Word: microsoft
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Dates: during 1980-1989
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...Microsoft...
Many people in the computer industry were unhappy last week when shares of Microsoft fell almost 14% in one day. But no one felt the sting more than William Gates, 33, the boyish-looking co-founder and chairman of the software- manufacturing firm. His 38% stake in Microsoft left him nearly $175 million poorer -- on paper. (His shares are still worth $1.1 billion.) Investors dumped the stock after hearing that profits were about to dip because of unanticipated delays in shipping two new versions of Microsoft's word- processing program...
...Microsoft is not the only software manufacturer in dutch. Many of its competitors are also having trouble getting their products onto store shelves. These companies are finding that developing successive generations of established software programs is a complicated and time-consuming business. The delays are beginning to irk mainframe- and personal-computer makers, whose powerful new machines cannot be fully used without up-to-date software. Among the more worrisome recent delays: Ashton-Tate's new version of a financial program hit stores three months behind schedule. And Lotus is almost a year late with its long-promised improved...
...economy's undisputed hero in the 1980s has been that footloose, creative pathfinder the entrepreneur. At a time when corporate America often seemed incapable of daring innovation, the likes of Apple Computer's Steve Jobs and Microsoft's Bill Gates forged breakthroughs in semiconductors, software and personal computers. Even in lower-tech fields, such risk takers as Domino's Pizza Founder Tom Monaghan demonstrated an impressive ability to create new products and services that no dominant corporation could match. "This has been a great age to be living in if you're an entrepreneur," exclaims Alfred Rappaport, a Northwestern University...
...power.) The core of Jobs' computer is the Motorola 68030, the most advanced general- purpose microprocessor chip on the market. That device's prodigious capabilities have been further enhanced by an array of custom-made chips that are not only state of the art but also artfully laid out. Microsoft Chairman Bill Gates has described the NeXT machine as the most beautiful computer ever built...