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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: Frank A. Coluccio who wrote (20445)3/27/2007 3:34:34 PM
From: Rob S.  Read Replies (1) of 46821
 
Some of this is, of course, speculative but does not have to happen for industry development to progress... but it is good to understand that there is much that can develop from where we are today.

There is a famous quote by a director of the U.S. patent and trademark office in which he said (paraphrased) 'everything worthwhile inventing has already been invented... we might as well close down the PTO.'. I'm sure from his perspective technology and society's use of it had made astounding progress at the time. Why would anyone need more than one phone per home or small business? Why would we need more than the wonder of the gas combustion automobile as transportation? And why would anything new need to be invented to replace the light bulb? They all worked better than many people could or would be able to put them to use at the time.

There is always a lag, sometimes decades long, between introduction of technology and widespread adoption and perfection of use. Over half of the world still do not have telephones (or mobile phones). And many can argue that most people still don't use much of the functionality of current cellphones. No doubt there will be several years lag before we take some of the bleeding edge developments for granted... or even partially use them to their fullest potential.

I have had conversations over the past several years with people in the communications industry, from engineers who design systems and handsets to senior mangers and board directors who decide what to develop and how to position their companies for the future. There is still doubts about whether broadband makes sense for mobile users.. or can be justified. But many have come around to at least a preliminary realization applications that had seemed very far reaching a few years ago, such as mobile gaming, video advertising, location based search and services, are now here and starting to generate fat margin sales. Understanding what does make sense for the future is a combination of understanding technology development trends and potentials and market trends and potentials.

There is much puzzling that will need to be done to figure out what users want and how to develop and deliver it effectively. The exciting thing is that this will take years, trials and both defeat an success along the way. There is a lot of fun, excitement and work that lies ahead.
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