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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. who wrote (1651)	6/17/1999 11:55:00 AM
From: Ausdauer	Read Replies (4) \| Respond to of 5853

Dan, I was leafing through Forbes on the flight out to a business trip and noticed a two page article in the July 29, 1999 edition that highlights Carver Mead and his company, Foveon, which will produce high resolution, professional-grade digital cameras. This guy reportedly created the first gallium-arsenide transistor in the 1960's and has a patent on a new sensor that mimics the human retina and is superior to the current CCD and CMOS options. The article states... Sales of digital cameras this year are expected to hit 1.4 million units and approach $600 million in revenue, but those products are cheap and crude. The "cheap and crude" part really gets under my skin. I think it misrepresents the current state of the technology. This type of mentality is what is preventing investors from seeing the beauty of consumer-grade digital camera offerings. But don't take my word for it, just come and visit the following website created with images from an older sub-megapixel camera... albums.photopoint.com Mead's camera will come complete with a $10,000-$30,000 sticker price and is targeted at the nation's 60,000 professional portrait photographers. At best he sells 60,000 units. I am more interested in the multiple millions of average consumers willing to spend a few hundred dollars for a wonderful digital experience and a pittance for an inexhaustible roll of digital film. Affordable digital photography for the average consumer is real. It is also a high quality/high satisfaction venture for those willing to test the waters. Ausdauer