Word: high-tech
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...Bennett and his business pals were tripped up by the high-tech gadgets they depended on to keep the cops in the dark. On Nov. 6, 1988, two of Michael Harris' delivery men were stopped by Missouri state troopers for driving a van at 68 m.p.h. in a 55 m.p.h. zone. The officers found 1,100 lbs. of coke in the vehicle. They also seized a cellular telephone. Tidily programmed into its memory were Bennett's telephone number in Tempe and that of a Los Angeles company linked to Villabona...
Such potential has made the materials business one of the most hotly contested high-tech fields. Hundreds of companies, from IBM to Germany's Daimler-Benz to Japan's Sony, are investing heavily to come up with the next breakthroughs. Advanced-material sales, which will top $2 billion this year, are expected to reach $20 billion by the year 2000 as research efforts of the past decade start paying big dividends in the form of new products...
...perspective, is just how little has changed. The fact that law is no longer classified as a "nontraditional" occupation for women has not made our culture any less graspingly litigious or any more concerned with the rights of the underdog. Women doctors haven't made a dent in the high-tech, bottom-line fixation of the medical profession, and no one would claim that the influx of executive women has ushered in a new era of high-toned business ethics...
...state's once thriving high-tech industry has stalled. Its bond rating is the lowest of any state in the union. And its state budget, once touted as a model of compentent management for the federal government to emulate, now faces a deficit estimated at anywhere from $700 million to $2 billion...
...marriage seemed formidable. To create a high-tech giant that could challenge IBM, former Treasury Secretary W. Michael Blumenthal welded computer also-rans Burroughs and Sperry in 1986 to create Unisys Corp. But after a fast start, Unisys has suffered from lagging technology and sagging military spending. With the company in turmoil, Blumenthal, 64, retired as chairman last week to concentrate on his role as a partner in the Lazard Freres investment-banking firm. He had stepped down as chief executive when he joined Lazard last April...