Word: teche
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...opponent, the incumbent Slade Gorton, is old enough at 72 to be grandfather to the average tech geek. Yet he's the best friend Microsoft has in the Senate, where he has tirelessly attacked the Justice Department's lawsuit. The more than $103,000 Bill Gates and his employees have donated to Gorton is one piece of evidence that he's "the Senator from Microsoft," as he has called himself. "I certainly am proud to have that moniker," says Gorton. He says that on the campaign trail, his zing at the antitrust suit is "one of the best applause lines...
...limit is a sign that there are some sleeping giants awakening in Washington State. Both Redmond and Real keep a lobbying presence in the "other" Washington. Now they are grasping the importance of having influence directly inside the Senate. Issues like Internet taxation and H1-B visas for overseas tech workers just keep cropping up too often, and the technology itself just moves too fast. "Not many Senators know what a software download is," says Alex Alben, Real's vice president of government affairs. With the tech-savvy Cantwell and Gorton, that's not an issue. What could matter...
...back up, and then climbed a mountain. Dow and NASDAQ swung nearly 500 points each and plumbed lows not seen since spring. Alan Greenspan spoke about the economy (good news - he's convinced that everything he's done will work out fine) and most of the biggest names in tech stocks reported earnings...
...with all the world watching on Friday - whither, boys? Bounce or bottom? - the Streeters punted. Some solid earnings from eBay, backing up a reassuring report on PC sales from Microsoft after the bell Thursday, floated pretty much everything tech up another couple of points after Thursday's buying hootenanny...
...volatility; on Friday, volume remained robust and the buying was steady, pushing the NASDAQ up 64 and the Dow up 83 by closing time. But after this week, a lot of investors would still rather breathe into a paper bag than place any big bets on the direction of tech...