By Michael A. Hiltzik
In the bestselling culture of The Soul of a brand new laptop, buyers of Lightning is an interesting trip of highbrow construction. within the Nineteen Seventies and '80s, Xerox company introduced jointly a brain-trust of engineering geniuses, a bunch of computing device eccentrics dubbed PARC. This extraordinary workforce created a number of enormous concepts that caused a technological revolution, together with the 1st pc, the laser printer, and the graphical interface (one of the most precursors of the Internet), simply to work out those breakthroughs rejected via the company. but, rather than giving up, those decided inventors grew to become their rules into empires that notably altered modern existence and altered the world.
Based on wide interviews with the scientists, engineers, directors, and managers who lived the tale, this riveting chronicle info PARC's humble beginnings via its triumph as a hothouse for concepts, and indicates why Xerox used to be by no means capable of seize, and finally make the most, the state-of-the-art ideas PARC brought. Dealers of Lightning deals an remarkable examine the information, the innovations, and the participants that propelled Xerox PARC to the frontier of technohistoiy--and the company machinations that nearly avoided it from reaching greatness.
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3 A comparison of the CRB Index and Treasury bonds from late 1989 through the third quarter of 1990. During the first half of 1990, commodities rallied while bonds weakened. The bond bottoms in early May and late August (see arrows) were accompanied by peaks in commodity prices. from late 1989 through the first half of 1990 was caused by rising agricultural markets, many of which peaked by that summer. This explains the top in the CRB Index during May of that year. Gold and oil both turned up that summer and carried the CRB rally into October when it peaked for good.
Within a month, the dollar had put in a bottom and turned higher. 10 shows gold and oil prices tumbling at the outbreak of war in mid-January 1991. Both commodities had turned up that August just after the Iraq invasion of Kuwait. Oil had actually peaked at $40 during October but was attempting another rebound during January 1991. The outbreak of war caused oil to lose almost half of its value within a month. Gold declined from $400 to $350 in the three months after the war started. A big bounce in the dollar contributed to the commodity selloff.
For this reason, it is a good idea to consult other measures of general commodity price trends and certain commodity sectors like industrial metals. qxd 10/31/03 12:50 PM Page 36 36 INTERMARKET ANALYSIS cations. For this reason, industrial commodities usually have a much closer correlation to bond prices than other commodities that are more weatherrelated, like grain and produce markets. Copper prices actually fell during most of 1993 and only turned up that October, just when bond prices were peaking.
Dealers of Lightning: Xerox PARC and the Dawn of the Computer Age by Michael A. Hiltzik