PUNCTUATED EVOLUTION. “In 1972, evolutionary scientists Stephen Jay Gould and Niles Eldredge proposed another explanation, which they called “punctuated equilibrium.” That is, species are generally stable, changing little for millions of years. This leisurely pace is “punctuated” by a rapid burst of change that results in a new species and that leaves few fossils behind.”
http://www.pbs.org/wgbh/evolution/library/03/5/l_035_01.html