Word: silicones
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...serpents, however, have begun to crawl into northern California's economic Garden of Eden. Though renowned for their liberal personnel policies, some Silicon Valley employers are under attack for their treatment of hourly production workers. Assembling circuit boards or inspecting chips is a tedious dead-end job that has attracted thousands of Mexicans, Filipinos and Vietnamese immigrants. Many earn wages of less than $5 an hour, low by industry standards...
...result is that some Silicon Valley companies are looking around the U.S. when they want room to expand. Many states, in search of industries that are clean, fast-growing and pay good wages and fringe benefits to skilled workers, would like to attract such companies. North Carolina is spending more than $24 million to build a microelectronics center near Durham in what is called the Research Triangle...
Sometimes a company's backers insist on professional management from the start. David Lee, 44, of San Jose, invented a high-speed printing system, known as the daisy wheel, which is now widely used in office machines. In 1973, when he started his own firm, Qume, in Silicon Valley, he and his backers agreed that an outsider should be head of the organization. Robert Schroeder, a Harvard M.B.A., then came in to run the company...
...board. At 26, Jobs heads a company that six years ago was located in a bedroom and garage of his parents' house, but this year it is expected to have sales of $600 million. Like so many new entrepreneurs, Jobs is a child of California's Silicon Valley. As a student at Homestead High School in Los Altos during the early 1970s, he was fascinated by technology...
...build the company, Jobs adroitly tapped the network of support services that has made Silicon Valley such a fertile place for fledgling businesses. Says he: "We didn't know what the hell we were doing, but we were very careful observers and learned quickly." Jobs pestered Regis McKenna, the area's premier public relations specialist, to take on Apple as a client. After refusing twice, McKenna finally agreed. For advice on how to raise money, Jobs consulted both McKenna and Nolan Bushnell, his former boss at Atari. They suggested that he call Don Valentine, an investor who frequently...