Word: foundered
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Dates: during 1980-1989
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...million firm by delivering packages that "absolutely, positively have to be there overnight," as its ads claim. Nolan K. Bushnell, 39, invented Pong, the first video game, in 1972. He then sold his company, Atari, to Warner Communications in 1976 for $28 million. Steven Jobs, 26, the co-founder of five-year-old Apple Computer, practically singlehanded created the personal computer industry. This college dropout is now worth $149 million...
...small company not far from the campus in 1939. Hewlett-Packard is now the area's largest electronics employer and a leader in computer-based technologies. Moreover, many of its employees have left the company to start a host of new businesses. Among the most successful: Apple Co-Founder Stephen Wozniak and Tandem Computers' James Treybig...
...with rising unemployment, escalating housing costs and the spreading practice of discharging less seriously afflicted mental patients. Hayes has received inquiries from concerned people in 25 cities, including Chicago, Columbus and Portland, Me. Can he offer any help? they ask. He has decided he must go on trying. A founder of what he hopes to transform into a national coalition for the homeless, he will leave his $40,000-plus job on Wall Street in the next few weeks to work full time for the new organization and the homeless clients whom no one else has been moved to represent...
...March of Dimes will honor its founder with a dinner in Washington. The Democratic National Committee will stage a fund raiser in New York. So will a gaggle of other organizations, ranging from the Indiana Democrats to the port of Oakland...
DIED. Edward Simmons ("Ned") Irish, 76, founder and past president of the New York Knickerbockers basketball team, who was also largely responsible for promoting college basketball into a major arena sport; of a heart attack; in Venice, Fla. In 1934 he launched the first regular-season college basketball doubleheader at New York's Madison Square Garden, and went on to run its successful college basketball program. In 1946 Irish helped set up what eventually became the National Basketball Association...