Word: cisco
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Dates: during 2000-2000
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...often cited, perhaps too reductive, summary of Jack Welch's philosophy: If you're not No. 1 or 2 in your field, get out. Welch is still No. 1--after a tech slump slapped down Cisco, his General Electric is again the world's largest company--but he's getting out anyway. Kind of. He tapped a successor, Jeffrey Immelt, but postponed his planned April retirement to oversee GE's acquisition of Honeywell. His memoirs, planned for spring, earned a $7.1 million advance, which he plans to donate to charity. Welch, 65, turned staid GE into a dynamic, even...
DIED. GEORGE MONTGOMERY, 84, film and TV actor known for cowboy roles in westerns such as The Cisco Kid and the Lady and Dakota Lil; of heart failure; in Rancho Mirage, Calif. Married for 19 years to Dinah Shore, Montgomery appeared in more than 85 films...
...five straight years until this one, NASDAQ has averaged 42 percent gains. The Dow has averaged 25 percent annually. And all that happened in 2000 was that tech stocks, from networkers like Cisco Systems to software makers like Microsoft to e-tailing paper tigers like Amazon.com, have at long last confronted the reality of reality. The Internet Utopia, a world of limitless investors, limitless infrastructure, limitless customers and limitless productivity gains, is on a slower timetable than we hoped...
...technicians, the indispensable plumbers of the New Economy, capable of commanding a salary between $40,000 and $70,000 a year. Not a bad return on the $90,000 the city of San Jose has invested in the program--and a promising source of qualified workers for Internet giant Cisco, which provides the coursework and the hardware...
Self-interest, when it comes down to it, is the strongest reason for any of us to join the digital era. In programs like Achiever.com and the Cisco Networking Academies, there's self-interest on both sides. The companies help create a skilled workforce that can install and maintain its products--and make money too. The students get their lives on track. In Silicon Valley this is known as "philanthropic entrepreneurialism," and it looks very much like the wave of the future. There are still a lot of disaffected people with a lot to prove to the world. Given means...