Word: tech
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...heart of the region that created the Internet. But official Washington isn't about to disappear. Administration officials, Senators and members of Congress--and, more important, the fund-raising arms of their political parties--are making it a point to know who's who in the local tech world. "We have no problem getting our phone calls returned," says John Backus, chairman of the Northern Virginia Technology Council (NVTC), a business-promotion group...
...Washington, money talks. Suburban Fairfax County (which bills itself as "E-county") recently became the richest county in America, with a median household income of $90,937. An estimated 2,000 high-tech firms are on hand there, helping attract 20,000 new residents each year. A decade ago, the main Fairfax shopping center, Tysons Corner, was just a big mall. Today Tysons is the 14th largest business district in the U.S. It consists of two strip malls and two mega-malls near one another, with 80,000 people working in the vicinity and dozens of high-end outfitters--like...
...Meanwhile, more than 150 foreign businesses, including giants like Cable & Wireless and Hitachi Data Systems, have parachuted into Fairfax County, and the Fairfax County government has established offices in London, Tokyo and Frankfurt. Says Alan Merten, president of George Mason University, the region's most tech-focused academic center: "The Washington region has become a global player...
...Bethesda. Two hundred of the 300 biotechnology firms in Maryland are located in Montgomery County, whose median household income is $77,774 (ninth nationally). Montgomery County ranks sixth in the nation as having households with incomes of $500,000 or more. Like that in northern Virginia, the high-tech corridor in Maryland is congested with traffic. Commuters who try to use public transportation like the subway find that the vast parking lots in even the most distant suburbs are full...
REBOUNDING REITS Real estate investment trusts are publicly traded companies that invest in properties ranging from New York City skyscrapers to Texas prisons. Despite high dividends, averaging 7%, REITs have been slumping the past couple years as investors dumped them for more lucrative returns in the tech sector. Now, with tech wobbling, the real estate market remains hot, so REITs have been rising. Analysts favor those with holdings in high-occupancy areas or with long-term commercial leases. Leading performers this year include: Vornado Realty Trust and Spieker Properties. The risk: if interest rates keep rising, REITs could take another...