Word: siliconized
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Dates: during 1980-1989
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Even humming Silicon Valley is planning a new transit system. This spring, Santa Clara County will begin construction of 20 miles of light rail and twelve miles of new freeway. The project's $382 million price tag is modest by mass-transit standards, in part because the system does not strive to be as high-tech as the computer culture it will serve. Says Susan Wilson, chairwoman of the Santa Clara County Transit District: "We're looking for a good Chevrolet, not a Cadillac...
...sweeping and generous. The Chicago-based Leo Burnett advertising agency gave all 1,600 of its U.S. employees a "profit-participation cash bonus." Said one Burnett executive: "It was a good deal better than last year's. I haven't detected a single sign of disappointment." At Silicon Valley's Hewlett-Packard, supervisors ceremoniously handed out checks to 62,500 employees for two weeks' extra pay, just in time for Christmas shopping. To qualify, employees needed at least six months on the job. The total bonus came to $49 million, up slightly from last year. Said...
...scientists, from Europe, the U.S., Canada and Japan, were able to point to a number of important findings, including new insights into the body's reaction to weightlessness, a greater knowledge of the composition of the earth's atmosphere and invaluable experience in growing high-quality silicon crystals in microgravity...
Apple Computer (1983 sales: $982.8 million) reported last week that its fourth-quarter profits fell 73%, to $5.1 million, compared with last year's earnings results. The plunge forced Apple, hitherto one of the most prosperous firms in California's Silicon Valley, to suspend payment to its employee profit-sharing plan for the first time since the company went public in December 1980. A day after Apple's announcement, Massachusetts-based Digital Equipment Corp. (1982 sales: $3.8 billion) announced that its profits were off 72% during its most recently ended quarter. Digital's stock lost...
...more. Harper is being held without bail for a hearing Oct. 27. If convicted of espionage, he faces life imprisonment. If Harper talks some more, the big question is what he might say about William B. Hugle, an engineer-businessman in his late 50s who founded several Silicon Valley electronics firms...