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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40791)	3/9/2004 12:30:24 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69252

Wireless powwow takes aim at spectrum Last modified: March 8, 2004, 3:50 PM PST By Richard Shim Staff Writer, CNET News.com SANTA CLARA, Calif.--With the boom in Wi-Fi growing by the day, Silicon Valley executives seized the chance on Monday to make sure that Uncle Sam will make the right policy moves for the wireless future. Representatives of various wireless industries--such as chipmaking and software development--and government officials got together at Intel's campus to discuss the limitations of current U.S. policy and to come up with ways to improve the management of spectrum in order to encourage wireless innovation. Get Up to Speed on... Wi-Fi Get the latest headlines and company-specific news in our expanded GUTS section. "The way in which we are distributing spectrum is inefficient," said Kevin Kahn, a senior fellow at Intel. "Too much is in low-valued uses, and too little is in high-valued uses...The current system prevents markets and technology from improving the distribution." The popularity of Wi-Fi is spurring the development of a number of new wireless technologies as well as of unconventional uses of existing spectrum. There is a limited amount of spectrum, or radio bandwidth, available for public use, and the tech industry is concerned that it isn't being exploited to consumers and providers' full benefit. "Spectrum is the rocket fuel of the next generation of technological innovation," said Michael Gallagher, the acting assistant secretary for communications and information at the National Telecommunications and Information Administration. Gallagher is expected to convey the industry concerns raised at the meeting to policymakers in Washington, D.C. The gathering was sponsored by two trade groups, the Information Technology Industry Council and the Consumer Electronics Association. Government agencies have played an active role in the development of wireless policy and innovation. The Federal Communications Commission has been freeing up the lower-band spectrum used for over-the-air television broadcasts to make it available for other uses. Lower bands are valuable, because they enable radio waves to travel farther and require less power than higher bands do. In addition, the Department of Defense has raised questions about the allocation of wireless networking bands and national security. At the meeting, manufacturers called for the opening up of lower bands and for the loosening of government policy to make it easier for developers to come up with new products and devices. "There is never enough (spectrum), but maybe it's not how much but what we do with it," Intel's Kahn said.

To: Johnny Canuck who wrote (40791)	3/9/2004 2:12:31 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69252

07:17 VRTS: Veritas mentioned positively in Barron's (30.66 ) Barron's story indicates that Veritas (VRTS) could be poised for a rebound. The former highflier isn't likely to return to inflated pre-bubble altitudes, but it could climb back to approach January's 52-week high of 40.68. Stock got slammed after its Q4 earnings call, but Merrill Lynch software analyst Shebly Seyrafi points out that the slower license growth is being compared to an extremely robust Q4 of last year. "I think investors overreacted. It wasn't as bad as people might think," says Mr. Seyrafi, who upgraded his rating to Buy on Thursday after speaking with Veritas CFO Ed Gillis on the previous day. "His body language was rather positive. He is communicating that there is some upside to his guidance," says Mr. Seyrafi, whose 12-month target is 38. Mr. Seyrafi is counting on a strong pipeline of bigger deals and higher operating margins as the company closes in on $2 bln in sales for 2004, which implies annual licensing-sales growth of about 9%. Several other brokerage analysts upgraded the company in recent weeks, and Goldman Sachs initiated coverage recently, citing a price target of 37. According to the article, on top of potentially better-than-expected sales, Veritas could finally begin to reap some benefits from recent acquisitions -- something Mr. Seyrafi didn't necessarily factor into his rosier outlook. In addition Veritas plans to announce early this week that it has forged a partnership with systems consultant BearingPoint, involving its applied performance-management, or APM products.