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News spreads quickly and efficiently via E-mail, and when the digerati got wind of Burning Man, something clicked. The pierced and tattooed young Netizens of Silicon Valley and the Bay Area spend their workdays and worknights making little decentralized theaters of do-it-yourself creativity on the World Wide Web. Burning Man and its temporary city are material manifestations of the same creative urge. It was a perfect fit, a perfect way to celebrate a year of laboring on the Internet...

Author: /time Magazine | Title: BONFIRE OF THE TECHIES | 8/25/1997 | See Source »

...faithful's reaction to the Gates-Jobs duet was pretty much what anyone conversant with the Apple cult would have expected. "Mass suicide planned tonight in Silicon Valley," read a typical posting to the newsgroup alt.destroy.microsoft. And the MacWorld crowd booed Gates' image even more than Jobs' turncoat words. But there were cheers too. "Everybody was booing Microsoft," says attendee Mark Lilback, 24, "and then they were like, 'Oh, Bill Gates is listening to this,' and they started to applaud." Who could blame them? They knew the truth: they were a conquered kingdom's starving partisans. Booing Gates meant biting...

Author: /time Magazine | Title: IF YOU CAN'T BEAT 'EM... | 8/18/1997 | See Source »

...there's plenty about Macintosh that's worth controlling. Gates' richest prize may be Apple's intellectual property, both silicon-and carbon-based. The graphic designers, software gurus and other artsy types who constitute the Mac's most fervent cadres are a disproportionately influential market niche. Some two-thirds of all Websites are thought to have been created on Macs. "It's very attractive to Microsoft to have access to cutting-edge Mac developers," says Kurt King, an analyst with San Francisco-based Montgomery Securities, "particularly in areas like video streaming and other graphics technologies that represent the likely future...

Author: /time Magazine | Title: IF YOU CAN'T BEAT 'EM... | 8/18/1997 | See Source »

...Employment Training. Run on a $40 million annual budget provided by government and private grants, CET last year placed 3,141 graduates in jobs ranging from graphic artists to medical assistants. Among the recent hires was Pauline Flores, 29, a single mother of five who began work for a Silicon Valley pediatrician in May after seven months of medical training (cost: nearly $6,500). Today Flores earns $8.75 an hour answering phones, drawing blood, doing labwork and assisting physician Katherine Wong. "God, it feels good," Flores says of her job. "I wake up in the morning and want to come...

Author: /time Magazine | Title: OFF THE DOLE AND ON THE JOB | 8/18/1997 | See Source »

...some distinct patterns emerged: the stock market sank but ultimately staged a powerful recovery. There was also a noticeable flow into the stocks of small companies. The problem is that in this so-called new-era economy, historical benchmarks have been about as useful as an abacus in Silicon Valley. To borrow a phrase from the new-era crowd, it's different this time...

Author: /time Magazine | Title: CAPITAL GAIN=MARKET PAIN? | 8/18/1997 | See Source »

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