Word: chips
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Many U.S. record executives prefer a tougher solution. They are urging Congress to force the DAT manufacturers to equip their machines with a computer chip that will block the copying of prerecorded music altogether. But while Congress considers the matter in its usual deliberate fashion, some DAT makers are accelerating their assault on the U.S. market. Their reasoning: if enough Americans buy DAT recorders, Congress will be loath to interfere with how they are used...
More serious than the meet loss is the injury to Turbitt. Nagged for seven years by what was perceived to be a hamstring injury, the hurdler was told recently by doctors that his pain arose from a suspended chip from the base of his pelvis...
...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...
...also pondering what action to take. Next month the Senate Banking Committee and the House Telecommunications Subcommittee will conduct hearings on the crash. For one thing, the committees may look into charges that trading in futures contracts based on the Major Market Index, a basket of 20 blue-chip stocks, was manipulated by several major investors on Oct. 20 to trigger an artificial rally in the stock market. The Commodity Futures Trading Commission investigated the accusation and found no evidence of wrongdoing, but the issue will not go away. Says one Senate Banking Committee staffer: "We want...
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...