I don't know about tomorrow and this quarter, but things have to get hot for the whole technology industry. Moore's law of doubling processor speed every 2 years just changed with IBM and Digital's announcement of 1000 Mhz cpus. This will be a tripling of exisitng common speeds.
I think with faster bandwidth on the internet getting closer everyday these 2 speed breakthroughs are going to coincide about the same time, making for worldwide demand for upgrades. In order to meet those demands manufacturers have to start gearing up and testing productions soon.
This is going to be a major leap and major re-tooling time. We have new software out around the corner both for Windows and NT and Apple's Rhapsody. All of these are going to add to the icing on the cake. I think the investment community is making a big mistake and i was too. We are looking at Asia as if we were back in time 15 or 20 years ago. We are the world leaders now. The world is looking at us and sweating, not the other way around.
I think the changes that will be demanding across the board irovements in technology are going to be like nothing we have ever seen before. The subsequent bull market in technology is going to be unprecedented. I have been down and out lately, but I have been refocusing on what is going on and not the short term bump in the road. I'm strictly talking about technology as that is what i focus on.
Everything that has been going on the last 30 years is just preparation of the foundation for the next technological revolution. We have digital tv, iridium, highbandwidth internet, 1000mhz computers, digital conversion and storage of almost everything analog we have now. CPU's in almost every appliance we use in the future netwroking to the house. And who knows what new breakthrough around the corner.
Our companies are already technologically superior to competitors worldwide. If they don't upgrade, they will fall even more behind and lose more market share. This is what will happen. If they don't upgrade and work on keeping market share, yes they will cancel orders and in the very short term that will impact our sales, but when our businesses expand and take market share they will order more from us. So no matter what the direction is up.
As we have seen, manufacturers have put off upgrading the last 3 years they can't much longer. |
