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...crushing fall. In the Standard & Poor's 500, Morgan Stanley reports that just 15 stocks (3% of the total) accounted for 52% of the index's gain last year. "The market" may be going up, but it's almost entirely on the backs of a favored few: GE, IBM, Wal-Mart, Merck--all Dow components--along with tech wonders Microsoft, Dell (which I own) and Cisco...

Author: /time Magazine | Title: Divided by 10,000 | 3/29/1999 | See Source »

...writers called it, took the spotlight, ENIAC had a lot of unsung rivals, many of them shrouded in wartime secrecy. At Bletchley Park, Alan Turing built a succession of vacuum-tube machines called Colossus that made mincemeat of Hitler's Enigma codes. At Harvard, large, clattering electromechanical computers in IBM's Mark series also did wartime calculations. Even the Germans made a stab at computing with Konrad Zuse's Z electromechanical computers, the last of which was the first general-purpose computer controlled by a program...

Author: /time Magazine | Title: Who Built The First Computer? | 3/29/1999 | See Source »

...entirely forgotten. In the late 1960s, Sperry Rand, which held the rights to Eckert and Mauchly's original UNIVAC patents, sued Honeywell (which, like IBM, had got into the computer business) for royalty payments. At one point in the six-year litigation, Atanasoff testified that Mauchly cribbed ABC's key features during a five-day visit in 1941. Mauchly indignantly denied the accusation. But the judge took a different view. In a 1973 decision that was never appealed, he invalidated Eckert and Mauchly's patents and in effect declared Atanasoff the winner. Historians, however, interpret the ruling more broadly, viewing...

Author: /time Magazine | Title: Who Built The First Computer? | 3/29/1999 | See Source »

That's an immense if. Drexler's idea was initially dismissed as science fiction, but even skeptics admit that, unlike time travel and warp drives, nothing about it actually violates the laws of physics. And when in 1989 an IBM team famously spelled the Big Blue logo in xenon atoms, nanotech spread from the basements of feverish acolytes poring over Drexler's seminal book, Engines of Creation (1986), to the research labs of NASA and Xerox PARC. Today nanotech researchers speak not of if but of when. Great leaps forward come from thinking outside the box. Drexler may be remembered...

Author: /time Magazine | Title: The Engines Of Creation | 3/29/1999 | See Source »

...Bill the tousle-haired billionaire is back, bursting with business advice and all the exuberance of a boy genius. Sun, Apple, IBM and Intel are merely examples of companies that use digital nervous systems. You'd never guess they also play a major part in the feds' case. "Trial" to this Gates means nothing more than putting a new software product through its paces...

Author: /time Magazine | Title: Bill Gates' 12 Rules: Is There A Chapter Missing, Bill Gates? | 3/22/1999 | See Source »

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