Word: high-tech
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During the past two years, even Sears has started selling black washers and dryers, and black refrigerators. "The sophisticated black look is a departure Mikasa crystal for Sears," admits Robert Hillman, an industrial engineer with the company. "We had to take the store buyers by the hand around to high-tech stores in Chicago." General Electric is sluicing black into the mainstream too. "We've greatly increased black items in the last year," says Walter Bennett, until recently an appliance marketer for GE. "This year we've made black available down into our very bottom lines...
...High-tech companies are pushing into previously unexplored--and unappealing--markets because most people who can easily afford computers and cell phones already own them; growth rates and profit margins in traditional markets are suffering as too many sellers chase too few buyers. The same situation exists in many businesses, says Prahalad. "The biggest problem facing global companies is the capacity for organic growth," he says. "At the same time, there are 4 billion people in the world saying, 'We would like to be part of globalization...
...quickly dismissed once they visited and fired a few rounds from the target pistols I own or took a pickup down to a local bar with a poker table in its back room--is setting like the evening sun. Ragged former cow towns like Bozeman are turning into suburbanized high-tech meccas for Ph.D.s who like to go rafting and snowboarding. These immigrants have brought with them an exotic culture of dining spots that feature formal wine lists, bookstores that sell titles besides the Bible, sports that don't center on the killing of animals and taverns whose...
Despite all the high-tech tools, the ocean proved very reluctant to give up the Atocha's treasure. For 101 days in 1968, Fisher's divers combed an area near the Upper and Lower Matecumbe Keys for the ship, using as their guides a number of Spanish archival documents that referred to the lost galleon. Fisher's crew found lesser wrecks that yielded up sizable bounties, but the big one remained undiscovered...
Mexico, though, enjoyed at least one bit of good economic news last week. IBM announced that it would build a microcomputer plant near Guadalajara. The facility will be wholly owned by the American company, marking the first time Mexico has permitted a foreign high-tech firm to have 100% control of a local subsidiary. A 1973 law limits foreign ownership to 49%. In January, Mexico rejected IBM's proposal to build the plant, but the company made several concessions to get the deal. It agreed to invest $91 million over five years, instead of the $6.6 million initially planned...