<<--OT-->> So what is this 'New Economy'????..and the new Blue Chips.
Sig:
An interesting article.
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(Source:Anderson Consulting via Wired News)
Encyclopedia of the New Economy
So what is the new economy?
When we talk about the new economy, we're talking about a world in which people work with their brains instead of their hands. A world in which communications technology creates global competition - not just for running shoes and laptop computers, but also for bank loans and other services that can't be packed into a crate and shipped. A world in which innovation is more important than mass production. A world in which investment buys new concepts or the means to create them, rather than new machines. A world in which rapid change is a constant. A world at least as different from what came before it as the industrial age was from its agricultural predecessor. A world so different its emergence can only be described as a revolution.
hotwired.com
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Forget the Dow. Here comes the New Economy!
by Spencer Reiss and John Browning
WIRED INDEX
Acxiom
Affymetrix
AIG
America Online
AMR
Applied Materials
Cable & Wireless
Charles Schwab
Cisco Systems
Daimler-Benz
Dell Computer
EMC
Enron
FDX
First Data
Globalstar
Incyte Pharmaceuticals
Intel
Lucent Technologies
Marriott International
Microsoft
Monsanto
News Corporation
Nokia
Nucor
Parametric Technology
PeopleSoft
Qwest Communications
Reuters
Schlumberger
SmithKline Beecham
Sony
State Street Corporation
Sun Microsystems
Thermo Electron
Wal-Mart
Walt Disney
Wind River Systems
WorldCom
Yahoo!
There are worse dates to peg the dawn of 20th-century industrialism than May 26, 1896, when a middle-aged New York editor named Charles Henry Dow unveiled his new "industrial" stock average. One of the companies was US Leather, whose belts spread power through thousands of humming new factories. The others - a dozen, in all - included Tennessee Coal & Iron, National Lead, and a forward-looking outfit named General Electric. Mr. Dow's average, calculated with paper and pencil and published in his Wall Street newsletter, closed its first day at 40.94.
A hundred years and 9,000 points later, another new economy is emerging, just as dramatically as Dow's smokestacks sprang from the wheat fields of the agrarian age. Industrialism is about things and the efficient production of them. The revolution today is rooted in networked information - how to create it, move it, and manage it. Charles Dow's index has become a cultural icon, expanded on the edges to include "industrials" like McDonald's and Walt Disney. His beloved Wall Street is still where the money flows - and it's arguably more powerful than ever. But even there - and, increasingly, everywhere around the world - anything that isn't firmly bolted to the past is in the throes of change.
wired.com |
