Word: high-tech
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...majority of Japanese workers enjoy lifetime employment, a fondly cooperative relationship with management and a mutual delight in the company song. True, there is less than 3% unemployment. But, in fact, Japan has a schizophrenic business system, a dual economy. The myth applies to 30% of it, in the high-tech and highly productive companies. But the other 70% of Japanese workers labor in smaller, considerably less efficient industries. There, they receive low wages and few financial benefits, if any. Such workers bounce from job to job within that traditional economy; last year there were 17,000 bankruptcies in Japan...
...negotiator for a major U.S. electronics firm. Japanese women are all but barred from the management of big companies, and the important after-hours business socializing in Japan is exclusively stag. Another admonition is not to send someone under 35 to conduct negotiations. Says an American official with a high-tech firm: "You are insulting the Japanese by sending a young man to deal with a senior executive, who is likely...
Pointing up this problem, a recent California survey showed that 36 of 49 underground storage tanks in the high-tech Silicon Valley were leaking. The seepage contaminated surrounding soil and fouled pockets of ground water beneath such communities as Santa Clara, Mountain View, Sunnyvale and San Jose. The California assembly, following the lead of eight cities in Santa Clara County that have passed ordinances to prevent such spills, has approved a tough toxic control law. As the measure moves on to the state senate, the mellow industrialists of Silicon Valley, to their acute discomfort, find themselves accused of poisoning their...
Specialty steels account for only 10% of American steel sales, but they are nonetheless the glamorous high-tech end of the business, the items that can produce big profits. Stainless steel, used for knives, forks and hundreds of other products, is one such metal. Jet-engine fan blades, nuclear-reactor control rods and orthopedic body implants are made of others. But just as the older American carbon-steel industry is being clobbered by competition from abroad, so too are specialty steels. As Wall Street Analyst Peter Anker put it, "No other country would permit the kind of intrusion in their...
...faithfully chronicling the fortunes of the many small electronics companies that all seem to have been conceived in garages and nutured around Boston or in California's Silicon Valley. This week's cover story, however, looks in another direction. It treats a very large, relatively old, traditional high-tech company, headquartered in New York's Hudson Valley, that has staged a spectacularly successful invasion of the personal-computer market: IBM, the once and future colossus. Says Business Editor George M. Taber, who supervised the story: "After telling the troubles of corporate behemoths like General Motors...