Word: silicones
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...brand-new millionaires may live in two-bedroom apartments and wear T shirts and jeans. Rather than jet to Tahoe for the weekend in their Gulfstream, they are liable to be with the kids at the neighborhood soccer league. Running-shoe chic is often a pose in Hollywood and Silicon Valley, but this modesty appears genuine. Today's newly superrich are models of free enterprise, except for one thing: they don't seem all that interested in money...
...Internet. Paid $6.85 an hour, he was actually supposed to be writing software for three-dimensional scientific visualization. The university was enthusiastic about Mosaic, however. It gave the program away, earning the team that wrote it the undying devotion of the Internet underground. Jim Clark, who had founded Silicon Graphics, a computer firm known for its workstations, sent Andreessen an E-mail message in early 1994 suggesting that they talk. Using Clark's capital, they founded Netscape, with the idea of becoming a kind of Microsoft of the Internet. Their breakthrough product has been the Internet browser called Navigator...
...other hand, successful new companies are a welcome source of jobs, and the point of an IPO is usually to help a firm carry out a business expansion. "All you have to do is talk to people in Silicon Valley," says Ritter, who points out that "almost all of the firms that got started there in the past 10 to 15 years" were founded by people from behemoths such as Xerox or Hewlett-Packard...
...what did the shake-up mean? Most Silicon Valley analysts took it as a signal that Apple, which lost $69 million in the fourth quarter of last year, had abandoned its behind-the-scenes effort to merge with Sun Microsystems, at least for now. (Sun was reportedly offering a meager $23 a share for Apple stock, which closed last week at 291/4.) "Amelio's history shows that he emphasizes turning around companies, not selling them off," says consultant Tim Bajarin of Santa Clara, California...
...race to discover planets around sunlike stars proved similarly fruitless until about 18 months ago. At the time, Marcy and Butler were sure they had the inside track on finding them. The telescope they use, at Lick Observatory in the mountains above California's Silicon Valley, has an excellent view of the heavens. It also has one of the world's finest spectrometers. After a major refurbishment in November 1994, the device was even better. In principle, says Marcy, "we could detect not just Jupiters but Saturns...