Word: intel
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Fears about the potential impact of 211 have already caused some companies to stop making predictions about their future. "We're not going to make any statement that could lead to frivolous lawsuits," said an Intel spokesman, after announcing that the company would no longer give such guidance to investors...
...worried as executives of the high-tech corridor in Silicon Valley. The computer whizzes have never been very active in politics, but now, in addition to sounding their alarm about 211, they are forming a lobbying group to head off future threats. Says Intel's senior vice president, Leslie Vadasz: "We need to be more proactive and make sure our story is heard early in the debate." Someone must be listening. Earlier this year, voters indicated a preference for Prop 211; more recent polls show that the lawyers are losing...
...tenfold--factors that can threaten to change everything about a business in an instant. Just as the car turned horse buggies into curiosities, new technology like the Internet, Grove predicts, will render obsolete hundreds of businesses that are thriving today. The lessons Grove has learned in building Intel into a giant resonate beyond the inside of a PC. "People who try and fight the wave of a new technology lose in spite of their best efforts," he writes. "They waste valuable time...
...surprising smell emanates from Only the Paranoid Survive (Currency Doubleday; 202 pages; $27.50), a literate new business-technology book from Intel CEO Andy Grove. The first wave comes as he describes how the microprocessor giant narrowly avoided tanking after shipping defective Pentium chips and then ignoring customer pleas for help in 1994. Another whiff drifts by as Grove recounts Intel's stumbling exit from the memory business just in time to avoid becoming lunchtime sushi for chip-dumping Japanese megaliths. And the scent grows stronger as he chronicles his decision not to orient his company to the Internet. The aroma...
Good fortune, of course, hasn't been the only thing that helped Grove build Intel into one of America's most profitable corporations (while pocketing a few hundred million of his own in the process), but the inescapable--albeit unstated--message of this book is that Grove's tremendous success owes a substantial debt to fate. In a high-tech economy where sudden change is the norm, the book reminds us that it takes more than a good head for business to survive...