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...Raton, Fla., to begin designing a small computer (the project was code-named Acorn). Twelve months later, the PC was rolling off the production line. Breaking with tradition, IBM had used many non-IBM components: the TV monitor came from Taiwan, the printer from Japan and the microprocessor from Intel Corp., a major chipmaker in which IBM last week acquired a 12% interest for $250 million. The investment was one of the largest IBM has ever made in an outside corporation. Software for the PC was provided by outside suppliers as well. To IBM's embarrassment, early users discovered...

Author: /time Magazine | Title: Other Maestros of the Micro | 1/3/1983 | See Source »

...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...

Author: /time Magazine | Title: A Big Fight over Tiny Chips | 8/9/1982 | See Source »

...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...

Author: /time Magazine | Title: Help Wanted: Engineers | 5/10/1982 | See Source »

...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...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

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...

Author: /time Magazine | Title: The Seeds of Success | 2/15/1982 | See Source »

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