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MONEY REPORT
Talking About a High-Tech Revolution: Times Are (Still) Changing A
Roundtable Tracks Trends And Players
Aline Sullivan and Holly Preston
4686 Words
27492 Characters
03/21/98
International Herald Tribune
16
(Copyright 1998)
HIGH TECHNOLOGY in changing times was the topic of a roundtable
organized on March 12 by The Money Report in San Francisco. Four
professional investors joined Aline Sullivan and Holly Preston on
March 12 at the Huntington Hotel for drinks, hors d'oeuvres and a
discussion of trends and players in the world of high technology.
The investors were: Liz Buyer, senior industry analyst at DMG
Technology; Gill Cogan, co-managing partner of the venture-capital
firm Weiss, Peck & Greer Venture Partners; Kevin Landis, co-founder
of the Interactive Investments Technology Value Fund, and Michael
Murphy, founder of the California Technology Stock Letter, the
Overpriced Stock Service and author of "Every Investor's Guide to
High-Tech Stocks and Mutual Funds," which was published in January
by Broadway Books.
But the digital camera is coming next Christmas and that will be
a big deal. After that will be the $99 software to manipulate the
photograph and then you can have the kids e-mail the photo to their
grandmother because you gave her a $1,000 PC for Christmas. She
will stop complaining that the kids never write.
Other beneficiaries will be Ericsson and Nokia, which are
making digital cell phones. Everything for the consumer is going
digital. It is very high-volume stuff, and it has to be very low
price. You can start a digital TV at $8,000, but it has to get down
to under $1,000 fast. The Japanese are really good at that. Philips
is good at that, too.
We have started seeing the conversion of the consumer to a
digital world and it is going to proceed pretty steadily over the
next 10 years.
Q. Which companies do you think will benefit most from this
trend?
Mr. Murphy: The bigger ones will undoubtedly be Sony and
Philips, those guys. But there will be a lot of other folks who
will benefit. Again, I think LSI Logic will have chips in those
* boxes. A little company like Faroudja Inc. will be out there with
chip sets to enable the multistreams to broadcast. |
