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...down the U.S. -- big firms or small? Two scholars came to sharply different conclusions in essays published earlier this year by the Harvard Business Review. Supply-Sider George Gilder, author of the book The Spirit of Enterprise, cites the roaring success of several of the newest Silicon Valley semiconductor firms -- including Chips & Technologies and Cypress Semiconductor -- as proof that such start-ups are the best hope for continued U.S. economic growth. In what Gilder calls the "law of the microcosm," he contends that the use of computers has given individuals more opportunity to innovate. Says he: "As circuitry is compressed...

Author: /time Magazine | Title: Big Vs. Small | 9/5/1988 | See Source »

...should the rains not come is the interwoven nature of the environment, economy and people. Crop failures, farm bankruptcies, high food costs, transportation disruption, municipal water shortages -- bad as all these are, they are familiar difficulties. Now there is the threat of other, more subtle damage. In California's Silicon Valley, a plan to cut pure reservoir supplies sent a shock through the semiconductor industry. Ionizing mineral-laden well water to the proper purity would send the water-treatment bills for just six firms from $2.1 million to $4.9 million, threatening their competitive positions and jobs. The San Francisco water...

Author: /time Magazine | Title: North Dakota: The Big Dry | 7/4/1988 | See Source »

...news raced through Silicon Valley like a burst of electrons. Steven Jobs, 33, co-founder of Apple Computer and one of the world's most famous entrepreneurs, was set to unveil the machine he had been laboring on since he stormed out of Apple nearly three years ago. The computer press, having first trumpeted the device's imminent debut last October, then again in February, then March, then May, was crackling anew with anticipation. This time it was certain. On June 15, or at the latest June 16, the world would finally see the computer that Jobs has billed...

Author: /time Magazine | Title: Technology: The Case of the Missing Machine | 6/20/1988 | See Source »

Shade-pulls, that's what Eisenberg associates with Wolfe's writing. In a piece written for Esquire's 50th Anniversary issue about a Silicon Valley mogul, Wolfe returned to his subject's hometown of Grinnell, Iowa. "Wolfe wrote very vividly about the streets of Grinnell, right down to the little details, the shade-pulls," Eisenberg says. "I was amazed he knew so much about the shade-pulls...

Author: By Shari Rudavsky, | Title: A Wolfe in Gentlemen's Clothing | 6/8/1988 | See Source »

Joseph McNamara, police chief in San Jose, in the drug-ridden Silicon Valley, estimates that his department spends 80% of its time trying to enforce the drug laws. "The fight against drugs for the past 70 years has been one long glorious failure," he says. "The courts are overflowing, there is violence on the streets, and the problem seems to be getting worse...

Author: /time Magazine | Title: Thinking the Unthinkable | 5/30/1988 | See Source »

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