Word: teche
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...within, while those that gobble up lots of other companies almost always end up with a nasty bout of nausea. Tyco is only the latest case; earlier came Conseco and others all the way back to the notorious LTV in the 1960s. Cisco, which has eaten dozens of other tech firms in recent years, hasn't quite gagged yet, but I'll be surprised if it doesn...
DIED. DANIEL CASE III, 44, who, as head of the high-tech banking firm Hambrecht & Quist, and later chairman of J.P. Morgan HQ, helped fuel the Internet explosion of the '90s; of brain cancer; in San Francisco. Case, brother of AOL Time Warner chairman Steve Case, financed such Silicon Valley pioneers as Apple Computer, Adobe Software and Netscape Communications...
Followers of the Chinese spiritual practice Falun Gong often use high-tech tools to spread their message in China, where the sect is banned. But the group's latest tactic--overriding Chinese satellite Sinosat 1 and replacing its regular programming for 10 minutes last week with fuzzy text reading "Falun Dafa Is Good"--stunned government officials with its sophistication. (Falun Dafa is the name given to the group's beliefs.) To pull off the feat, the activists needed a nearly 30-ft. satellite dish plus about $1 million worth of equipment that would fire a perfectly tuned beam at Sinosat...
...thus ending its central role in preserving the cultural exception he had declared dead. Messier certainly had reason to economize. In March Vivendi revealed 2001 losses of €13.6 - the largest in French history - mostly due to a €15.7 billion write-down of companies purchased before the high-tech bubble burst. And the financial news just kept getting worse. Despite asset sales and desperate accounting ploys, concerns over the servicing and payment of Vivendi's €30 billion group debt last week led Moody's to rate Vivendi Universal bonds as junk and sent share prices tumbling ever further...
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