Word: siliconing
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Dates: during 2000-2009
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Here's the IPO pitch: invest in a company with no sales, an operating loss since inception and an idea for a product. It's not Silicon Valley calling--it's Tinseltown. Civilian Capital is selling shares of a movie, set to star Ethan Hawke, that starts filming next spring. Financing films through public partnerships is nothing new, but with Billy Dead (the movie's working title) Inc., the ante is much lower than normal. Shares are pegged at $8.75, with a 100-share minimum. The IPO, which is set to end Feb. 10, aims to raise $7.9 million...
DIED. EUGENE KLEINER, 80, gentlemanly, Austrian-born Silicon Valley engineer and venture capitalist; of heart failure; in Los Altos Hills, Calif. In 1957, with $3,500 and seven colleagues, he came up with a way to mass-produce silicon transistors, a discovery that opened the door to developing desktop computers and cell phones and spawned companies like Intel. In 1972, he co-founded Kleiner, Perkins, Caufield & Byers, a venture-capital firm that helped establish more than 300 companies, including Compaq and Sun Microsystems...
...fact is, Silicon Valley's top chipmaker would be hard-pressed to find a better-qualified candidate. Otellini has been with Intel since 1974 and once served as technical assistant to the legendary Andy Grove, Barrett's predecessor. Last year, as Intel faced cutthroat competition from rival Advanced Micro Devices in a declining PC market, Otellini sat down with his engineering team, which wanted to make a new microprocessor for laptops. His big idea: since laptop owners add wi-fi cards to their machines so that they can surf the Internet wirelessly at any hot spot, why not build wireless...
...DIED. EUGENE KLEINER, 80, engineer and Silicon Valley pioneer whose venture-capital firm helped establish Sun Microsystems, Compaq and Amazon.com; in Los Altos Hills, California. Kleiner, who fled his native Austria in 1938, co-founded Fairchild Semiconductor in 1957, which developed a technique for mass producing silicon transistors. Fifteen years later, he helped establish the venture-capital firm Kleiner, Perkins, Caufield & Byers, which gave seed money to more than 300 companies, including many tech powerhouses...
Relocators warn that acclimating to smaller-town life can take time, particularly for former city slickers addicted to a fast pace. Carol and Kevin Conway fled their lives as Silicon Valley technology executives in the mid-'90s and now run business-service companies in Fort Myers. At first, says Carol, 47, "I was staggered by the lack of competitive drive, the lack of the push-push-push mentality." It took a few years for her to learn that "people who move to secondary markets like this have got to chill." She's even stopped wearing panty hose to work...