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...series of mergers that have changed the face of the industry. Last month Celera Genomics, once the quintessential genetic information-services company, paid $174 million for Axys Pharmaceuticals of South San Francisco, a master designer of drugs. Another major information-services firm, Incyte Genomics, based in Palo Alto, Calif., laid off 400 employees from one of its gene-analysis services to focus resources on drug development. Late last month Incyte's founder hired a pair of veterans from DuPont Pharmaceuticals as CEO and chief scientific officer...

Author: /time Magazine | Title: Biotech Grows Up | 12/24/2001 | See Source »

...have the same hatred. American money and time should be spent on isolating Afghanistan, supporting countries nearby and mending fences. I am afraid that the U.S. will squander a huge amount of its personnel and financial resources without accomplishing anything but a loss of international support. HEATHER WHITE Palo Alto, Calif...

Author: /time Magazine | Title: Letters: Dec. 3, 2001 | 12/3/2001 | See Source »

...Manchester. The city of Atlanta sent a contingent of city planners. And Thanksgiving week, Kamen took his act to California. In one jam-packed day in Silicon Valley, he revealed the Segway to officials from San Francisco International Airport, the California department of transportation, the city of Palo Alto, Stanford University and Cisco Systems CEO John Chambers. Especially gratifying to Kamen was the reaction of Andy Grove, the chairman of Intel and, unlike so many Silicon Valley boosters, a bone-deep skeptic. Perched tentatively on the machine, the 65-year-old Grove was rolling slowly along when Doerr ambled over...

Author: /time Magazine | Title: Reinventing the Wheel | 12/2/2001 | See Source »

...most of its users, the Internet might seem like an inexplicably haphazard system. But in The Laws of the Web: Patterns in the Ecology of Information, Bernardo Huberman, who heads Internet research at Hewlett-Packard Labs in Palo Alto, Calif., explains that the Net actually follows predictable rules that can inform business decisions. Like the sports and entertainment worlds, the Internet is a winner-take-all marketplace where relatively few companies reap huge profits. There is a very low probability that a new site will attract significant traffic. And congestion, or "storms" that slow access to pages, can be predicted...

Author: /time Magazine | Title: Global Briefing: Nov. 26, 2001 | 11/26/2001 | See Source »

...fights and disappointments, people find that the attacks have provided an occasion to do what they wanted to do anyway. "There is something about the imminence of mortality that moves people to make peace if they can," says Frederic Luskin, a fellow at Stanford University in Palo Alto, Calif., who conducts forgiveness workshops around the country. "I've had a number of patients say to me, 'It's hard to take a grudge seriously when you look at the World Trade Center.'" The baby boomers, he notes, are "a psychologically savvy generation, and they realize that in order to grow...

Author: /time Magazine | Title: We Gather Together | 11/19/2001 | See Source »

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