players, but Monk himself lapsed into virtual obscurity in the 1950s. Rescued by a series...

Author: /time Magazine | Title: Milestones: Mar. 1, 1982 | 3/1/1982 | See Source »

...apricots, prunes and cherries were once a main source of income. Tiny semiconductors made with chips of silicon that were first manufactured there at the end of the '60s gave the region its nickname-"Silicon Valley." Growing up alongside the semiconductor companies in such towns as Sunnyvale, Los Altos and Cupertino are a host of new, high-tech industries. Says Michael Shields, a catalogue marketer in Palo Alto: "Living here is like riding in the nose cone of the space shuttle. We're riding into the future...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

...also growing up in the region. Some say it should really be called the Siliclone Valley because of the 16 genetic-engineering companies now located there. Robert Swanson, an M.B.A. from M.I.T., and Biochemist Herbert Boyer, for example, started Genentech. Collagen Corp., a bio-medical products company in Palo Alto, makes a biological implant called Zyderm, which helps remove the effects of scars from the human skin. Companies like Coherent Radiation in Palo Alto are doing pioneering work in the industrial use of lasers...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

David Steininger, 33, a graduate of Purdue University, is currently a project manager with Palo Alto's Electric Power Research Institute, an energy think tank. Says he: "I want to make my own mark and do something that has a lot more challenge. If you can't win a Nobel Prize, the next best thing is to start your own company." Steininger is thinking about forming a firm that will develop new oil-recovery technology...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

Stanford University, near Palo Alto, was the source of much of the valley's spirit and success. Two Stanford graduates, William Hewlett and David Packard, opened a small company not far from the campus in 1939. Hewlett-Packard is now the area's largest electronics employer and a leader in computer-based technologies. Moreover, many of its employees have left the company to start a host of new businesses. Among the most successful: Apple Co-Founder Stephen Wozniak and Tandem Computers' James Treybig...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

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