Intel A Corporation
"A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation."(Watson, p211) While corporations didn't exist until the mid to late 1800s, the idea of the corporation had existed since the early 1600s. It all started with English merchants who started trading companies to help fund the early colonies. If the colonies thrived, the stockholders reaped in the profit. (Watson, p211) A corporation is started when a sole proprietorship, a one-owner business, that is the most common form of business institution in the US, or a partnership, an association of two or more people in order to run a business, decides that they don't want to be personally responsible for any loss the company might have. (Watson, p211) Or they might decide that they want the company to "live on" after they die, that is for the business to have "unlimited life". Since neither of these goals can
As of 1997 the company was worth $26,273,000,000. With 134,000 transistors, it was three times as powerful as the current chips. be reached with a sole proprietorship, or a partnership, the owner (or owners, as the case may be) decide that he (they) want to "convert" their business to a corporation. Intel was thrilled at the thought, but had no idea the PC would become so popular. " World Book Encyclopedia"Stock Exchange. In 1773 the brokers of London formed an exchange in England. In 1998 the Pentium II chip was released with incredible speed and mind-blowing processing power. The 4004 microprocessor set was introduced near the end of 1971. Normally, chips were made specifically for each product.
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