Word: techs
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Dates: during 1980-1989
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...fifth congressional district looks something like a pserodactyl. Its tall stretches out to Wess Townsend, the westernmost Lincoln in Middlesex County, the body takes contains the affident, liberal heartland of Concern, Weston, Lincoln and Sudbury and the booming high tech area around Route 128 and Interstate 495. To the north, Lowell and Lawrence, two mill towns trying to stage comebacks stick out like a clumsy head...
Bush's appearance last week at the X-29A's roll-out underscores the Pentagon's interest in high-tech fighters and the Administration's desire to publicize its military buildup in an election year. If successful, the plane, which will serve as a laboratory for new systems, will become a blueprint for fighter jets of the future. Says Robert Cooper, director of the Pentagon's Defense Advanced Research Projects Agency: "We decided we had to return to the days when we were willing to take major risks to make spectacular advances...
...High-tech companies encounter the hardest truths of the marketplace...
Other valley firms are discovering that high technology also involves high risks. Promised breakthroughs can be delayed and then produce few benefits. In addition, the high-tech firms are equally prone to the ailments that afflict all companies: miscalculation, mismanagement and even misfortune. Some electronics and computer firms along Boston's Route 128 are experiencing problems similar to those afflicting the valley...
...saying that the high-tech boom is over, though, or that Silicon Valley is about to short-circuit on its own success. Well-managed companies with strong market niches are thriving, and investors continue to back new ventures in high-growth businesses. Among them: CAD/CAM machines that are used for computer-aided design and manufacturing, and computer-aided engineering equipment. Still, the El Dorado atmosphere has waned. Says Public Relations Executive Richard Moran, a former Atari employee: "A gym teacher in Indianapolis still views Silicon Valley as the promised land. But a lot of people here...