Word: ceos
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There have been rumors for weeks that growth-obsessed Compaq was stalking Gateway. Compaq CEO Eckhard Pfeiffer has said he wants to more than double his company's revenues, to $40 billion, by the end of the decade. Compaq, an outstanding performer in a difficult-to-manage industry, amassed $4 billion in cash at the end of 1996 so Pfeiffer could go shopping. Earlier this year he talked with Micron Technology about buying its mail-order computer company, Micron Electronics. No sale...
...that the lab folks at tiny CellPro, Inc. are uninterested in saving lives. It's just that like most biotech researchers, they prefer to toil far away from the gritty reality of illness and human suffering. So when the CEO of their Bothell, Wash., company announced a year ago that he had developed a deadly lymphatic cancer and that his slim chance for survival might rest on their lab results, it was more than they'd bargained for. They already knew their company was fighting for survival, locked in a legal battle over patents with a competitor. Now they were...
...into doctors' hands. CellPro lost the latest round in its patent fight with competitors in federal court in April, and in a month a judge could issue a ruling preventing CellPro from selling its product to new customers. "This is personal now," said Murdock. "I'm not just a CEO. I'm a patient. It would be a crime against humanity if a business dispute kept us from getting this procedure to other patients...
...have been the most expensive pizza-delivery system ever invented. Last week media giant Time Warner (TIME's parent company) announced that it was pulling the plug on its ambitious two-way cable-TV project, the Full Service Network, launched in Orlando, Fla., in 1994. At that time then ceo Gerald Levin predicted FSN would be "a medium for providing people with unprecedented access to information and entertainment." With just a remote, subscribers could scan countless TV channels, bring up movies on demand, shop at home or order a pizza...
Like so many larger-than-life figures, Halmi is prone to hyperbole, inflating his production tabs in talks to the press. (He quoted The Odyssey's bill at $43 million.) "All his numbers are false," jokes Halmi's son, Robert Jr., the CEO of Hallmark Entertainment. "He likes to tell people things cost a lot more money than they really...