Word: techs
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Dates: during 1990-1999
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White-hot competition is another part of the equation, and it's a jarring reality pretty much across the tech board. Success breeds imitators. Imitators flood the market with goods. Prices (and profits) come down. Again, take Intel. It supplies nearly 90% of the microprocessors in PCs worldwide--a more commanding grip than even Microsoft's stranglehold on PC operating systems. But to protect its position, Intel has cut semiconductor prices faster than anyone expected as rivals Cyrix and Advanced Micro Devices compete furiously to supply cheaper components for the $1,000 PCs now taking the world by storm. Intel...
Even before those obstacles surfaced, tech companies faced serious questions on the demand side. Firms have invested heavily in PCs and other "must-have" gadgets in the past few years. Sure, the stuff is really cool. But executives want to see payback before they extend the binge. It's unclear whether PCs and, say, Internet connections have made office workers more productive or simply more distracted. (Websites that seem to get the most hits are those featuring swimsuit models.) Real-world users of technology shouldn't fear that the ship is sinking. It's not. But for now tech stocks...
...newlywed at the age of 71, some 44 years after his first marriage was annulled, an admirer of high tech who nonetheless drafts speeches in longhand, a Republican who gets along better with the Clinton Administration than he ever did with its G.O.P. predecessors, Alan Greenspan has long been a man of surprises. But none is more startling than his recent transformation in the public mind. Back in 1994, when he was engineering a series of interest-rate increases, the Federal Reserve chairman was regularly assailed as a zealot willing to strangle economic growth in pursuit of a chimerical goal...
...year filled with world-shaking events, the overriding story was the economy, but the driving force behind the economy has clearly been technology. And no one has done more to further technology's long march than our 1997 Man of the Year, Andrew Grove, the 61-year-old high-tech impresario who came to America a penniless refugee and went on to make Intel the Silicon Valley powerhouse whose microprocessors run 90% of the world's personal computers...
...Rise of Joel Klein The Justice Department antitrust tyro's first shot across Microsoft's bow (over the bundling of Windows 95 and Internet Explorer) served notice to Silicon Valley that there's a new, tech-savvy sheriff in town. Next in his scope: the looming battle over Windows 98 and a closer look at microchip colossus Intel...