Word: valley
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...along with thousands of jobs--as Xerox is expected to announce its latest massive restructuring. Last week the company was reportedly considering selling its debt-ridden financing operation, which lends money to prospective customers, to GE Capital. It has also discussed selling Xerox PARC, its research center in Silicon Valley, a source of great innovation--from the computer mouse to the graphical user interface and laser printer--but, thanks to the missteps of top brass, not a source of much income...
...company, formally disclose the damage, they'll do their best to put that speculation to rest and chart a turnaround strategy. Saddled with $17 billion in debt, Xerox is a bloated company that needs to trim the fat--and fast--to compete with the Japanese and rivals in Silicon Valley. Besides getting rid of the credit division and Xerox PARC, options include bailing on its Japanese joint venture with Fuji...
...rest of the country's not watching," says Kahn. Too bad, he figures. If they tuned in, they'd see that "New York is back on top. Like it or not, folks, we're back. It's not true that everybody with a brain moved to Houston or Silicon Valley...
...life-sounding noises. But Gore believed he couldn't help people if they didn't trust him, see him as one of them, and the main thing he promised to do was fight for his people, for their Social Security checks, for universal telephone service, for the sacred Tennessee Valley Authority...
...first elections in Palestinian history and an end to occupation for 99% of the Palestinian population. This July, Barak went the final mile, offering concessions so sweeping that even the U.S. negotiators at Camp David were astonished: giving up virtually all the West Bank (including the militarily crucial Jordan Valley), offering to divide Jerusalem, ready even to renounce Israeli sovereignty over Judaism's holiest site, the Temple Mount...