Wednesday, May 29, 2002



EE Times: Display makers unsure of OLEDs' near-term prospects. While about 50 companies worldwide are estimated to be investigating OLED technology, only a few companies in Taiwan are active on the OLED front, though more are expected to invest hundreds of millions of dollars over the next few years. [Tomalak's Realm]
6:26:46 PM    comment   



Nokia goes direct with US smartphone. Target ... Elbonia [The Register]
6:26:17 PM    comment   



MeshNetworks Announces Radio Agnostic Chip. This ASIC, or Application Specific Integrated Circuit, can be used for Ultra-Wideband, 802.11, and the company's proprietary solutions. [allNetDevices Wireless News]
3:04:11 PM    comment   



Motorola Researchers Demonstrate Technology Supporting Future Wireless Broadband. New world-class channel measurement system deployed for 3G+ multiple antenna technologies for infrastructure and handsets [allNetDevices Wireless News]
3:03:47 PM    comment   



NYT.  Housing prices continue their climb.  The median price of Bay area homes is higher than at the height of the tech boom.  Long Island real-estate is up 26%.

This data answers the question:  where are people going to put their money now that the stock market is in the tank (and is likely to stay there)?  A quick look at the data indicates that a 5-7% sustainable increase is possible, given current wage growth, inflation, and interest rates.  This may become the vehicle for a broad-based retirement plan for the nearly 70% of the workforce that own homes. [John Robb's Radio Weblog]
3:03:23 PM    comment   




NYT.  Intel cuts prices of its chips by up to 53%.  In response, analysts cut earnings estimates by 7%.  This is an example of the New Economy at work.  Intel, through the application of new manufacturing technology, has radically boosted productivity.  As a result, it has opted to pass on to customer these cost savings rather than using the savings to boost short term earnings.  Why?  Intel is paranoid New Economy company.  It knows that pricing power is in the hands of customers and competitive advantages are fleeting.  Information travels too fast now.  Intel's paranoia is now the standard for the rest of corporate America.  It has opted for lower sustainable earnings over short term stock growth that keeps investors happy. 

An underlying flaw in financial theory is that corporations operate as efficient vehicles for capital.  The theory implies that companies will return earnings to investors if it doesn't have investment opportunities that provide a return greater than those available to its investors.  Corporations aren't efficient financial vehicles.  They have a will to survive. [John Robb's Radio Weblog]
1:48:29 PM    comment   




Vindigo to guide in $6.1 million. The provider of city guides for wireless devices is expected to announce that it has grabbed a $6.1 million investment. The latest round includes AOL Time Warner. [CNET News.com]
1:46:26 PM    comment