Word: intel
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Dates: during 1980-1989
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...dropped the cost of a 64K RAM from about $23 to as low as $5, and it has stayed at roughly the same level this year. Though major American electronics companies like Motorola can afford to match that kind of price, the smaller, more specialized Silicon Valley firms like Intel and National Semiconductor are more hard-pressed to stay competitive...
...seeming shortage of some kinds of engineers may be caused by high-technology companies openly stockpiling the skilled workers so they will have them on hand when the economy turns up. Says John Swain, Phoenix manager of college recruiting for Intel, the computer-chip manufacturer: "The tendency is to hire rather than not to hire, even if you don't have an immediate need." This policy is straining engineering schools because the salaries are luring away students at the bachelor's degree level and discouraging them from going into teaching with higher-level degrees...
...Intel President Andrew Grove predicts that his and other semiconductor firms can defeat the Japanese challenge. Says he: "Our industry is in a critical stage of development, with our market under attack. We are now fighting a vicious assault; but so far as I am concerned, we will succeed...
Partly as a result of this increased competition, Intel sales fell by $66 million last year, and its profits were down 72%. National Semiconductor, whose earnings dropped from $30.2 million to $1.2 million during the last half of 1981, has halted construction of a plant in Arlington, Texas, and last year asked its employees to take twelve extra unpaid vacation days...
Valentine mentioned the company to A.C. Markkula, 40, a former marketing manager at Intel, a computer-chip manufacturer. When Markkula offered his expertise and $250,000 of his own money, Jobs and Wozniak made him an equal partner. Markkula helped arrange a credit line with the Bank of America and persuaded two venture capital firms to invest in Apple...