Exclusive outtakes from industry leaders
Watch out for that smartphone! The iPhone, Android phones and the like are the weapons of the latest technology war, in the view of flash memory maker SanDisk, which supplies the memory chips that hold pictures, video and apps to the phone makers.
"We sell them ammunition. There is a war going on and we sell the bullets," Eli Harari told the Reuters Global Technology Summit.
And bullets are selling briskly, even in the developing world, where people without computers are buying $20 phones and then adding a gigabyte or two of memory to hold all their pictures, the CEO said.
Apple's iPhone is coming under more fire from Google's Android platform and world handset leader Nokia. "Android phones are exploding," he said.
You'd think fast-racing Twitter would keep one eye firmly fixed on the rearview and side mirrors.
With the Internet landscape littered with also-rans -- from pets.com to AskJeeves.com to a Facebook-steamrolled MySpace -- you'd imagine the one thing overnight Internet microblogging phenomenon Twitter would fear the most would be to get displaced by an up-and-comer with the same alarming speed.
Got access to a couple million bucks and want to be a venture capitalist? A miner of start-up business gold? Then get used to being wrong.
That’s one lesson we learned during a discussion with Venture Capitalists at the Reuters Technology Summit: even the most successful investors — those who finance the bandwagon others jump on when it comes to the likes of Facebook, Myspace and Twitter — meet with entrepreneurs, like what they hear, write a check, and watch the investment go up in smoke.
Whether it’s passing up on a ticket to Woodstock or not buying Apple stock at $80 a share in January 2009, everybody has regrets.
So what do VCs regret?
We asked the panel of three money-men gathered for the VC Panel at the Reuters Technology Summit for their biggest laments when it comes to the deals they let get away.
For Matt Murphy, partner with influential Silicon Valley Venture fund Kleiner Perkins and point person on the firm's iFund, old-school is still the way to go.
During an interview at the Reuters technology summit, the VC said picking the right startups to back was tough, given that he had received 8,000 business plans for iFund, which invests in iPhone and iPad applications.
Good news for us computer geeks! PCs are nearly ready to ditch hard drives for faster, less energy-intensive drives with flash memory, like in a camera or cell phone, according to memory maker Micron, which ought to know. That is exciting news for victims of crashed hard drives and people who always want something new.
"I think it'll be a story in 2011, and it'll be pretty good penetration in 2012. But, you know, maybe I'm wrong," said Mark Durcan, president and chief operating officer of Micron, during the Reuters Global Technology Summit.
Say it's not so -- 'the cloud' isn't ready for prime time? That's the view from networking company Brocade, whose marketing chief compared the hype to the rush years ago to call center outsourcing.
All those applications and data that live off your computer somewhere in the Internet make up the cloud, from Google word processing software to your home pictures and video, and it is hot, hot, hot. But Brocade chief marketing officer John McHugh told the Reuters Global Technology Summit in San Francisco that big business was not ready to embrace it for sensitive data and the most important applications.
Still unsure whether economic recession is good or bad for video-games sales, more than a year in? If so, you’re in good company — neither does the world’s biggest games publisher. Electronic Arts’ head of European publishing says the company still hasn’t figured out whether people cut spending on big items like housing and cars first, or whether those kinds of decisions are just too hard.
“We really wonder, hmm, in economically difficult times would people in order to have SOME fun actually play more games or less games, and then, would they spend more or less? It’s really, it’s impossible to say,” Jens-Uwe Intat told the Reuters Global Technology Summit in Paris.
Verizon Wireless CEO Lowell McAdams kindly spent some time with us this afternoon and spoke at length about the future of LTE (Long Term Evolution) 4G high speed Internet from the No.1 U.S. wireless phone company.
Asked if there was "any hope" that Verizon would have the iPad anytime soon, McAdams laughed:
Three things we learned from chatting with Microsoft CFO Peter Klein: for one, he's a big fan of his boss, CEO Steve Ballmer, despite their contrasting interview styles (Klein is even tempered; Ballmer is famously energetic, which I've witnessed first hand).
Reuters: What's it like working with Steve Ballmer?
Klein: It's awesome. He's incredibly passionate, he cares about nothing except the success of the company. He's incredibly smart. He knows the industry backwards and forward.