Word: silicones
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...Computer Resort in Chico, Calif, sponsored by Texas Instruments, features jumbo-size steaks barbecued around a swimming pool. Princess Cruises in Los Angeles will coordinate 15 hours of classes with a ten-day sail that includes calls at Mazatlan, Puerto Vallarta and Acapulco. Cost: $1,995. Prefer your silicon seminars on terra firma? For $879, Club Med provides Atari computers along with white-sand beaches and pina coladas at Punta Cana in the Dominican Republic...
...tactic that has worked for the likes of both the giant Manufacturers Hanover Trust of New York City (deposits: $41 billion) and the little Farmers & Merchants National Bank in Rensselaer, Ind. (deposits: $50 million). Now two California banks that plan to open later this year are using the strategy: Silicon Valley Bank and High Tech National Bank...
...want to be the banker for the electronics industry," says Roger Smith, Silicon Valley's president. His bank, with headquarters in a San Jose industrial building, will offer services like equipment financing for new companies. High Tech National Bank will go after the microchip money brought home by electronics entrepreneurs to the Silicon Valley suburb Los Gatos (pop. 28,000). Local residents include Steven Jobs, 28, chairman of Apple Computer, who is worth an estimated $200 million...
Pointing up this problem, a recent California survey showed that 36 of 49 underground storage tanks in the high-tech Silicon Valley were leaking. The seepage contaminated surrounding soil and fouled pockets of ground water beneath such communities as Santa Clara, Mountain View, Sunnyvale and San Jose. The California assembly, following the lead of eight cities in Santa Clara County that have passed ordinances to prevent such spills, has approved a tough toxic control law. As the measure moves on to the state senate, the mellow industrialists of Silicon Valley, to their acute discomfort, find themselves accused of poisoning their...
Another challenge came from California's Silicon Valley, where the microprocessor, or computer-on-a-chip, was developed. The tiny devices packed thousands of circuits onto a postage-stamp-size silicon chip and gave rise to the microcomputer. Apple recognized the potentially vast appeal of personal computing, and its sales jumped from less than $1 million to $582 million between...