Word: circuitous
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Dates: during 1980-1989
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...clear. Between March and August, some of the company's U.S. representatives allegedly resorted to classic pressure tactics to shore up profits that had been eroded by price wars. Panasonic threatened to cut off deliveries to retailers that discounted Panasonic goods. Among the targets: K mart, Montgomery Ward and Circuit City. Last week Panasonic, a division of Japan's Matsushita, settled charges of price fixing with the New York State attorney general's office. While Panasonic admitted no wrongdoing, the company agreed to refund as much as $16 million to an estimated 748,000 U.S. consumers who were overcharged...
...ideas with rivals. But retired Admiral Bobby Inman, former deputy director of the CIA who headed MCC until 1986, melted their resistance. Now under the stewardship of former Texas Instruments executive Grant Dove, MCC has brought to market its first products, including a new method for connecting chips to circuit boards and software that uses artificial intelligence to speed the development of complex microcircuits...
Such cooperative efforts tend to go against the grain in the U.S., where entrepreneurs often view their colleagues as blood rivals. "America has been wickedly competitive within itself," observes Robert Noyce, a co-inventor of the integrated circuit and near legendary figure from Silicon Valley who now heads Sematech. The danger is that by focusing too much on short-term competitive standings, U.S. industry will spend too little time preparing for the future. The most complex technologies require long-term planning and investments, and the payoffs, while potentially enormous, may be long delayed. But U.S. business leaders are showing signs...
...Aston Martin. In the lucrative world of product placement, show business and big business are seeing eye to eye about getting brand names into the movies. Says director John Badham, who incorporated Alaska Airlines, Apple computers, Bounty paper towels and Ore-Ida frozen french fries into his film Short Circuit: "If we can help each other, and it doesn't intrude on the movie, it's fine...
Think again. Christmas in Maine also means the Augusta Women's Basketball Classic. Harvard, Maine, Georgia Tech and Howard will face off this weekend in the holiday season's newest addition to the tournament circuit...