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Monday, March 16, 2009 |
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Why Tech Stocks Won't Lead The Next Bull Market Eventually there will be another bull market, and it's always a good mental exercise to play the "what will lead the next bull market when it comes" game. Right now it's particularly tough, since everything in the economy seems so miserable. The two easiest answers are "natural resources" and "tech." We'll skip resources for now, but if commodity prices from last year represent some norm for when the world economy is humming, then it's easy to imagine these stocks roaring higher. The problem is that the current crop of publicly traded tech companies is getting long in the tooth, and the companies at the cutting edge of tech aren't public, nor are they likely to be anytime soon. Read > | |
Googlers Shocked By Armstrong Defection We've been calling and emailing our sources at Google, AOL, and the ad agencies to gauge the industry's reaction to news that Google US sales boss Tim Armstrong would replace Randy Falco as AOL CEO. Here's what we heard. Read > | |
Why Top Execs Keep Quitting Facebook A week ago, we reported that Facebook's departing director of business development, Netanel "Net" Jacobsson, and developer Charlie Cheever were only the latest in a long line of execs to quit the company. Why are these folks departing? A source explains: "Mark is a very demanding person to work for, if you screw up, one day you are in, the next day out, persona non grata." Read > | |
Obama Puts New CIO Vivek Kundra On Suspension Vivek Kundra, the first person to hold the newly created position of "America's CIO," has been placed on indefinite leave by the President. FBI agents raided Vivek's old offices in the DC municipal government and arrested two in an ongoing bribery investigation. Read > | |
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How disproportionately big is the Twitter hype? Read > Hit iPhone Developer: Not Making Any More Mac Games Pangea Software has been making software for Apple's computer platforms since 1987. No more. Why not? Because the iPhone app store has been such a huge success, the company is only going to focus its efforts on Apple's portable gadgets from now on, founder Brian Greenstone said during a panel at the South by Southwest conference in Austin. Read > Is Google Voice Bad News For Google Android? Google announced its latest product aimed at disrupting the telecom industry: A bunch of Internet phone and messaging services called Google Voice, a Googly remix of GrandCentral, a startup it bought in 2007. Will it get in the way of another one of its telecom businesses -- its Android mobile operating system? Read > Twitter Search Not All That Useful At #SXSW Another reality check for the "real time search" idea. At the South By Southwest geekfest this week, CNET's Dan Terdiman reports that trying to find anything useful out of Twitter search with the standard #sxsw hash tag has been almost impossible. Read > New York Times Mulls Online Subscription Fee The New York Times is considering charging $55/year for online access, a source tells us. A great idea, but it still won't save the company. Read > | |
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