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Technology Stocks : KVH Industries, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sector Investor who wrote (1500)	10/18/2002 9:50:43 PM
From: Robert G. Harrell	Read Replies (2) \| Respond to of 7249

Hi Sector. I found an interesting WSJ article posted on the Jabil thread. Here is a snippet: Tech Will Be Back, Past Slumps Suggest, as Innovators Revive It By SCOTT THURM and KEN BROWN / WSJ / Oct 18, 2002 Will the battered technology industry -- an engine of growth in the U.S. economy and the stock market -- ever regain its strength? History offers a convincing answer: Yes, but it could take years. Look at a decade ago, when the U.S. technology industry was left for dead. Asian chip-makers had grabbed roughly half of the global semiconductor market. Personal computers were helpful at work but seemed of limited utility elsewhere. Investors didn't see much future: Tech companies shrank to their smallest share of stock-market value in 15 years. But around that same time, a group of engineers at a federal lab in Illinois were writing a small program to make it easier for computer users to navigate the infant World Wide Web through graphical "links" instead of text-based menus. Their Mosaic program later became Netscape. It changed communications and commerce, and it ignited one of the greatest investment frenzies in history. <<snip>> The following paragraph made me think of KVHI as a technology developed for navigating ships is now being applied to weapons guidance, TV for RV's and measuring current. Timothy Bresnahan, a Stanford economist writing a history of the PC industry, says those early years hold two lessons for today. First, innovation often arises when and where it's least expected -- in PCs' case, "scruffy outsiders out of nowhere." Second, technologies invented for one purpose can be adapted by entrepreneurs for more significant uses. The complete article: Message 18129304 Bob