Word: valleyful
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...after a four-hour quadruple-bypass operation during which doctors found his heart disease to be extensive, with some of his arteries over 90% blocked; in New York City. The former President was released from the hospital Friday. SENTENCED. FRANK QUATTRONE, 48, former investment banker to high-flying Silicon Valley companies during the Internet boom; to 18 months in prison; in New York City. He is appealing a May conviction for hindering a federal stock investigation involving Credit Suisse First Boston, but will be forced to begin serving prison time in late October while the appeal is pending. SENTENCED. SIMON...
...midlevel managers, who command salaries ranging from $20,000 to $40,000 annually, who are getting the fattest increases. Indian companies are resisting, but they're losing the battle as American companies like Accenture and IBM expand in India and often lure executives with better pay packages. Silicon Valley-style job hopping is suddenly in vogue. "If an executive is working with a firm for two or three years, and he doesn't get a pay raise, then he starts to look for another job as a way to increase his salary," says software engineer Moram...
Though the market is small, estimated at below $50 million, social-networking companies are suddenly attracting attention from the ultimate Silicon Valley networkers, venture capitalists. VCs are throwing money at broad-based public networks such as LinkedIn, as well as at specialized, closed systems like Visible Path, used by companies to share employee contacts behind the corporate firewall. Spoke Software, which offers both kinds of networks, already has more than $20 million in funding. Ryze, a public network, and Interface Software, a closed system used mostly by law firms, are out of the VC loop but in the money--both...
...continent known for samba and tango, Chile is the sober exception. But not for long, according to Mario Pablo Silva, managing director of the Casa Silva winery in Chile's Colchagua Valley, whose family's once staid operation is poised to make winemaking more of a fiesta. "By September," Silva gushes, "we plan to offer a high-end hotel with a restaurant, polo games during tastings, Chilean rodeo and horseback riding" beneath the Andes. Casa Silva and many other Chilean wineries are partying because their high-stakes bet--a red-wine grape called Carmenere--is paying off. Brought to South...
...cowboys). Four-star Spanish-colonial-style hotels like the Santa Cruz Plaza are sprouting up, and festivals like the Vendimia (grape harvest) are drawing new crowds of foreigners. At the bottom of the world these days, the wine future looks all bottoms up. --With reporting by Cristobal Edwards/the Colchagua Valley and Uki Goni/Mendoza