Word: intel
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...TIME chooses as its 1997 Man of the Year Andrew Steven Grove, chairman and CEO of Intel, the person most responsible for the amazing growth in the power and innovative potential of microchips. His character traits are emblematic of this amazing century: a paranoia bred from his having been a refugee from the Nazis and then the Communists; an entrepreneurial optimism instilled as an immigrant to a land brimming with freedom and opportunity; and a sharpness tinged with arrogance that comes from being a brilliant mind on the front line of a revolution...
...clips. "It's not good, it's not bad. Is steel good or bad?" The steel in his own character comes through at such moments. He has a courageous passion alloyed with an engineer's analytic coldness, whether it be in battling his prostate cancer or in guiding Intel's death-defying climb to dominate the market for the world's most important product...
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...
TIME Man of the Year: Andrew Grove He?s in the chips: Intel?s head honcho nets TIME?s most prestigious moniker...
TIME Man of the Year: Andrew Grove He?s in the chips: Intel?s head honcho scoops TIME?s most prestigious award...