Summit Notebook

SanDisk’s Eli sings the Blu-Ray blues

May 19, 2009

The flash memory business may be suffering its worst slump ever, but SanDisk CEO Eli Harari is carving tombstones for other businesses.

Apple’s iPhone takes slow boat to China

May 19, 2009

In China, Apple’s iPhone commands a strange presence. Perenially “coming out”, already widely available on the black market, viewed with trepidation by local telecom players but with undisguised lust by affluent consumers.

Facebook’s Zuckerberg talks MySpace, Twitter

May 19, 2009

Facebook co-founder and CEO Mark Zuckerberg spoke to the Reuters Global Technology Summit on Tuesday and while he wouldn’t touch TechCrunch’s report about financing and valuation, he did opine about a few of Facebook’s Web peers:

AT&T: Beer keg, please phone home

May 19, 2009

Next time a bartender draws a long, cool German brew on tap at your favorite U.S. bar, you might be sipping beer that made a mobile phone call along the way.
At the Reuters Technology Summit in New York, AT&T’s Ralph de la Vega, who heads its wireless division, described a firm that has fitted its beer with mobile devices.

IBM: No Sun, but there are other fish in the sea

May 19, 2009

IBM’s Chief Financial Officer Mark Loughridge didn’t have much to say about Oracle’s planned purchase of Sun Microsystems at the Reuters Global Technology Summit.

SanDisk’s Steve Jobs flashback

May 19, 2009

For Steve Jobs, the right price was just a matter of timing.

During an interview at the Reuters technology summit, the chief executive of flash memory maker SanDisk recalled an encounter years ago with the Apple chief executive, who was then working on a secret, exotic new MP3 player. It was to be called the iPod.

Stupid picture frames

May 18, 2009

Sehat Sutardja, the CEO of chipmaker Marvell, doesn’t have much respect for digital picture frames. “It comes with a dumb processor – a really, really dumb and stupid processor,”  Marvell’s founder said while speaking at the Reuters Summit on Monday.

Sybase CEO: Call centers may become passe’

May 18, 2009

Someone stealing your identity? Using your credit card to buy a flat screen TV…in Germany? Credit card companies often catch those shopping anomalies and quickly alert you. But Sybase CEO John Chen says that increasingly you may not get a phone call asking “are you in Germany right now?”

Alphabet-shaped recovery? Try bathtub-shaped

May 18, 2009

We’ve all heard discussions on what letter of the alphabet the economic recovery will look like. Will it be “V” shaped — as in, a sharp plummeting, followed by an equally sharp upswing? Or more “U” shaped — a downturn followed by a flat period before the recovery starts? Is the lightness we’re witnessing in the economy the mid-point in a more extended recovery process, mirroring the letter “W”? And heaven forbid, let’s not even think we might be stuck in an “L” shaped economy, with no near or medium-term hope of improvement.

Lamenting the good ol’ days

May 13, 2009

    The sprouting of privately-held alternative trading venues has seriously mucked up the trading landscapes in the United States and elsewhere, or so says Thomas Caldwell, chairman and chief executive of Caldwell Financial.
    Caldwell, founder of a major exchange investment firm, sees a world that has quickly evolved into one of nimble, electronic players coupled with more and more trading venues with the proliferation of alternative trading systems, or ATSs.
    (They’re also called electronic communications networks (ECNs) in the United States and multilateral trading facilities (MTFs) in Europe).
    These new venues, which can include the ominously-named dark pools, or alternative venues, where they can secretly match buy and sell orders, leads to, among other things, “deeply flawed” pricing for market participants, in Caldwell’s view.
    The idea of bank-backed stock trading venues is also suspect, says Caldwell.
    “Publicly-owned exchanges, open and visible trading, an auction market environment,” he said during the Reuters Exchanges and Trading Summit in New York.
    “These are centerpieces if you really want an economy to grow and you want to encourage entrepreneurs with access to capital. The more we get into gamesmanship and side products and all this other stuff it depletes from this.”
    (Posted by Jennifer Kwan)