Word: ibm
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Dates: during 1990-1999
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These traits have allowed Grove to push with paranoiac obsession the bounds of innovation and to build Intel, which makes nearly 90% of the planet's PC microprocessors, into a company worth $115 billion (more than IBM), with $5.1 billion in annual profits (seventh most profitable in the world) and an annual return to investors of 44% during the past 10 years. Other great entrepreneurs, most notably the visionary wizard Bill Gates, have become richer and better known by creating the software that makes use of the microchip. But more than any other person, Andy Grove has made real...
...Founded in the summer of 1968 by Gordon Moore (one of the great chemists of the century) and Robert Noyce (a co-inventor of the integrated circuit), it has blossomed under Grove's leadership into the world's pre-eminent microprocessor manufacturer. From a standing start in 1981, when IBM introduced the first personal computers, they have populated the planet at an astounding rate. And of the 83 million machines sold this year, nearly 90% get their kick from an Intel chip. So do antilock brakes, Internet servers, cell phones and digital cameras. And who knows what products...
Grove's dogma of relentless change and fearless leadership echoes from IBM in Armonk, N.Y., to the Great Hall of the People in Beijing. He is a perennial cover boy for the business magazines. Yet, he insists in his usual point-blank locution, "I haven't changed." He is a protective father of two daughters (he has asked us not to reveal their names or occupations), a spirited teacher (his Stanford business-school course is an annual sellout) and, almost incidentally, is worth more than $300 million. His 5-ft. 9-in. frame--honed by hourlong morning workouts, coiled...
...theory went like this: as the price of whiz-bang computers falls, demand will rise even faster. Looks like the theory was actually right. By autumn PC makers from Compaq to Hewlett-Packard to IBM were offering robust multimedia machines for less than $1,000--and nearly a third of all new PCs sold fell into that range...
Upstairs, the digital aristocracy was on parade. IBM, Compaq, the company formerly known as Bell Labs. There was Microsoft in a sprawling "pavilion," surrounded by legions of loyal affiliates. Next door, Sun Microsystems occupied a comparable fortress, flanked by scores of its own Java-fueled, death-to-Microsoft freedom fighters...