Word: trades
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Dates: during 1990-1999
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...rewards openness. Information can no longer be easily controlled nor ideas repressed nor societies kept closed. A networked world facilitates free minds, free markets and free trade...
There are other worries. The Federal Trade Commission launched a second probe of Intel this fall. Though the firm has escaped with a clean bill of health in the past, its dominant market share may look like a fat bull's-eye to trustbusters. Intel's close relationship with Microsoft--tech insiders refer to a WinTel duopoly--does seem to make competition more difficult. Grove, for one, isn't slowing any plans because of the government. "We're very careful," he says, "and clean...
...been easy. A history of the semiconductor business reads like a chapter of the Iliad: Unisem, dead of obsolescence; Advanced Memory Systems, killed by management; Mostek, slaughtered in a Japanese RAM invasion. Intel has endured crippling chip recessions, one Federal Trade Commission probe and a nasty public flogging over its flawed Pentium chips in 1994. Now the prospect of cheaper computers using cheaper chips, not to mention the threat of economic troubles in Asia, looms. But no firm does more reliable (or profitable) work in the tiny molecular spaces that Intel has colonized. It is the essential firm...
...young Hungarian and decided to nurture it. In 1970, as the two were strolling through the zoo in Washington, D.C., Moore told Grove, "One day you'll run Intel." For the next two decades Moore shaped and polished Grove's thinking about everything from plastic packaging to Japanese trade. "He was," says Grove, "a father figure." In 1979 Grove became president, and when Moore stepped down as CEO of Intel in 1987, Grove stepped up. (At 68, Moore still works three days a week but probably not for the money: he holds close to $7 billion worth of Intel stock...
What's new about the new economy is that it's scary all the time, not just in cycles. Globalization, for example, may be essential and inevitable and highly profitable, when free-trade policies push the share of exports and imports from 17% of our economy to nearly 25% over the past 20 years. Last week GM, which has lost market share to the Japanese, produced the first right-hand-drive Cadillac to be sold in Japan. But because the market is global, there is no longer even the illusion of control, of national boundaries, and that's what really...