Word: gordons
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...powering the digital age up until now has been Gordon Moore's: that microchips will double in power and halve in price every 18 months or so. Bill Gates rules because early on he acted on the assumption that computing power--the capacity of microprocessors and memory chips--would become nearly free; his company kept churning out more and more lines of complex software to make use of this cheap bounty. The law that will power the next few decades is that bandwidth (the capacity of fiber-optic and other pipelines to carry digital communications) will become nearly free...
...Albert F. Gordon '59, a retired investment banker, pointed to White River's $4.4 million net income for 1996 as an indication that Harvard paid dearly for a corporation worth much less...
...Harvard is probably paying a premium. They doa lot of things they never explain and a lot ofthings they've lost money on," Gordon said...
...Gordon, a former securities analyst for KidderPeabody and Marcus Schloss and a donor to theUniversity, said Harvard will be able to cover itstracks if this turns out to be a losingproposition...
Harvard can take 20 percent of the earningsfrom another source and add them to White River'sas reserve to make the corporation's profitsappear higher, Gordon said...