Word: teche
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Jump ropes have come a long way from the playground and boxing gym. Today you can find sleek bodies skipping rope in upscale health clubs from Manhattan to Hollywood. What's the appeal? It's a low-tech exercise that jump-starts the heart and burns more calories than most aerobics, according to the American Council on Exercise. It also delivers a full-body workout. "You end up working the tiniest muscles," says platinum-selling R.-and-B. singer Deborah Cox, who recently unveiled the new, more muscular body she attributes to her jump-rope routine. Renee Zellweger and Jennifer...
...perception of risk is greatest at technology companies. It was far easier to recruit outside directors before the tech-sector collapse, "when there was a huge upside in the stock," says Bobbie Kilberg, president of the Northern Virginia Technology Council, a regional trade group of 1,600 tech firms. These days, potential directors are less willing to sit on the board of any company whose product or service they don't understand. Kilberg says she recently agreed to join a local bank's board but turned down a small software firm. "It just wasn't worth it," she says. Robert...
...that breathe and bleed? If it sounds like a grab bag, that just goes to show how rapidly the defense business is changing. And the best model for a post-9/11, homeland-security-era defense firm may be L-3 Communications, which makes each of these unique high-tech devices...
...from Lehman Bros., Lanza bought 10 Loral electronic-manufacturing divisions, glued them together, bulked up their research-and-development units and named them L-3 (for Lanza, La Penta and Lehman Bros.). Lanza took the company public in 1998. Now L-3 thrives in two fast-growing markets: high-tech military gear and civilian security...
...systems, solidified its reputation in the 2001 war in Afghanistan, when its technology enabled commanders at a base in, say, Tampa, Fla., to see real-time images of Afghan battlefields. Contracts soon multiplied. "The U.S. has plenty of firepower," says Kevin Landis, chief investment officer of Firsthand Funds, a tech-focused mutual-fund group in Silicon Valley. "But Frank Lanza tells them where to point it." L-3's military customers also include Canada and other NATO countries...