Word: intell
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Dates: during 1990-1999
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...President?s not alone on this one; he has the governors of Virginia and California (homes to AOL and Intel), not to mention common sense, in his corner. And as long as most states remain opposed, Clinton gets to do what he relishes most: Crisis management from the bully pulpit...
...continued quiet in Asia is really the key," says Schwartz. Tech bellwethers like Intel, Microsoft, and Cisco, supposedly the primary victims of sluggish overseas markets, have been rising steadily of late. And at home, potential flare-ups like the Lewinsky scandal ("Wall Street loves stability," Schwartz says) have had no effect on Bill Clinton's approval ratings--except to push them higher. And a military strike on Iraq looks weeks away. "Wall Street is emotional," Schwartz says. All the big players are buying, and when the mood is this good, only a real catastrophe is capable of spoiling...
...past is not prologue: the Street pays for future earnings, and in the same breath that Intel used to pronounce last quarter's tidy profits, it also warned of some tough months ahead. The stock got pounded. Ditto Kodak a few days later, except that its profits weren't so tidy. I'm expecting a batch of replays, and if it happens that way, analysts will be letting air out of their earnings estimates for months. So when stocks fall, don't bother looking for an explanation. It's earnings angst, and Wall Street is running out of tranquilizers...
...always look forward to seeing your pick for Man of the Year [Dec. 29-Jan. 5], but I can't remember ever having such a good feeling about your selection. The story of Intel's Andrew Grove could easily be turned into a Spielberg movie about overcoming adversity and achieving the American Dream. Great choice! BOB JACOBSON Eden Prairie, Minn...
...heroes. I want leaders to proclaim that if used wisely, this technology can provide one of the seminal moments in human evolution. The printing press, radio and television all come to mind as precursors of this revolution. Perhaps Grove has made his goals clear simply in his involvement with Intel, but if he has a view that reaches beyond our limited horizons, how I wish he had shared it with us. EVAN RHODES Bay Point...