Word: parc
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Dates: during 2000-2009
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...fingers inky, is about to bloom into a thousand different forms. The one you use will increasingly depend on what you need to use it for. "The tyranny of the static book is over," says Rich Gold, head of the Research on Experimental Documents (RED) team at Xerox PARC. "The digital revolution can incorporate radical new visions of reading...
Reinventing the book? It's not the kind of thing you'd expect to find preoccupying even the most eccentric inventor's mind. Yet Xerox PARC (it stands for Palo Alto Research Center) is the kind of place that prides itself on overturning assumptions. For one, there are no lone nuts tinkering away in silent labs. Teamwork takes priority here--and as history suggests, there's nothing more powerful than the feedback effect of inventors riffing off one another's work...
...week that rebellion will be crushed--along with thousands of jobs--as Xerox is expected to announce its latest massive restructuring. Last week the company was reportedly considering selling its debt-ridden financing operation, which lends money to prospective customers, to GE Capital. It has also discussed selling Xerox PARC, its research center in Silicon Valley, a source of great innovation--from the computer mouse to the graphical user interface and laser printer--but, thanks to the missteps of top brass, not a source of much income...
...that speculation to rest and chart a turnaround strategy. Saddled with $17 billion in debt, Xerox is a bloated company that needs to trim the fat--and fast--to compete with the Japanese and rivals in Silicon Valley. Besides getting rid of the credit division and Xerox PARC, options include bailing on its Japanese joint venture with Fuji...