Word: silicon
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Such numbers can be deceiving, however, because high technology has an explosive impact on other occupations. Says Jerome Rosow, an Assistant Labor Secretary under President Nixon: "It generates jobs all around like a great catalyst." In Fort Worth, which is part of the so-called Silicon Prairie computer and electronics area of northeast Texas, high tech has added fewer than 10,000 positions since 1979, but it has helped to create service opportunities for another 92,000 workers...
...Jackson is favored in four largely black districts in Los Angeles and San Francisco, and Mondale looks strong in some urban districts with heavy concentrations of union workers, Hispanics, Jews and the elderly. But Hart has great appeal among California's large Yumpie population, particularly in high-tech Silicon Valley. Californians have a tradition of upsetting front runners; in 1976, for instance, their Governor, Jerry Brown, beat Jimmy Carter by 1.3 million votes. Indeed, California has not voted for the eventual Democratic nominee since it went for George McGovern...
...make modifications to stuff industrial needs, and surpass or at least match the U.S. in expertise, long ago forced us to resign ourselves to the existence of high tech the existence of high-tech thievery. The crimes in the common opinion, were always committed in some miserable corner of Silicon Valley where only spies and the most devoted scientists dared tread. It follows then, that little more than a shrug or raised eyebrow followed the revelation that a Japanese company had undeniably cornered a future market with a product initially developed at Harvard Medical School...
Executives with their own kind of star quality can make a big difference in company performance. For instance, one of he highest-paid executives in the Silicon Valley is John Sculley, who earned $1.8 million last year in his first seven months as president of Apple Computer. When he arrived, Apple was a management disaster zone, with little coordination among products, warring factions and a rapidly declining market share. Sculley reorganized the company's product line and directed the marketing of two new computers, the Macintosh and the portable Apple He, which was launched last week. Says Chairman Steven...
...lavish on the person something called junior stock. Conceived in 1979 by Genentech, the bioengineering firm, junior stock has been widely used by such firms as Tele-Video Systems and Amdahl, two computer companies, and Cetus, another bioengineering concern. The plan has been particularly popular in California's Silicon Valley, where firms need all the incentives they can find to keep the engineers and scientists from job hopping. Some 200 high-tech firms have either issued junior shares or considered doing...