Word: techs
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Dates: during 1980-1989
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...Georgia Tech 59, Clemsox...
During the past 16 months, TIME'S Business section, headed by Senior Editor George M. Taber, has produced five cover-length examinations of the workings of the U.S. economy in general and some of its biggest companies in particular. The subjects: Wall Street, Chrysler, high-tech enterprises vs. "rust bowl" basic industries, IBM and AT&T. Running through all these stories has been a skein of numbers: units sold, market share, degree of dominance. For this week's cover story on the new multimillionaires, written by Associate Editor Alexander L. Taylor III, the numbers are more easily grasped...
...cash in their stakes. One of their most prominent critics is Intel President Andrew Grove. Grove accuses what he calls "vulture capitalists" of roaming around companies and tempting talented employees with promises of quick riches. He says that venture capitalists are in the process of wrecking some good high-tech firms. Of course, several of Intel's senior executives are partners in venture capital funds. Moreover, the company was started by two scientists who left Fairchild Camera and Instrument...
...transit system. This spring, Santa Clara County will begin construction of 20 miles of light rail and twelve miles of new freeway. The project's $382 million price tag is modest by mass-transit standards, in part because the system does not strive to be as high-tech as the computer culture it will serve. Says Susan Wilson, chairwoman of the Santa Clara County Transit District: "We're looking for a good Chevrolet, not a Cadillac...
Some Sony watchers are blaming the urbane, silver-haired Morita for the firm's problems. Snipes one: "Morita's perception of Sony as a high-tech, venture-capital firm is already dated." Critics accuse Morita of continuing to believe that consumers will readily pay a premium for Sony products. Says one Tokyo observer...