Word: high-tech
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Just surgical strikes, Israel's army commanders proudly proclaimed as they showed off video images of smart bombs intersecting cross hairs. This little war against Hizballah guerrillas in Lebanon was only a high-tech blitz on a bunch of terrorists, targeting specific buildings and vehicles hiding the enemy, avoiding nasty civilian casualties. In fact, two ambulances had been hit, three power plants had been damaged, and several hundred Lebanese, most of them noncombatants, had been killed or wounded. Still, for the first seven days, Israelis applauded the offensive, and much of the world tolerated it. But even the vaunted Israeli...
...Windows 95), but it has been engineered to run faster. Test drives last week were speedy but also very crash prone--par for most alpha tests. HYPEMETER Silicon Valley's "search engine" companies are about to become the latest winners in the giddy Wall Street sweepstakes known as the high-tech I.P.O. Granted, companies like Yahoo and Excite, which use typed-in key words to guide users through the Web's sprawl, perform an important editorial service. But with minuscule profits and an uncertain future, market valuations hovering at 300 times revenue (for Lycos, which went public last week) strike...
...that hardly stopped the city of Los Angeles from showering $85 million in tax credits and other incentives on DreamWorks SKG, the new Hollywood studio formed by moguls Steven Spielberg, Jeffrey Katzenberg and David Geffen. Also in on the deal were four high-tech companies, including IBM and Silicon Graphics, that are teaming up with DreamWorks to build an entertainment factory on 260 acres of wetlands where Howard Hughes once assembled his lumbering wooden "Spruce Goose" plane. DreamWorks wasn't leaving the area--it needs the specialized talent that lives there--yet Los Angeles mayor Richard Riordan didn't want...
Other states have treated California the way the Spanish did Mexico: they have plundered it, taking more than 800 large employers between 1989 and '92. So Republican Governor Pete Wilson pushed through a package of incentives, including across-the-board tax credits aimed at high-tech manufacturers, and created so-called Red Teams of public and private officials to persuade wavering companies not to move. One payoff came last year when a Long Beach--led team assembled an $80 million package that kept McDonnell Douglas from shifting part of the production of its new MD-11 jetliner to other states...
...marine biology isn't sort of Jacques Cousteau-ish anymore," Palumbi said. "It still is quite a bit adventurous, but you have to use high-tech equipment to look around...