Word: california
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Dates: during 1990-1999
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...another corporate conqueror, News Corp.'s Rupert Murdoch, acquired a 21% interest in TV Asahi, which will be the entrepreneurial duo's base for a 150-station satellite network called Japan Sky Broadcast. And in September, Son's Tokyo-based Softbank paid $1.5 billion for 80% of California-based Kingston Technology, the world's largest maker of computer-memory products. Son's ultimate goal: nothing less than Softbank's dominance of the Internet world...
...Softbank in 1981, his ambitions so unnerved his first two employees that they quit within two weeks. The 39-year-old Japanese entrepreneur, who made his first $1 million at age 20 by selling an electronic-pocket-translator patent to Sharp, never blinked. Barely graduated from the University of California, Berkeley, he begged and borrowed enough to build a company that by 1995 controlled half the Japanese market for personal-computer software...
Grove also plans to focus more attention on the international market, an area in which California-based Intel is less experienced than at home but one that is increasingly critical as the use of computers and the Internet spreads. More than half of Intel's $21 billion in annual revenues now comes from abroad. To boost sales further, the company is making microprocessors available even to small computer manufacturers overseas...
...Lincoln Bedroom or ride on Air Force One. It's quite another to pay $7,000 a head to watch Bill Clinton deliver an eight-minute talk on radio. But that's what Johnny Chung, no stranger to the White House, apparently did. Democratic officials and lawyers for the California entrepreneur tell TIME that he gave $50,000 to the Democratic National Committee in exchange for the invitation for him and six business friends from China to watch Clinton sound off on everything from welfare reform to college loans. Exactly how the deal evolved remains unclear. What is known from...
...White House's biggest victory last week was delivered by its nemesis, independent counsel Starr. On Monday, Pepperdine University in Malibu, California, announced that it had hired Starr to be dean of its law and public-policy schools starting in August. That surprise cheered the White House and infuriated Republicans, many of whom had hoped Starr could slowly undo the Clintons' grip on power with a string of indictments in the Whitewater affair later this year. Starr insisted that the investigation would go on without him, but well-placed sources noted that without the cooperation of Hubbell, Hillary's former...