Word: chip
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Dates: during 1980-1989
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...potentially Texas-size economic spur. A consortium of 14 U.S. semiconductor firms chose Austin over competing sites in 34 states for its research center, which will spend an estimated $250 million annually. The consortium, called Sematech, for Semiconductor Manufacturing Technology, includes fierce rivals that have joined forces on chip research in the face of bruising foreign competition. Austin's coup could help make it a Sunbelt Silicon Valley. The capital had $ already attracted a research center for a similar consortium, Microelectronics and Computer Technology Corp., which is conducting research in computer architecture and software design...
Back in Boston, he was whisked in a Fidelity limousine to his office, where he worked on what is now known as Terrible Tuesday until just before midnight. Though the blue-chip stocks in the Dow staged a rally, the rest of the market took a drubbing again. The price of a Magellan share fell by another 2%. Says Lynch: "Tuesday was the worst day of my career...
...chemical laser project that might one day be rocketed into space to zap Soviet nuclear missiles heading for the U.S. Reagan assured company engineers that the Strategic Defense Initiative, his space-based antimissile program, was "bounding forward" and that they were not working on a bargaining chip to be traded away in an arms deal...
...most crucial cost of the new environment may not be measurable in dollars. The past two years have seen a boom in alleged ethical lapses at even the bluest of blue-chip firms. New York's Sullivan & Cromwell found itself contesting no fewer than four accusations, notably one by an opposing firm that a partner bribed witnesses while representing the widow of Pharmaceutical Heir J. Seward Johnson in last year's estate battle. New York's Paul, Weiss discovered last year that a young associate, Michael David, had masterminded the "Yuppie Five" insider-trading scandal. Attorneys handling corporate mergers also...
...city to have a fine old theater or train station or office building that has been saved, spiffed up and put back to good, if not necessarily its original use -- a building that 20 years ago would have been pulled down without a second thought. Buying paperbacks and chocolate-chip cookies in what used to be a warehouse and watching stand-up comedians in what used to be a stable and living in what used to be a factory are now, happily, coast-to-coast cliches, not novelties. As ever, there are trade-offs: such transformations, especially as they become...