Word: xeroxes
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Dates: during 1990-1999
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Harvard students' true Hobbesian nature has unabashedly emerged. It's an anarchic war of all against all. The war is played out at the Xerox machines of Lamont (The Spring 1997, Vol II, never seen it, wink, wink!), the sparse printing facilities in house computer labs (I brought that paper from my own room, damm it,) and in study group strife (if he doesn't send out his reading summaries over e-mail by midnight, tonight, I am going to send out my assailants...
That disincentive, labor leaders charge, and a lower annual cost are fueling the rising popularity of cash-balance plans. Some 20% of FORTUNE 500 companies, including AT&T and Xerox, now offer these plans, which cover close to 10 million workers nationwide. Two weeks ago giant Citigroup disclosed that it too is making the changeover; the week before, CBS made the switch as part of a comprehensive benefits overhaul. Both firms are sweetening the pot with stock options to keep workers focused on performance rather than longevity. IBM is reportedly contemplating a similar change that would save $200 million...
...Apple, with a little help from Xerox PARC, releases the Macintosh...
...about it actually violates the laws of physics. And when in 1989 an IBM team famously spelled the Big Blue logo in xenon atoms, nanotech spread from the basements of feverish acolytes poring over Drexler's seminal book, Engines of Creation (1986), to the research labs of NASA and Xerox PARC. Today nanotech researchers speak not of if but of when. Great leaps forward come from thinking outside the box. Drexler may be remembered as the man who saw how to build a whole...
...investors, who like to buy in round lots of, say, 100 shares. That's one reason stocks that split have historically got about a 5% lift between the date of the announcement and the actual split. Lately, though, the pop has been more explosive. EBay rose a quick 37%; Xerox, 10%; Microsoft, 12%. People now pay for services that alert them via pager or e-mail whenever a split is announced, so they can quickly buy the stock. It's an example of lemmings running amuck in the market--dumb money chasing any trend that doesn't require thoughtful analysis...