Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (11255)	5/1/2002 2:40:22 PM
From: stockman_scott	Respond to of 57684

"A Different Kind of Recession" story.news.yahoo.com <<: What are the chances for an end to this downward drift? A: Three things are weighing on the market right now: the situation in the Mideast, Enronitis, and concerns about sustainability of recovery in the second half of this year. The first-quarter reports -- and comments with them from management -- have been reasonably good. We believe earnings estimates for the second quarter are very realistic, but the very ambitious third- and fourth-quarter estimates may not be attainable. The problem is that this is a different kind of recession. The bounceback in tech and telecom is where much of this growth so far was supposed to come from -- and we haven't seen that yet...>>

To: Lizzie Tudor who wrote (11255)	5/2/2002 1:04:04 PM
From: stockman_scott	Respond to of 57684

CIO Magazine Tech Poll -- 5/1/02...Investments in Hardware and Infrastructure a Good Sign... cio.com <---details cio.com =========================== >>>Posted: May 1, 2002 TECH POLL REPORT Tech Spending Dips Investments in Hardware and Infrastructure a Good Sign BY LORRAINE COSGROVE WARE CIOs' outlook on technology spending was slightly less rosy in April, according to CIO Magazine's latest Tech Poll. However, companies will resume spending again in key areas that were put on hold in 2001, signaling that restraints caused by the recession are beginning to lift. Expected budget increases in the coming 12 months dipped to 6%, down from 7.7% reported in the March Tech Poll. Additionally, the CIO Magazine Tech Future Growth Index (TFGI), which projects IT activity over the next 12 months, slipped from a six-month high of 2.8 in March to 2.4 in April. The TFGI had been as low as 1.2 in October 2001 and again in January of this year. CIOs Begin to Invest in Infrastructure Again Spending is on the rise for hardware and networking equipment, areas where CIOs looked first to reduce costs or defer expenses last year. In the April poll, 47.7% of the panelists surveyed indicated they would increase spending on computer hardware compared to March (40.2%)—a jump of 19%. Likewise, the percentage of panelists who will increase investment in data networking equipment rose 16% to 43.8% in April from 37.6% last month. Internet: Safe to Go Back in the Water Executives also expressed guarded optimism in Internet initiatives, reporting expected increases in B2B2C investment and online revenue. Panelists will spend an average of 16.3% of the IT budget on developing business over the Internet over the next 12 months compared to 14% in the previous 12 months. CIOs expect 12.4% of total company revenue to come from the Internet in the coming year on average compared to 9.7% in the past 12 months. Internet procurement is also on the rise. Panelists expect to purchase 21.5% of the company's raw materials, supplies and parts over the Internet in the coming 12 months compared to 16.7% over the last year. Each month, CIO magazine in partnership with Deutsche Banc Securities and Ed Yardeni, surveys a panel of senior executives on current and future IT spending as well as other IT issues. In January, 245 executives responded to the survey. In terms of title, 91% of panel members were CIOs and 6% were CEOs, COOs or presidents of corporations. The remaining 3% held other senior management titles. Almost all (95%) of the panel members were based in North America. Companies included in CIO's Tech Poll represented a broad range of industries, including manufacturing (15%), technology services (16%), finance (10%), health care (9%) and state or local government (7%). In terms of company size, 13% of the respondents were from companies with 5,000 or more employees. The complete April CIO Magazine Tech Poll can be found at cio.com Previous poll results can be found at cio.com . <<<

To: Lizzie Tudor who wrote (11255)	5/3/2002 2:32:31 AM
From: stockman_scott	Read Replies (1) \| Respond to of 57684

NICHOLAS NEGROPONTE JOINS BOARD OF WIRELESS NETWORK JOLTAGE NEW YORK--(BUSINESS WIRE)--May 1, 2002-- Chairman of MIT Media Lab Invests In Groundbreaking Venture To Develop International High Speed Wireless Network Joltage Networks, the new wireless company building a distributed, worldwide network of thousands of individual wireless locations, announced today that Nicholas Negroponte, co-founder and chairman of the MIT Media Laboratory and author of the best seller "Being Digital", has made a significant investment in the company, joined its Board of Directors, and will assemble and chair its international Advisory Board. Joltage Networks is an early-stage wireless ASP developing the world's largest network of public access, broadband wireless data hotspots based on the burgeoning 802.11 standard for Wireless Local Area Networks ("WLANs"). Joltage provides a simple-to-use, freely downloadable software application, which seamlessly integrates with a comprehensive suite of back-end services. Together, they enable anyone to launch and manage an unlimited number of wireless hotspots as a business franchise or a free site, as part of a global network. For mobile wireless users, Joltage provides inexpensive monthly or hourly pricing for seamless, high-speed access in locations around the world. Professor Negroponte has been described by the Sunday Business Post as something of a "technological evangelist." The MIT Media Lab, which he co-founded over twenty years ago, is an interdisciplinary, multi million-dollar research center of unparalleled intellectual and technological resources, focused on the study, invention, and creative use of digital technologies. It is currently supported by nearly 140 corporations worldwide, and has led in the development of now-familiar areas such as digital video and multimedia. In the private sector, Professor Negroponte serves on the Board of Directors for Motorola, Inc. (NYSE: MOT), and as general partner in a venture capital firm specializing in digital technologies for information and entertainment. He has also personally provided start-up funds for many breakthrough companies in the high technology arena, including WiReD magazine. "We are delighted that Professor Negroponte has invested in Joltage and will be playing a significant role in the company's future" said Andrew Weinreich, Founder and Chairman of Joltage Networks. "His digital worldview and international stature will be key components as Joltage forms partnerships with many of the leading players around the world in the wireless broadband arena." "Joltage Networks is the direct instantiation of a vision that I have been talking about for almost a decade," said Professor Negroponte. "The Joltage approach is the kind of 'out-of-the-box' thinking that has the potential to ignite an explosive growth in collaborative communication. I was a founding investor in WiReD magazine a decade ago, and in the new millennium it is only fitting that I'm now investing in the UN-wired future!" Joltage Networks is developing the world's largest network for ultra-high speed wireless Internet access through WiFi "hot spots" worldwide using the 802.11 technical standard for Wireless Local Area Networks ("WLANs"). The company was founded by Chairman Andrew Weinreich, who was previously Founder and CEO of the youth-oriented networking site sixdegrees, and funded by wireless industry pioneer and technology investor David S. Rose, described by Red Herring magazine as the "patriarch of Silicon Alley", who serves as Vice Chairman of Joltage Networks.