Word: upstarts
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...very factors that make entrepreneurs successful in starting companies can lead to problems later on. Frequently egotistical, the upstart executives seldom admit failure and sometimes refuse to share responsibility or hire good people to help run the company. A crucial turning point comes when a new enterprise reaches sales of about $250 million. In some cases, like that of Engineer Kenneth Olsen of Digital Equipment Corp. in Maynard, Mass., the innovative founder develops the managerial skills to run a large, complex organization. In other cases, the entrepreneur gets in trouble and must get help from professional managers. Centronics Data Computer...
Fylstra, who last week changed the name of his firm to VisiCorp, is at one of the many turning points for an entrepreneur. The company faces stiff competition from VisiCalc's many upstart imitators, among them makers of computer hardware who are selling more and more of their own software. Industry analysts see VisiCorp as a likely candidate for going public during the next two years. With appraisals of the company's worth running about $125 million, a public stock offering would make Fylstra an even wealthier young man. That would free him to strike out in another...
Later, a panoply of computer-age businesses in communications and data processing grew up that Bell could not enter. When upstart competitors like Washington, D.C.-based MCI began connecting their own equipment to AT&T transmission lines and going into business for themselves, Bell tried to block them. The Justice Department then charged that the company had conspired to monopolize telecommunications services in the U.S., a violation of the Sherman Antitrust...
...wasn't always that easy. Believe it or not, an upstart Bates squad dealt Harvard a 53-52 defeat last season when the Bobcats jumped out to a 21-1 lead and held on for the upset...
...upstart tennis bats an poach a few quick sets from your weekly partner. Flaunt that ego But hurry, because the word-of-mouth fad has taken off like a Harold Solomon moon ball and soon your opponent will indulge himself with the weapon. Then you and your rival will both be using oversized racquets. Thus, eventually the racquets will neutralize each other and everyone will be serving from zero. But in tennis that means love...