Word: semiconductor
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Dates: during 1990-1999
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Does Einstein's discomfort with quantum theory make him less a candidate for Person of the Century? Not by much. His own work contributed greatly to quantum theory and to the semiconductor revolution it spawned. And his belief in the existence of a unified field theory could well be proved right in the new century...
...million in funding from companies, including Intel and SAP, since it was founded in 1996. "We enable large corporations to work closely together by linking their different business processes--their enterprise applications and their systems--so they can deliver product by the quickest means." Adaptec, a $1 billion global semiconductor company based in Milpitas, Calif., which uses Extricity technology to connect with its business partners worldwide, offers a textbook example--literally. The company's B2B strategy is a case study at Stanford University's Graduate School of Business...
Like many semiconductor companies, Adaptec contracted out fabrication of the product and concentrated on design. Fear motivated Adaptec's initial investigation of B2B software, according to Dolores Marciel, a 16-year veteran of Adaptec and its vice president of corporate procurement. The company believed that a competitor planned to build a semiconductor-manufacturing plant (also known as a fabrication plant) on its premises, thereby reducing product-development time by half. "We needed to compete or we would get killed," says Marciel. Adaptec couldn't invest the time or money in building its own plant (which on average costs $1.3 billion...
After losing $410 million in fiscal 1998, which ended Sept. 30, electronic-controls and communications conglomerate Rockwell International took the drastic step of spinning off its semiconductor business into a separate company. It is a giant, with sales of roughly $1.3 billion, or nearly a fifth of Rockwell's total 1998 volume of $6.8 billion. But Rockwell CEO Don Davis insists that the move was necessary to allow Rockwell to concentrate more on its core businesses, principally factory automation and aviation controls. (A possible result of divided attention: Rockwell in 1998 overestimated demand for new high-speed computer modems...
Sadly, when he died at 79 of cancer, he regarded his work in genetics as more important than any role he played in creating the $130 billion semiconductor industry...