Word: teche
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Dates: during 1990-1999
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...time zones away, in Beijing. To the Chinese, the Gulf War was a revelation--an introduction to 21st century tactics and weaponry that pointed out, in the most graphic way possible, the limits of China's massive but antiquated military. Smart bombs, flexible command and control, and seamless, high-tech attacks dazzled the Chinese leadership, who ramped up a campaign to upgrade the People's Liberation Army (P.L.A.) to world-class status. The new buzz words in China's Ministry of Defense became "limited war under high-tech conditions"--and China is now buying and spying its way toward high...
...Microsoft say it's not a monopoly when its software operates 9 out of 10 of the world's PCs? Because it considers nearly every high-tech company--including behemoths like Intel, Sun Microsystems, Oracle and AT&T--to be a direct rival. The company has become increasingly concerned about the breakneck speed at which those companies are forming alliances. America Online is buying Netscape, At Home is buying Excite, Lucent is acquiring Ascend Communications--all deals worked out since the start of the antitrust trial. "This is a yeasty industry," says Microsoft general counsel William Neukom. "It's important...
Investors buy prospects, and the prospects are for a year of record earnings at Intel and another year of monster growth at Yahoo. But the volatility in tech and the Net in particular has increased dramatically, to the point where only thrill seekers can bank solely on the latter. At one point last week, with Yahoo up 90 points, to 443, I let go some stock, and was happy to buy it back some 100 points lower a day later, when, despite reporting blowout earnings, it had fallen with the rest of the Net stocks...
...handle that kind of volatility and prefer steadier performance, old tech may be your best bet. Neither old nor new tech, however, is for the squeamish. That's who they make bonds...
Your report on what it cost the city of Phoenix, Ariz., to encourage Sumitomo Sitix of Japan to locate a silicon-wafer plant there was intellectually dishonest in describing what occurred [SPECIAL REPORT: CORPORATE WELFARE, Nov. 23]. You ignored the fact that this company brought 400 new high-tech jobs and an annual payroll of $14 million to a section of Phoenix that offered few employment opportunities. You failed to note the additional wealth created by yearly payments to vendors of $10 million, a $1 million payment to Phoenix for development and impact fees and $5 million in construction sales...