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Student’s report
On Economics by Constantine Nikitin

Contents
Silicon Valley - what is that? 3
Stanford University 3
Hewlett Packard - the garage myth 5
HP: Foundation and first years 5
The rise of HP up to the present 6
The HP Way - an example of corporate culture for a whole industry 7
HP today. 7
The rise of Silicon Valley 10
Invention of the transistor 10
Shockley Semiconductor 11
Importance of military funding 12
Intel Corp. 13
Foundation in 1968 13
First products - Moore's Law 13
"Ted" Hoff's first microprocessor 14
Cooperation with IBM in the 1980s 15
Intel today 16
The emergence of the PC industry 17
Altair - the first PC 18
The first computer shops 19
Homebrew Computer Club 19
The Apple Story 19
"Woz" and Jobs - the two "Steves" 19
The first Apple 20
Building up the company 21
Apple II - starting the personal computer boom 22
Turbulences in the early 1980s 23
The Lisa project 23
The Macintosh revolution 24
John Sculley and Steve Jobs 25
Apple today. 27

Silicon Valley - what is that?
This question may have occurred to many people's minds when they came across the term Silicon Valley. What hides behind it is mostly unknown to them, although the revolutionary inventions and developments, which have been made in this «Valley», affect everyone's daily life, and it is hard to imagine our modern civilization without them. Silicon Valley is the heartland of the microelectronics industry that is based on semiconductors.
Geographically, it is the

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