Word: teche
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Dates: during 1990-1999
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...from shady middlemen who see the war as a perfect chance for price gouging. Says a spokesman: "An AK-47 normally costs $100, but we always end up paying at least double." That is nothing compared with the cost for mortars and other ammunition, let alone for the high-tech antitank weapons the K.L.A. at Kosare needs. New K.L.A. recruits are flea-market soldiers, carrying illegally acquired (or stolen) guns and identified by K.L.A. shoulder patches made in Germany. Heavier weapons come largely from East European countries--including the occasional Serbian commander willing to sell for cash...
Other funds highlight the power of one woman. Catherine Muther, 52, of San Francisco, earned lucrative stock options as an executive at the tech firms 3Com and Cisco Systems. In 1994 she pulled $5 million from her purse to create a fund that supports everything from female entrepreneurs to girl athletes...
This turnabout points up a broad trend in the market. Dare I say it? New-economy firms are out of favor. Since March 31, the smokestack-vintage Dow Jones industrial average has risen 1,000 points, while the tech-laden nasdaq has gone flatter than steel slab. In that period aluminum maker Alcoa rose a shiny 55% and joined heavy industrials such as 3M and Phelps-Dodge in posting heady gains. Tech wonders, including Cisco, Microsoft and Intel, floundered...
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Slatalla is a freelance tech writer...