Word: silicon
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Dates: during 1990-1999
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SWEET SMELL OF...SILICON...
System Info Atlas may be gigantic (it's a quarter of the size of Windows 95), but it has been engineered to run faster. Test drives last week were speedy but also very crash prone--par for most alpha tests. HYPEMETER Silicon Valley's "search engine" companies are about to become the latest winners in the giddy Wall Street sweepstakes known as the high-tech I.P.O. Granted, companies like Yahoo and Excite, which use typed-in key words to guide users through the Web's sprawl, perform an important editorial service. But with minuscule profits and an uncertain future, market...
...that hardly stopped the city of Los Angeles from showering $85 million in tax credits and other incentives on DreamWorks SKG, the new Hollywood studio formed by moguls Steven Spielberg, Jeffrey Katzenberg and David Geffen. Also in on the deal were four high-tech companies, including IBM and Silicon Graphics, that are teaming up with DreamWorks to build an entertainment factory on 260 acres of wetlands where Howard Hughes once assembled his lumbering wooden "Spruce Goose" plane. DreamWorks wasn't leaving the area--it needs the specialized talent that lives there--yet Los Angeles mayor Richard Riordan didn't want...
...California can't arbitrarily lower its cost of labor or real estate. Intel, the world's largest maker of microchips, chose Albuquerque, New Mexico, as the site for a new $1.3 billion semiconductor plant, stiffing its own headquarters location in pricey Silicon Valley. New Mexico sweetened the deal further by giving Intel a 30-year exemption from property taxes for the plant, which Intel says will create 3,000 jobs. The exemption formed the bulk of a 30-year, $566 million incentive package from New Mexico that works out to nearly $190,000 per job. (New Mexico's unemployment rate...
DIED. DAVID PACKARD, 83, electronics and computer pioneer; in Stanford, California. The "Birthplace of Silicon Valley," an official California State landmark, is the garage where Packard and his Stanford University classmate William Hewlett opened a workshop in 1939. Today Hewlett-Packard is the nation's second largest computer maker (behind IBM). Packard eschewed corporate pomposity, preferring "management by walking around" to keep employee morale high and focus on achieving objectives. In the '60s, he met with Stanford students protesting his company's defense contracts, and later mediated talks between them and their school. His personable style and civic activism inspired...