Word: teche
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...EMERGING TECH PARTNERS KEY OFFICERS: Wei-Wu He, William F. Snider, Emanuel J. Friedman FOUNDED: September 2000 FUND SIZE: $40 million WHAT IT DOES: Venture-capital fund that invests in local genomics firms...
...often cited, perhaps too reductive, summary of Jack Welch's philosophy: If you're not No. 1 or 2 in your field, get out. Welch is still No. 1--after a tech slump slapped down Cisco, his General Electric is again the world's largest company--but he's getting out anyway. Kind of. He tapped a successor, Jeffrey Immelt, but postponed his planned April retirement to oversee GE's acquisition of Honeywell. His memoirs, planned for spring, earned a $7.1 million advance, which he plans to donate to charity. Welch, 65, turned staid GE into a dynamic, even...
Last week's bad news showed just how much. Retail sales fell 0.4% in November, led by the biggest drop in car sales in more than two years. Both UPS and FedEx reported that holiday shipments are slackening, while Microsoft and Compaq became the latest tech titans to blame poor earnings on a slowing home-PC market. Consumer sentiment about the economy, as measured by the University of Michigan, is at a three-year low. Given the drubbing on Wall Street this year, that's not surprising. As the NASDAQ soared in the past few years, the market created...
Modesty is a virtue, in Victorian novels as well as (in this age of falling chandeliers) Broadway musicals, but Jane Eyre's low-tech production is underwhelming to a fault. Characters are typically surrounded by darkness, as sets are wheeled in and out--a window, a chair, a broken chestnut tree. John Napier's design is often handsome, in its burnished browns and greens, but he and Caird don't seem up to the story's more difficult physical challenges: a fire set in Rochester's bedroom in the middle of the night, or Jane's first encounter with Rochester...
...Greenspan will do what he can, which is cut interest rates, and it's likely to work. He can't bring back the tech sector to its former glory, and neither can Bush, but a few interest-rate cuts might juice up the Dow and put some money back in the system for business borrowers. For Bush, the prospect of a big across-the-board tax cut is more attractive than it's been in years, but he'd better make sure it's fiscally sound enough get a few kind words from Greenspan, who got the inflation-hawk bond...