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...last month Pfeiffer figured he had reeled in one of the computer industry's prize catches in Gateway, the iconoclastic Sioux City outfit whose packaging bears the black-and-white markings of a cow's hide but whose burgeoning revenues are 100% filet mignon. Few know or even suspect just how close Pfeiffer came. The contracts were ready, and Waitt had the proverbial pen in hand before he evidently had a cathartic flash and rejected a nearly $7 billion takeover by Compaq. Gateway's current market value is $4.8 billion...

Author: /time Magazine | Title: THE PRICE OF FREEDOM | 5/19/1997 | See Source »

...movies, including The Flintstones, Casper and Twister. He helped develop TV's ER, masterminded a CD-ROM (Steven Spielberg's Directors Chair) and oversaw the giddy, multithrill Jurassic Park ride at Universal Studios, Hollywood. Oh, yes, he also started, with Jeffrey Katzenberg and David Geffen, a little outfit called DreamWorks SKG; Spielberg oversees the live-action film unit. And in the noblest spin-off generated by a hit movie, the director of Schindler's List established the Survivors of the Shoah Visual History Foundation, which records the testimony of Holocaust survivors. In April its first film won a Peabody Award...

Author: /time Magazine | Title: CINEMA: PETER PAN GROWS UP BUT CAN HE STILL FLY? | 5/19/1997 | See Source »

McLaren's militia-style outfit believes the Lone Star State was illegally absorbed into the Union in 1845 and is a sovereign nation. It has its own courts, army and even license plates. On April 27, McLaren's followers took up arms (and a couple of hostages) in retaliation for the arrest of two members, one for weapons possession and the other on contempt charges. The hostages--neighbors who had quarreled with the litigious McLaren--were freed after Texas Rangers allowed a jailed "republican" to join the commandos, who then decamped to McLaren's "embassy." That exchangee, Robert Scheidt, apparently...

Author: /time Magazine | Title: REMEMBER THE TEXAS EMBASSY? | 5/12/1997 | See Source »

...Angeles outfit has its own aspirations. It recently agreed to sell energy at wholesale to a black church-sponsored organization called Revelation Energy Resources Inc., which will retail the electricity nationwide--and thereby give new meaning to the term black power...

Author: /time Magazine | Title: POWER TO THE PEOPLE | 3/10/1997 | See Source »

Last week a three-way deal created the largest radio-only company in the country: Chancellor Media Corp. The new outfit combines Evergreen Media Corp. and Chancellor Broadcasting Co., which is controlled by investment firm Hicks, Muse, Tate & Furst and is valued at about $1.5 billion. The company will then buy 10 stations from media giant Viacom for $1.075 billion...

Author: /time Magazine | Title: BIZWATCH: Mar. 3, 1997 | 3/3/1997 | See Source »

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