Word: chips
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...Cabot's willingness to venture into uncharted investment areas that has defined the philosophy of HMC over the course of his tenure. Starting with a portfolio with "100 percent of Harvard's equity in large, common blue-chip stocks," Cabot says he threw out tradition and began looking to areas previously shunned by endowment managers...
...traditional philosophy has been the 'tension' portfolio," Cabot says. "The usual standard of performance has been the Standard and Poors 500 index, and it is representative of the large common stocks. I have tried to diversify away from blue-chip into less competitive areas of the equity market...
...billion but only by using assumptions that call for a quick rebound in economic growth, coupled with a rapid descent of interest rates. Many economists view that combination as highly implausible. While the Administration predicts economic growth of 2.6% in 1990 and 3.3% in 1991, the blue-chip survey of 51 economists puts the figures...
...field of optical computing faded into relative obscurity, but it was revived in 1986 by a breakthrough at AT&T Bell Labs. Research scientist David Miller developed the world's tiniest optical switch, a thin chip that in its latest version measures no more than 10 micrometers (0.00004 in.) on a side. Made of advanced synthetic materials, the device can turn on and off a billion times a second without overheating...
Japanese companies have dominated the market for computer memory chips since the mid-1980s, but they may soon be facing stiffer competition from the U.S. and Europe. Last week IBM and West Germany's Siemens said they will join forces to develop a chip with a capacity of 64 million bits of information, or four times as much as today's experimental 16-megabit chips...