Word: calif
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Dates: during 1980-1989
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...Ontario. "It means our historical foundation becomes a nice story that has no connection to reality." To Denise Olsen, a law student and mother of three in Bountiful, Utah, "it's another evidence to me that things have gone awry in the church." A devout Mormon couple in Whittier, Calif., in a letter to friends explaining why they have left the church, say new revelations about the Mormons' founding prophet have destroyed their belief...
...everyone is tapering off, of course. According to the Yankelovich poll, 26% of the population continues to drink as it always has. Marshall Lyons, 31, a Berkeley, Calif., tree surgeon, even gives nostalgic martini (stir, don't shake) parties, complete with Peggy Lee music, because, he says, "martinis have the aesthetic of cold steel. They're like contemporary graphics." Dudley's, a workingman's tavern in Atlanta, has not slacked off selling ten kegs of beer a week as it has for years. "We're a neighborhood place," says Manager Tas Cofer. "We get workers from GM, construction men, manual...
...Dallas-based market research firm, says that in the past two years the number of personal computer manufacturers has shriveled from more than 200 to about 150. Some companies, including Mattel and Timex, have simply dropped their home computer lines, but several smaller firms like Gavilan Computer of Campbell, Calif., and Beehive International of Salt Lake City, have filed for bankruptcy. Last year 570 of 3,800 computer retailers in the U.S. closed their doors or were taken over by large chains. Even the number of computer magazines has tumbled from some 150 in 1983 to about...
Meanwhile, morale at Apple's Cupertino, Calif., headquarters has been sagging. In recent months several executives have sold part or all of their company stock, and some senior managers and engineers have resigned. Stephen Wozniak, who co-founded the company in 1976 with Chairman Steven Jobs, has left his day-to-day duties to start a new company. Since February the company's stock has plummeted by one-third to close last week at 20 1/4. That has generated talk in the industry that Apple will become the target of a takeover attempt or merger bid, possibly...
...slowdown in computer sales has been most devastating for the semiconductor industry. When the market was strong, computer firms were all wildly optimistic in placing their microchip orders. Says Ken McKenzie, an associate director of the Dataquest research firm in Sunnyvale, Calif.: "Every company that produced a clone of the IBM Personal Computer expected to get 22% of the market, and there were 60 of those companies." When computer makers realized that their sales would not come close to expectations, they started canceling chip orders, leaving the semiconductor companies to sit on mountains of inventories. The glut of chips drove...