Employment Picture Still Dull In High Tech

June 29, 2009

National employment demand continued to be soft in June though the picture is more encouraging than several months ago.

Since March, online job postings have been up 35,000 jobs with 24 states posting gains and 26 posting declines. The nation experienced a 1.2 million decline in the previous five months.

Online help wanted advertising continued to slip in California

Online help wanted advertising continued to slip in California

In particular, June brought a modest uptick in worker demand in Florida and Georgia. But high-tech center California as well as Massachusetts and New York saw continued falling demand from companies, according to the Conference Board.

Almost half of June’s 67,700 decline in online job postings came in computer and mathematical sciences, and in sales and related position, the Conference Board said Monday.

However, computer and mathematical sciences still had more vacancies than unemployed people. That should offer some note of encouragement even with the slow summer business period ahead.


Tech Economy Layoffs At 176,595

January 29, 2009

Add in Kodak’s 4,500 job cuts and the Wired Layoff Tracker showed as of Thursday that 176, 595 workers have been lost to the economic downturn.

And there are some not included on this site, such as Symantec’s silent cuts disclosed on a conference call last night.

The question is whether the federal government’s stimulus package will help and whether the Republican’s will ever see the urgency to passing it.


New Private Equity Fund Sees Opportunities In Financing Tech Startups

January 9, 2009

Credit markets remain frozen, stocks trade under pressure and venture capitalists are slowing their fundraising.

In such an environment, DMC Capital Funding is a contrarian. The firm announced at the Consumer Electronics Show this week the creation of a $100 million private-equity fund to finance technology startups looking to fuel growth.

“We think it’s absolutely a good time to do this,” says Anthony Antolino, a senior vice president.

He says the firm is looking for technology companies with $20 million or more in revenue, a compelling product in the market and some level of market distribution.

DMC will consider taking equity stakes in companies it finds interesting. It also might loan them money, acquire them or strike strategic partnerships marshalling some of its own distribution channels to help sell a startup’s products.

There will be a shakeout among these more established startups, says Antolino. Those that survive could face a market with less competition, he says.

DMC is presently talking with four to six companies it describes as attractive investments. But many other startups have been calling hoping to strike a deal.

“We think there are great companies out there,” says Antolino.


Wired Top Ten Technology Breakthroughs Of 2008

December 26, 2008

Interesting panoply of technologies including flexible displays, edible chips and the development of the memristor, a memory transistor.

Flexible displays make Wired list

Flexible displays make Wired list

Flexible displays, in particular, are the future.

But some technologies on the list are less creative choices – warmed over breakthroughs simply looked at in new way at Wired. Flash chips and GPS, for example.

Is that to suggest the year wasn’t as inventive as others?

Here’s the list.


Tim Bajarin’s 8 Predictions For 2009: Tech Will Recover First And Android Could Become An OS

December 17, 2008

Forecasting is more difficult this year with the economy in the clutches of a deep global downturn. But here are seven technology predictions for the next 12 months from industry analyst Tim Bajarin. Barajin also included one prognosis he termed “outrageous:”

Apple will gain 2 points of share in PCs and smart phones, says Tim Bajarin

Apple will gain 2 points of share in PCs and smart phones, says Tim Bajarin

*Windows 7 from Microsoft will help bring tech out of the doldrums when it is release (as many expect) in the third quarter. Sales of PCs will be down in the first half, but could improve;

*Tech will be the first industry to recover, perhaps by the third quarter. Technology has become important to business and consumers who are employed will buy things like notebooks and HDTVs;

*Apple’s market share in PCs and smart phones will grow. The company could grow its share by 2 percentage points in 2009 – even more if it comes out with a low-cost laptop, as some expect;

*The Android software from Google will expand its reach, by next Christmas finding its way into set-top boxes, digital televisions and mobile Internet devices. Android could become an operating system in its own right and a threat to Linux;

Here is the outrageous projection:
*Microsoft will make a play to buy Research In Motion. If Apple’s iPhone makes serious inroads into the business market, Microsoft will want to enhance its enterprise position, Microsoft could then blend RIM into a service.

Windows 7 could help improve PC sales

Windows 7 could help improve PC sales

*Netbook sales will double in 2009. Manufacturers should sell between 36 and 38 million of these low-cost more-mobile machines. Low margins will force vendors to create ecosystems of services tied to the machines to drive new revenue;

*Smart phones will gain market share. By 2012, 75 percent of phones sold in the U.S. will be smart phones. Apple’s iPhone and RIM’s Blackberry will gain greater footholds domestically and in Europe;

*The unemployed will start small businesses, including professionals. PC technology and communications will likely be at their heart.


What’s Hot According To The Media: Netbooks, Privacy, But Maybe Not Web 2.0

December 4, 2008

Netbooks? Hard to use. Google? Get ready for adolescence. What about green tech and Web 2.0?  Are they real?

Its time for a new discussion of online privacy, says John Markoff

It's time for a new discussion of online privacy, says John Markoff

The Silicon Valley press had its say Wednesday evening at a Computer History Museum event entitled: the Media Predicts 2009. Here is what we learned:

“If you look at TechCrunch, I’ve scrubbed the word Web 2.0 from the site,” said J. Michael Arrington, the founder of the site that (at least up to now) has chronicled the rise of Web 2.0. Suggesting there was little substance behind the flash, Arrington added, “I don’t know what Web 2.0 was.”

Not surprisingly, his views met with disagreement from other panelists. Web 2.0 is open interfaces and open tools that have allowed people to “put things together in lego-like fashion,” ventured John Markoff of The New York Times.

And with ultra-low cost publishing and some interactivity, it has changed politics, the media and next it will change the way people will do their jobs, said others.

Netbooks are hard to use, says J. Michael Arrington

Netbooks are hard to use, says J. Michael Arrington

What about green-tech investing? “It’s going to grind to a halt for some time,” predicted Mark Veverka, the West Coast editor at Barron’s. “(Investors) are not going to find it to be as successful” as investing in information technology.

However, “I don’t think the Yahoo deal (with Microsoft) is dead,” offered Veverka. “There’s no reason why this goes away.”

On the subject of netbooks, toast of the computer industry and the recent bright spot in an otherwise dull market, panelists found more agreement. “There will be hundreds of millions of them in a year,” if smart phones such as the iPhone and Android-based models are included, said Arrington. But “it’s probably not good news for Microsoft.”

Low-cost netbooks often don’t use Windows or opt for an inexpensive version of the operating system.

Next year could be a tough year for Microsoft, concurred Markoff. Windows revenue may not go up for a long time.

But netbooks are hard to use, Arrington shot back. The screens are small, video is jerky and their keyboards are difficult to navigate.

On a more sublime topic, Markoff suggested it is time for a new discussion of online privacy – not individual but group privacy as companies such as Google mine large amounts of search data for market intelligence.


The 10 Fastest Growing Technology Companies In The US; Most Are Not In Silicon Valley

November 13, 2008
Hughes Communications tops the list

Hughes Communications tops the list

It might surprise you that most are not headquartered in Silicon Valley.

But it won’t surprise you that the majority are involved in building software, communications infrastructure or services on the Internet

The list was compiled by Deloitte, which measured revenue growth over the five years from 2003 to 2007. Here are one to five listed in order:

*Hughes Communications, Germantown, MD-based maker of broadband networks and services with five-year revenue growth of 138,762 percent. Revenue in 2007 was $971 million.
*Ticket Software of Vernon, CT. Revenue for this ticketing-industry software maker was $84 million in 2007 and its growth was 111,580 percent.
*Starent Networks provides network products for mobile operators and the Tewksbury, MA, company posted five-year revenue growth of 80,008 percent with sales of $146 million in 2007.
*Abraxis BioScience of Los Angeles is a biotechnology company with revenue of $334 million in 2007 and growth of 77,682 percent.
*PureDigital Technologies makes digital imaging equipment from its San Francisco headquarters and grew 77,682 percent in five years chalking up revenue of $55 million in 2007.


Silicon Valley Is Like A Science Fiction Novel And The Midwife Of The New World, Nobel Prize Winner Says

November 12, 2008
Microcredit has had no subprime crisis, quipped Muhammad Yunus

Microcredit has had no subprime crisis, quipped Muhammad Yunus

Technology will continue to transform the world and “Silicon Valley will be the midwife in creating that world,” Nobel Prize winner Muhammad Yunus said Tuesday.

Yunus is best known as the founder of Grameen Bank and the pioneer of microcredit – the financial innovation that has helped thousands of third-world women find their way out of poverty by loaning them small amounts of money to build businesses.

Yunus was in Silicon Valley to receive the James Morgan Global Humanitarian Award. He said that if someone wanted to predict the future, she might be best advised to “sit down and write a wild science fiction” novel. That is what Silicon Valley is creating as the technology it creates finds its way into the small of village in the most remote place.

With his financial grounding, he also turned the tables on the so-called monetary sophistication of the West. He said he recalls being told 30 years ago that poor people were not credit worthy and that his micro-credit revolution would be doomed to failure.

It turns out they were the better risk, he said, referring to the turmoil spawned on Wall Street by the credit crisis and the collapse of the home loan market.

Grameen has given thousands of home loans and “we never had a subprime crisis,” he said.


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