Word: silicones
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...midlevel managers, who command salaries ranging from $20,000 to $40,000 annually, who are getting the fattest increases. Indian companies are resisting, but they're losing the battle as American companies like Accenture and IBM expand in India and often lure executives with better pay packages. Silicon Valley-style job hopping is suddenly in vogue. "If an executive is working with a firm for two or three years, and he doesn't get a pay raise, then he starts to look for another job as a way to increase his salary," says software engineer Moram...
...were to crack open your digital camera, one thing you would find is the image sensor, a tiny silicon chip about a half-inch wide embedded with millions of pixels tightly packed together. When struck by light, each pixel generates an electric current that is converted into the digital data that make up your picture. But not all pixels are created equal, and some cameras use larger ones than others. For example, the pixels on the HP Photosmart R707 are just 2.8 microns wide, whereas those on the Nikon D70 are 7.8 microns wide. (A micron is tiny?1/24...
...classic new-economy fable: a university student starts a tech firm in Silicon Valley, never bothers to graduate and goes on to make billions. The only difference between that legend and the true story of Mike Lazaridis, founder of Research in Motion (RIM), is that it took Lazaridis about a decade to come up with his killer idea, and when his epiphany did come, it happened in Canada, not California...
...Reed Hastings was six weeks late in returning a copy of Apollo 13 to his local Blockbuster in San Jose, Calif. The late fee was $40, and the former computer scientist thought to himself, 'Never again.' He came up with a simple solution--so simple that Silicon Valley entrepreneurs are still kicking themselves for not having thought of it first. Netflix customers keep a wish list of DVDs they want to see, in order of preference, on www.netflix.com Netflix then mails out the selected discs. The service costs $22 a month, for which customers get to keep three titles...
...with the public shareholder's one. They also got a vote of confidence from their venture capital investors, who thought better of earlier plans to sell their own shares immediately. But Google's success is an exception: in the past month, Claria, PlanetOut and Nanosys, all based in Silicon Valley, have canceled or postponed their IPOs. Round Two Of The Blame Game First the banks, then the auditors. Enrico Bondi, Parmalat's bankruptcy commissioner, filed a $10 billion suit against Deloitte Touche Tohmatsu and Grant Thornton International, the firms that audited the books of the disgraced Italian food and dairy...