Word: chips
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What has helped improve customers' appetites is the diversity of new products available. The most exciting ingredient, which will be the heart of 50 different computer models by year's end, is a $235 piece of silicon known as the 80386 microchip. It is this flat, black chip -- smaller than a matchbook -- that has powered the biggest advance in computer technology in recent memory. The 80386 brings to personal computers the speed and power that were once available only in larger and much more expensive minicomputers. IBM, Compaq and Tandy have built new high-end machines around this chip, which...
...company has prospered by catering to the conservative inclinations of its small-town clientele. "Other firms were advising people to buy and sell," says Ted Jones. "Our advice was to buy and keep." Currently, Jones brokers tend to recommend such blue-chip stocks as McDonald's and BellSouth. By putting down roots in small communities, Jones brokers can get to know their customers especially well. Says Bill Janssen, the Jones man in St. Peter, Minn.: "I can work with a customer Friday, fish with him on Saturday and sit next to him in church on Sunday." Last year the average...
...heaven's eyes, the "foolish" man finally moved the mountains. Faced with a conservative backlash that has blocked his political and economic reforms since January, Deng Xiaoping, the current master of China, appears to be writing his own version of Mao's parable. Deng has resolutely continued to chip at the mountainous obstacles to his reform program. As a result, reformers seem to have regained the upper hand and positioned themselves for further advances at a crucial Communist Party meeting scheduled for October...
Once it was hailed as the ultimate manufacturing industry, an enterprise that would cut American labor costs, boost productivity and rack up as much as $4 billion in sales by 1990. Blue-chip giants stampeded to buy into the action; bankers panted to finance the heralded expansion. Optimism was seemingly unbounded for the U.S. robotics industry, which produced semi-intelligent machines that were expected to help American businesses compete with low-wage foreign rivals over the next two decades and to improve greatly the quality of American industrial production...
There are days when it does not pay to show up for work. But sometimes it pays plenty. When Purcell, Graham, a blue-chip London brokerage house, opened for business last Monday, about half its 120 brokers were absent. By day's end it seemed that many had skipped to a nearby rival, Cantor Fitzergald, which is rumored to have offered to double the defectors' salaries...