Word: pocketing
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Dates: during 1990-1999
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MTV/Simon & Schuster Pocket Books...
Harvard students are a happy bunch. Between course lotteries and Pudding punches, matchbox car-sized cockroaches and papery firedoors, tapered jeans and pocket protectors, what is there not to be thrilled about? Certainly no one ever considers leaving the college. Without that degree, Solomon Brothers won't call. Not will HLS, HBS, HMS or GSAS. Goshdarnit, even Legal Aid will turn you away. And anyhow, the Head of the Charles is coming...
Mark McGwire and Sammy Sosa put the fannies in the seats, the beers in the hands, the yearbooks in the pocket books and the bosses in the luxury boxes...
...accessing the Internet. Alcatel, the French phone giant, is already marketing a phone called the One Touch Com, which has taken all the functions of a palm-size organizer, such as address book and scheduler, and installed them in a mobile handset small enough to slip in a shirt pocket...
...prospect of such low prices has spawned even more consortiums eager to be top dogs in the satellite-Internet communications business. The most ambitious venture is Teledesic, founded in 1990 by deep-pocket investors including Microsoft CEO Bill Gates, Saudi Prince Alwaleed bin Talal (with a 13.7% stake), and cellular pioneer Craig McCaw, who is the chairman and co-chief executive. Motorola, after a frosty initial reaction to the project, dropped its own system, Celestri, and joined in with $750 million for a 26% stake. Once jeered as the most starry-eyed start-up ever, the $9 billion Teledesic project...