Word: high-tech
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...norm in and around MIT and Kendall Square are high-tech firms housed in office buildings that have taken over Broadway Street, coming ever closer to the campus itself...
...students, their travails with the SEC have already cost them hundreds of thousands of dollars in legal fees, depleting their savings, which is why the agency waived further penalty. At Georgetown law there are plans for workshops starting next month on "the ethical responsibilities of lawyers" in a high-tech environment, including trading securities on the Internet. The school has not yet decided whether enrollment will be mandatory...
...gleaming successes. Last week, on the same day that I saw Wonder Boys, I watched a different bunch of wonder boys (and women) strut their stuff on a TV special called Summit in Silicon Valley. ("Bunch" is wrong for the collective noun. "Grin?") I watched a grin of high-tech billionaires sunning themselves in national adoration, bright models of achievement for every double-breasted hopeful yearning for a Lexus. No one mentioned beautiful losers. The last shall be last...
Just saying yes has been a smart play. Up an unprecedented 86% last year, the index known for its high-tech and biotech wonders is up an additional 21% this year. It hit a new high Friday as the Dow struggled to stanch a 16% decline. The two market gauges have diverged dramatically all year, going in opposite directions on half of all trading days. Such an extreme divide has occurred only seven previous times in 30 years, according to Bianco Research, and in this case illustrates the extent to which investors are dumping old-economy stalwarts in favor...
Another increasingly ubiquitous, albeit less visible high-tech object is the smart card. Many a European wallet now includes one or more cards embedded with a memory chip, which may hold anything from a cash balance to be spent on small purchases to personal information that reduces the possibility of credit-card fraud--or even, as in France, a complete medical history. Three French companies produce more than two-thirds of the world's smart cards, a $12 billion business set to explode as companies discover the limits of the familiar magnetic-strip card, which can hold relatively little information...