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...MEXICO Intel's Billion-Dollar Bunny Suits...

Author: /time Magazine | Title: Corporate Welfare: States At War | 11/9/1998 | See Source »

...same hysteria flows when large, fast-growing high-tech companies start shopping around for new plant locations. Intel Corp. invited six Western states--Arizona, California, New Mexico, Oregon, Texas and Utah--to compete for a new computer-chip fabrication plant, or fab, and selected the winner in March 1993. A senior executive explained the decision this way to the San Jose Mercury News: "We're going to build where Intel gets the best deal...

Author: /time Magazine | Title: Corporate Welfare: States At War | 11/9/1998 | See Source »

...what a deal it got. New Mexico and the community of Rio Rancho, just north of Albuquerque, won the bidding war by showering Intel with tax abatements and other assistance. Sandoval County, where the company erected its fab, authorized $2 billion in industrial revenue bonds in 1993 and an additional $8 billion in 1995--the largest local-government bond offering in history. The county held title to the land, building and equipment, which it leased back to Intel...

Author: /time Magazine | Title: Corporate Welfare: States At War | 11/9/1998 | See Source »

...somewhat fanatical movement. Programmers love Linux (rhymes with cynics) because it is small, fast and free--and because it lets them participate in building a library of underground software. Silicon Valley loves Linux because it offers an alternative to Sun, Apple and, especially, Microsoft; in the past month Intel, Netscape and some of the Valley's richest venture capitalists have invested in Linux operations. Journalists love Linux--and its Finnish eponym--because his is a story in the classic David and Goliath mold...

Author: /time Magazine | Title: The Mighty Finn | 10/26/1998 | See Source »

...Corp., a top-secret, high-tech start-up backed by Microsoft co-founder Paul Allen. The combination of Allen and Torvalds has fueled wild speculation about what Transmeta might be up to in its Santa Clara, Calif., skunk works. Is it building a new microprocessor that will compete with Intel's x86 chip set? Is it using, as some seem to believe, technology borrowed from visiting aliens to develop hush-hush projects for the government? Torvalds delights in the rumors and will neither confirm nor deny anything...

Author: /time Magazine | Title: The Mighty Finn | 10/26/1998 | See Source »

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