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Spearheading one camp is Sony, which is promoting a technology it calls Blu-ray. Sony quickly enlisted Matsushita, Philips and Pioneer, among others, as allies in its cause. All was going well in this spirit of selfless cooperation, Sony claims, until Toshiba decided to ruin the party. "We have had many, many meetings with Toshiba," says project director Kiyoshi Nishitani. But when it came to explaining the benefits of joining the alliance, he adds with a shake of his head, "we could not get them to understand...

Author: /time Magazine | Title: DVDs: Battle Of Blue Lasers | 10/11/2004 | See Source »

Toshiba's DVD executives cheerfully avow that they spurned the Blu-ray consortium's advances, deciding to develop their own HD-DVD technology instead. The proud victor over Sony in setting the standards for the first generation of DVDs in the 1990s, Toshiba is in no mood to concede its lead. Toshiba team leader Hisashi Yamada, a key player in the first DVD war, seems to delight in playing the role of the spoiler yet again in the face of what many at Toshiba perceive as Sony's arrogance. "The way of Sony is very simple," says Yamada. "'Our format...

Author: /time Magazine | Title: DVDs: Battle Of Blue Lasers | 10/11/2004 | See Source »

...reaction on Wall Street was swift and brutal. Merck's chief executive Ray Gilmartin announced that the company's 2004 earnings could shrink as much as 20%. Its stock promptly lost $28 billion of its market value, temporarily dragging the Dow Jones industrial average down with it. The timing could not have been worse for Merck, whose sales last year grew a paltry 5%, compared with 23% in 2000, and whose big anticholesterol drug Zocor will lose patent protection in 2006, with nothing to replace it. Some analysts wondered whether the company was ripe for a merger--an idea Merck...

Author: /time Magazine | Title: A Painful Mistake | 10/11/2004 | See Source »

...laureate who helped discover the double helix structure of DNA; in London. After a stint on the Manhattan Project during World War II, he turned his attention from physics to biology. With his colleague Rosalind Franklin at King's College in London, he came up with a clear X-ray image of DNA. Within weeks of receiving the photograph, James Watson and Francis Crick built a model of the giant molecule's double spiral structure. Wilkins shared the Nobel Prize for Medicine with Watson and Crick in 1962. DIED. YANG HUANYI, late 90s, believed to be the last writer...

Author: /time Magazine | Title: Milestones | 10/10/2004 | See Source »

...shrugged it off and drank a couple glasses of Cristal, basking in my newfound hip hop star status. When the bill came, however, it was a different story. Arnaud suddenly hadn’t ordered the champagne and the Ray Charles look-a-like kept repeating “she ordered it” in French...

Author: By Adam P. Schneider, | Title: French Toasted | 10/8/2004 | See Source »

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