Exclusive outtakes from industry leaders
Securities and Exchange Commission Chairman Mary Schapiro says her agency has its work cut out to compete with the massive amounts of money that private firms, policed by the SEC, pour into the latest technology.
“Can we keep up with Wall Street? I think we have a fighting chance. We’ll never have, under any circumstances, the kind of budgets that would allow us to spend a billion dollars a year on technology as some firms do, I mean that’s just not going to happen, and I totally understand that,” she said at the Reuters Future Face of Finance Summit.
“If we can build a forensics lab for our enforcement people to be able to download data off of iPhones and iPads and other instruments, then we will be a lot better able to pursue insider trading potentially and other securities law violations,” she said.
So how technologically plugged in is the SEC chair personally?
“I have an iPad,” Schapiro said.
“No I don’t do Twitter, I don’t have a Facebook page. You know, in my position it would be complicated,” she said with a laugh. “So maybe I’m kind of middling in terms of technology.”
Media executives love to go on about their love of the Apple's iPad. But the tablet isn't suited for everything. Walt Disney's Anne Sweeney relayed her recent experience catching up on an ABC TV show using the popular tablet.
Sweeney missed the season finale Grey's Anatomy and, while traveling, decided to watch the show in her hotel room. The episode was particularly gory -- several characters were picked off by a aggrieved man who held the hospital at gunpoint.
Forget sports tournaments or new movie releases as boosters for game demand. Electronic Arts' latest hero is America's most famous chat show host.
Chief Executive John Riccitiello, at the Reuters Media summit, went out of his way to praise Oprah Winfrey, whose recent shout-out of Scrabble gave a new lease of life to the not-so-new word game.
from Shop Talk:
Check out the cautious notes being sounded in the global luxury market.
Industry executives voiced concerns about everything from unemployment to Europe's brewing economic crisis, but are nonetheless banking on growth from China and a recovering U.S. market.
Leading officials speaking at the Reuters Global Luxury Summit said the debt crisis in Europe is threatening to halt luxury's rebound, but demand for fine merchandise was picking up in the United States while China's shoppers were venturing frequently into Tokyo for top brands.
It’s hard to tell how much anticipation there is out there for Dell’s upcoming “Streak” micro-tablet. The No. 3 PC maker’s latest foray into a consumer arena that Apple’s iPad has essentially helped create is set to hit stores this summer in the United States.
Consumer business unit chief Steve Felice told the Reuters Global Technology Summit that Dell isn’t interested in becoming the No. 1 player in the smartphone and tablet mobile devices categories, where Apple and Google are waging a very high-profile war. But the former leader in personal computers fully intends to be a “top-tier player”.
Don't expect to see Sony's response to Apple's iPad tablet computer any time soon.
We talked to Sony Chief Executive Howard Stringer, who was in town to discuss the unveiling of Google TV, the initiative that marries the Web to television. Stringer was very excited about that product, which will appear first in Sony TVs later this year, giving the electronics maker a head start against what is expected to be a future filled with Internet-enabled TVs. While noting that Sony's digital book reader product sales are still strong, he seemed much less thrilled about any iPad-killer plans for Sony, maker of the popular Vaio line of computers.
Apple developed the processor for it’s recently launched iPad tablet PC in-house. Intel was left waiting on the sidelines but change may be in store. Future tablets from other device makers, and maybe even Apple, could prove to be a lucrative for the world’s largest chipmaker. And why not, Intel already makes the microprocessors that are used in more than three quarters of the world’s PCs. Tom Kilroy, Intel senior vice president and general manager of sales and marketing, says “wait til Computex” for a big announcement. So, what’s likely to come out of the industry trade show this June in Taipei? Any thoughts? Click below to hear what Kilroy had to say in San Francisco at the 2010 Reuters Global Technology Summit.
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.