Word: low-cost
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...INITIAL STRATEGY WAS TO STAY ABOVE THE fray. As American firms like Compaq , and IBM brought low-cost personal computers to its shores, NEC, Japan's foremost personal computer manufacturer, controlling about 50% of the domestic market, loftily insisted that quality should take precedence over cost. But the price pressure got to the company. NEC has announced a new low-priced line, including one model for $1,740, about half the price of an earlier comparable machine...
...mighty have fallen. While most of the industry is enjoying a renaissance, the world's largest computer company is being overwhelmed by an array of problems in one market after another. Its mainframe business, the core of the company, is being undermined by microchip miracles that make today's low-cost desktops as powerful as yesterday's closetfuls. Its lead in personal computers has evaporated. Its supremacy in computer chips is a mere memory. In software, upstart companies that didn't exist a little more than a decade ago are running rings around the 78-year-old behemoth. And even...
...long ago, the U.S. semiconductor industry faced extinction. After dominating the worldwide market since the invention of the computer chip in 1958, American manufacturers were devastated by foreign competition during the past decade. Led by the Japanese, low-cost Asian copycats undercut prices and mowed down U.S. chipmakers with murderous effect: the semiconductor industry lost more than $4 billion and 25,000 jobs between 1983 and 1989. Dozens of firms abandoned the business. American companies also hurt their own cause with shoddy work and high defect rates. Written off by many experts, the semiconductor industry seemed destined for the same...
...Japanese have retreated from some markets. Fujitsu, for example, is closing its U.S. chipmaking plant in San Diego. The factory made one-megabit memory ! chips, whose price has plunged in the wake of overproduction by South Korean firms. Japanese firms have recently had to contend with stiff competition from low-cost producers in Taiwan as well. They have also fumbled: Toshiba invented flash technology, but Intel picked up the idea and ran with it. Says Thomas Thornhill III, an analyst at Montgomery Securities: "We all thought Japan Inc. was the Godzilla that would gobble up the U.S. chip industry. Nobody...
Lyndon H. LaRouche Jr., LaRouche for President: A perennial candidate and former Democratic Party official, LaRouche--who was convicted of fraud and remains in prison--proposes converting the Federal Reserve into a National Bank and issuing $600 billion in low-cost credit to state and local governments for infrastructural public works project...