Word: consortium
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Dates: during 1980-1989
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...most widely publicized high-tech initiatives. According to reports circulating in Washington, the Administration was determined to cut not only the $10 million it had pledged for research into high-definition television, but all federal support -- including $100 million in 1991 -- for Sematech, the Reagan-era industrial consortium designed to catapult the U.S. into the lead in the technologies for manufacturing computer chips...
...acquisition comes amid a surge of Japanese investment fueled largely by Tokyo's $52 billion trade surplus with the U.S. In September Sony agreed to acquire Columbia Pictures Entertainment for $3.4 billion. And just three days after the Rockefeller Center sale, a consortium led by Japan's Mori Building Development paid $300 million for 85% of Houston's Four Oaks Place office center...
...prime reason for the slump is that corporate customers are cutting back on spending as they go through buyouts, mergers and restructurings. "Big customers are hanging back because they don't have any money," says Robert Noyce, chief executive of Sematech, a consortium of computer-chip makers. At the same time, the industry has graduated from an "original placement" business, in which many companies rushed to automate for the first time, to a "replacement" business, in which corporations buy computers only when they need new models...
Harvard was one of 14 universities which shared use of the multi-million dollar Princeton facility in a consortium arrangement, Weber said yesterday. The supercomputers, highly valued in advanced scientific research, make billions of calculations per second and are used in subatomic physics and semiconductor research, among other applications...
...they uproot and topple trees, allowing grasses and shrubs to take root and sunlight to reach the ground. By digging with their tusks, the great beasts bring underground pools to the surface, creating water holes that sustain a host of thirsty creatures. Warns a May 1989 study by a consortium of conservationists: "The elephant's extermination will lead to biological impoverishment and domino-like extinctions over much of Africa...