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Drug companies Novartis and Johnson & Johnson have set up venture funds to ensure access to the latest technologies. This fall Eli Lilly joined their ranks with a $75 million biotech fund. And IT firms such as IBM and Compaq are getting involved. IBM works in partnership with investment banks like Boston's Oxford Bioscience Partners to provide funds for promising start-ups. Says Carol Kovac, general manager of IBM's life-sciences program: "We see this as the next major scientific revolution for the decade...

Author: /time Magazine | Title: Cash Flows Into Biotech | 12/24/2001 | See Source »

...MICHAEL DELL In 1984 he declared his intention to unseat IBM as the world's leading computer maker. It sounded outlandish at the time, but in pursuit of that goal DELL COMPUTER has revolutionized its industry. It bypasses retailers by selling made-to-order computers directly to consumers at low prices, and profits from hyperefficient, just-in-time inventory management. Those innovations helped make Dell the No. 1 computer seller in the world this year. Michael Dell, 36, is raising his sights from PCs to the powerful servers and storage devices that serve businesses. In Dell's cross hairs: IBM...

Author: /time Magazine | Title: Leadership: The TIME/CNN 25 Most Influential | 12/10/2001 | See Source »

...CHUANZHI Making computers was not the first step on Liu Chuanzhi's long march to success, but it may well be the one that matters most. Liu, 57, survived China's brutal Cultural Revolution and rode the winds of reform to a government concession distributing IBM PCs in the late 1980s. Then he persuaded the government to let him build PCs. He's CEO of LEGEND COMPUTER, the most profitable PC maker in a market in which sales will grow 25% this year. Liu says he learned it all from Hewlett-Packard and IBM, but he aims to best them...

Author: /time Magazine | Title: Leadership: The TIME/CNN 25 Most Influential | 12/10/2001 | See Source »

...records management, woefully backward in recent years, are Mueller's top priority. Bob Chiradio, who, Mueller boasts, "builds computers for fun," will become executive assistant director for administration, supervising the modernization effort. But Mueller has also created the post of chief technology officer for Bob Dies, a retired IBM executive, and he's looking to hire a top IT expert from the outside...

Author: /time Magazine | Title: Behind the FBI Reorganization | 12/3/2001 | See Source »

...multibillion-dollar opportunity," says Lionbridge CEO Rory Cowan, whose firm, based in Waltham, Mass., is growing at a 30% annual clip. IBM, he points out, runs tech-support websites for laptop users in 22 languages, and much of the translation is done by Lionbridge. The cost benefit to Big Blue: reduced staffing at call centers. "They're probably saving $20 million to $30 million a year," he says...

Author: /time Magazine | Title: Exporting: Selling in Tongues | 11/26/2001 | See Source »

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