Word: high-tech
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Even those who support the Reagan program are becoming impatient with the budget process. Says Itek Corp. Chairman Robert Henderson, whose high-tech optical company anticipates "significant" first-quarter losses: "I didn't expect that we would knock out the deficit overnight, but I would like to see some indication that we are really working...
Even more worrisome is a growing lack of experienced workers in high-tech fields. Post-Viet Nam cutbacks in defense procurement sent enrollments in engineering schools plummeting. Though that is now changing, the number of graduates is still far too small to handle the projected demand. Executives at Eaton Corp.'s AIL Division frankly admit that their company will have to raid other electronics firms to find the engineers and computer experts needed to make controls for B-1 bombers. Asserts Economics Professor P.M. Scherer of Northwestern University: "This means either a bloody battle to divert engineers from other...
Harp and Ely's education in computers actually began when Bob Harp, a onetime engineer at the California Institute of Technology and an inveterate high-tech tinkerer on weekends, proposed that the two try to market a memory board, which stores information, that he had designed in his spare time. With $6,000 they bought inventory and printing materials and started assembling the boards in the Harp home. Styrofoam packing materials were stored in a downstairs shower; the dining room became a testing area...
...Black's first day at work that he suddenly discovered the company was ready to announce a big quarterly loss. To slash costs, he moved the firm's headquarters to Chicago to be closer to AM's plants and sold off the high-tech acquisitions. As the company's prospects continued to deteriorate, though, Black decided to sue. Last week AM International announced that he had quit to avoid a conflict between his employment and the lawsuit...
...high-tech machinery is now part of all fast food joints, and last summer had nothing to do with Whoppers or McSundaes or Gino's Glants. For three, months, chicken was the name of my game, Alex's Chicken plus, to be more specific...