Word: chips
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What do computer memory chips, soybeans and pork bellies have in common? All are considered commodities, since their prices float freely, based on supply and demand. With that in mind, the Pacific Stock Exchange of San Francisco announced plans last week to create a futures market for DRAM (dynamic random- access memory) chips, the tiny silicon storage units found in products ranging from computers to toasters. Prices in the $6 billion DRAM market have seesawed sharply over the past few years, swinging from $3 to $30 a chip, depending on type and availability...
...chip futures market would allow manufacturers to buy or sell contracts for DRAM-chip delivery several months down the line, locking in a guaranteed price. Yet skeptics point out that microchips vary much more widely in quality and type than bushels of corn and that buyers who purchase their chips on the market rather than directly from suppliers will have far less influence over the manufacturing process...
...School's grading system gives as much weight to class participation as to exams, discouraging reticence while rewarding those who contribute to class discussions. As a result, students say they often address the ethical elements of a case study only in last-ditch attempts--called "chip shots" in B-School parlance--to offer a relevant comment before class time elapses...
...hard to gauge how seriously people took the module," says first-year student Jillian K. Cowan. "I think it has become, sadly, a little bit of a joke. These things have to be taken seriously; but there are a lot of chip shots, and I don't know how to prevent that from happening...
Later this year Aprex, a company based in Fremont, Calif., will begin marketing a high-tech medicine bottle designed to help doctors make sure that patients obey orders. Called MEMS (for medication event monitoring system), the container comes with a tiny computer chip embedded in its cap. When the patient takes off the cap to remove a pill, the chip records the day and time. At the patient's next checkup, the doctor can ask for the bottle back. Then the physician inserts the cap into a special electronic machine that analyzes the data contained in the chip and lets...