Word: high-tech
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...going through the largest technological revolution in its history, and we're going to be standing right in the middle of it. Our game plan was to have E.D.S., Hughes and GM as the natural base for both growth and diversity. We are now being viewed as a high-tech company, not a medium-tech, mass- production...
While the Saturn project was being planned, Smith's high-tech talent scouts were continuing their hunt for acquisitions. Hughes Aircraft was an early favorite. Considered a rival to Bell Laboratories as an electronics developer, Hughes was precisely the type of company that Smith sought. "They are a storehouse of technology," he says. "Hughes' single biggest asset is its brainpower and teamwork." But Hughes coveted its independence and initially spurned GM. The rebuff turned the automaker toward Electronic Data Systems, a Dallas-based computer-services firm that Founder H. Ross Perot had built into the largest company in its field...
While General Motors went shopping last week for a high-tech aircraft and ) electronics manufacturer, R.J. Reynolds seemed convinced that plenty of money could still be made on cookies and crackers. Reynolds, the second largest U.S. cigarette maker, agreed to buy Nabisco Brands, the fifth biggest food manufacturer, for $4.9 billion. The merged company will have annual sales of more than $19 billion, making it the largest consumer-products firm...
There, amid the taco joints and shopping malls, are hundreds of burgeoning high-tech firms that help give the U.S. its essential -- but fast shrinking -- edge over the Soviets in high-technology equipment. From their high-rent spy nest in San Francisco, KGB agents fan out through the valley, looking for Americans who can be bought and secrets that can be stolen...
...sturdy tanks, but their home-designed computers are slow and crude. To close the gap, the Soviets have waged a massive and successful campaign to capture America's technological wizardry. Since the late '70s, estimate U.S. intelligence experts, the Soviets have made off with 30,000 pieces of high-tech equipment and 400,000 technical documents. As a result, declares Assistant Secretary of Defense Richard Perle, they have cut the U.S. technological lead from ten years to as little as three. For the U.S. and its NATO allies, who rely on brains to beat brawn, on "smart weapons" to counter...