Word: microsoft
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Dates: during 2000-2009
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...largest democracy and home to one of the most well-educated work forces in the world. The country has made great strides from the inefficient and corrupt state-run economy of the 1970s, jumping headfirst into the information technology age. Long before President Clinton showed interest, Bill Gates of Microsoft and Scott McNealy of Sun Microsystems were already in India, building plants and using the wealth of labor to help fuel their companies. New policies of privatization, tax reduction and the lowering of staggering tariffs on foreign companies has allowed for steady economic growth over the past decade...
...catchy names and 300% annual stock returns. These are the "coders," or programmers, working 24/7 in Silicon Valley's fluorescent-lighted anthills. Code Rush follows doughnut-gobbling Netscape coders as they scramble to produce a new version of their Web browser and keep their company from being trampled by Microsoft. This no-frills hour is a valuable look at the hamster wheel of exhilarating and life-sucking work that powers the dot-com wealth generator...
Those fidgety day traders didn't bother waiting for Judge Thomas Penfield Jackson's second decision in the Microsoft antitrust trial. As the 5 p.m. announcement drew nearer on Monday, the desktop dealers dumped more and more of their investments in the tech-heavy NASDAQ, and by the time Jackson, who four months earlier had found that Microsoft wielded monopoly power, delivered a guilty verdict on two of three counts of abusing that power, they had produced a record 348-point, 7.6 percent plunge...
...count Microsoft, or the NASDAQ, or the high-tech industry, out just yet. While the government is now technically compelled to take action that will change Microsoft's business - many think Jackson will seek to break the firm into a bunch of "Baby Bills" when he produces his "remedy" in August - Bill Gates and his Redmond buddies are widely expected to appeal the decision, a process that could drag on for years. In the meantime, the whole nature of the computer-sofware-Internet business will have changed...
...worst today," says TIME business editor William Saporito. "But in the long run, this may not have such a big impact. The longer the trial drags on, the less the market will need a remedy. We're moving from the PC age to the Internet age, and Microsoft is simply not a force on the Internet. Two years from now the market could very well have done the job that Justice set out to do - making sure that Microsoft won't be dictating to anybody...