Word: brainchildren
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Dates: during 1980-1989
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...time, as Trade Expert Clyde Prestowitz argues in his recent book Trading Places, the flight of budding entrepreneurs from large heavily capitalized corporations is wounding the very U.S. companies that are most capable of competing with the sprawling industrial giants of Japan. Even some leading entrepreneurs, mostly those whose brainchildren are now billion-dollar companies, say the start-up craze has gone too far. Gordon Moore, chairman and co-founder of Intel, the chipmaker based in Santa Clara, Calif. (1987 revenues: $1.9 billion), says "vulture capitalists" have lured away some of his best technicians with offers of seed money...
...they become dependent," he says. "They don't have to be told; they have to be allowed." In pursuit of that goal, Opel established seven Independent Business Units, which operate much like small companies within IBM. One of the first products created by Opel's brainchildren: that bountiful beauty, the IBM Personal Computer. -By John F. Stacks
PUFF and ONCOCIN are brainchildren of SUMEX-AIM (Stanford University Medical Experimental Computer-Artificial Intelligence in Medicine). SUMEX is an interlocking of two sophisticated computer facilities at Stanford in California and Rutgers University in New Jersey, funded by the National Institutes of Health. Half the transcontinental system's capacity is devoted to development of an artificial intelligence for diagnostic medicine. At the moment, SUMEX's two bi-coastal computers also link 20 research projects in the U.S., Europe, Japan and Australia. Says Saul Amarel, chairman of the Rutgers department of computer science: "The purpose of SUMEX...