Oh sure Yorkike... I certainly concur that certain areas of the technology sector were overcapitalized and susceptible to rapid economic slowdowns. After all, corporate debt has often financed these build-outs, and when customer revenue projections are disrupted and revised downward, they find themselves hunkering down and trying to make do with what they already have in place.
I've been under the belief for some time now that supply of bandwidth has been outpacing demand. And partially that is due to demand being focused on a specific demographic that is computer savvy and often-times dependent upon that industry to support their consumer spending (optins, high salaries.. etc).
When the self-feeding mechanism in technology turns to self-eating, these technology workers hunker down, spend less, and reduce demand across the entire sector.
So, imo, what's the answer? Creating avenues where the computer illiterate, yet wealthy, older demographic has their purchasing power brought to bear to sop up the excess bandwidth supply.
That's why I've been a big advocate of the set-top box and cable modem markets, in addition to smart-card technology. There are tons of "silver surfers" who have no ability, or desire to learn complicated operating systems or applications. Give them a capable set-top box and some minimal training on how to use it, and set them free.
I might be wrong, but this this area should be one of the first to move in a technology sector rebound.
Regards,
Ron |
