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...more commanding grip than even Microsoft's stranglehold on PC operating systems. But to protect its position, Intel has cut semiconductor prices faster than anyone expected as rivals Cyrix and Advanced Micro Devices compete furiously to supply cheaper components for the $1,000 PCs now taking the world by storm. Intel's profit margin has eroded from nearly 63% a year ago to an estimated 58% today, says analyst Caroline Gangi at Lehman Bros. Margin erosion may be Intel's biggest problem. The company expects the figure to hit about 50% before leveling...

Author: /time Magazine | Title: ANOTHER SILICON VALLEY RECESSION? | 12/29/1997 | See Source »

...study as a lever to push for legislation banning mixed-gender basic training altogether. In what may be an analogous situation, the Administration lost control of a military issue when its unilateral effort to allow openly gay men and women to serve in uniform created a fire storm of opposition in Congress. The result, on that occasion, was a law barring active homosexuals from serving in the military. What had once been a presidential prerogative--requiring only the Commander in Chief's decision--had become the law of the land, virtually impervious to change. Another wave of moral outrage could...

Author: /time Magazine | Title: BOYS AND GIRLS APART | 12/29/1997 | See Source »

...running on a promise to renegotiate the stringent terms IMF bailout. He has since backed down, and the IMF says he is now on board. In an election that was one of the closest in the country's history, neither candidate could promise to dispel the IMF's storm cloud. At least Kim could tell voters he had done nothing to bring it over their heads...

Author: /time Magazine | Title: Chicken Soup For the Seoul? | 12/18/1997 | See Source »

...once in the grip of Noriega, Perez Balladares has appointed Noriega's former Foreign Minister, Jorge Ritter, as his Minister for Canal Affairs and chairman of the new 11-member Panama Canal Authority, the agency that will run the facility after 2000. In addition, the President has invited a storm of criticism by naming a passel of relatives and political cronies to the Canal Authority board. They include his former son-in-law, his cousin, two of his wife's cousins and his campaign finance chairman...

Author: /time Magazine | Title: THE CANAL CRONIES | 12/15/1997 | See Source »

Saddam should have been punished for his crimes after Desert Storm. You don't just chase away a rattlesnake. You hunt it down and kill it. JACK DENNIS Milledgeville...

Author: /time Magazine | Title: Letters: Dec. 15, 1997 | 12/15/1997 | See Source »

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