Word: mergers
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...superchips represent the merger of two quintessentially American pastimes: car customizing and computer hacking. When the first "engine management" chips debuted, some bright young computer types broke the coding and discovered that the tuning devices supplied by the manufacturers were designed for average drivers using low-octane fuel and left considerable room for improvement. With some minor adjustments, the processors that control engine timing and gear shifting could be reprogrammed for speed demons burning high-test to increase horsepower anywhere from...
...device just to run it. As Marshall McLuhan pointed out, every new medium takes its content from its predecessor: early films were simply recorded stage plays; the first TV shows were converted radio dramas. The same is probably true of this newest medium, which represents the merger of all its predecessors. At the moment, interactive multimedia is a powerful tool whose best uses remain on the horizon...
...these issues pale before the newly revealed miracle of fertilization, an event so dizzyingly complex that researchers say the more they know, the more they wonder that it works as often as it does. The actual merger of egg and sperm turns out to be one of the most straightforward steps in the process -- and the easiest to duplicate in a test tube. The events that occur before and after that union, scientists say, are where the real troubles...
...said Wall Street's dealmakers have gone the way of the extravagant 1980s takeover wars? Wall Street giants First Boston and Morgan Stanley stand to rake in $10 million apiece for helping put together BankAmerica's $4.4 billion merger with Security Pacific. Rothschild Inc. earned $2.5 million in cash and bonds for representing creditors in the bankruptcy of Donald Trump's Taj Mahal casino in Atlantic City. And Donaldson, Lufkin & Jenrette received $2.5 million last month for co-managing a $200 million junk-bond issue for Dr Pepper. Little by little, deal by deal, Wall Street's investment bankers...
...Such mergers are red meat to Wall Street, even if the fees they generate cannot match the profits from takeover wars. Investment bankers, lawyers and accountants raked in a staggering $1 billion for plotting strategy and raising the cash that enabled the buyout firm Kohlberg Kravitz Roberts to acquire RJR Nabisco for $25 billion in 1989. But the new deals are smaller and generally arranged by executives of the merger partners, so advisers play a smaller role and receive a correspondingly thinner slice of the overall purchase price...