Word: endowent
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...prevented competitors from producing clones -- made the company recession-proof in the past, has been badly bruised. Apple, which surprised Wall Street a week ago by reporting a larger than expected quarterly deficit of $188.3 million, has been losing its edge to software systems like Microsoft's Windows, which endow practically any PC with easy-to-use, Mac-like features. In a desperate bid to halt defections, Apple this month cut prices on 23 models of computers as much...
...Prince Turki bin Abdul-Aziz Al Saud, of Saudi Arabia, endowed a professorship of immunology at Harvard Medical School In October 1990. The amount of the gift was not disclosed, but it usually costs about $2 million to endow a full professorship...
...King Fahd bin Abdul-Aziz Al Saud, of Saudi Arabia, gave Harvard $5 million to support the study of Islamic law. The donation, announced last month, will endow a professorship and fund legal research...
Variations: If you're really rich, maybe your parents could endow central air conditioning for a dorm or for all the Harvard houses...
While the Stride Rite grant provides living expenses so graduates can work full time on public service, it does not endow the project. Fels expects her $15,000 to cover her personal expenses, but she will spend the summer lobbying the federal and local government, and private donors, for more funding...