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- THE FRIDAY LETTER -
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from Gilder Publishing,
for friends and subscribers)
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| http://www.gilder.com/ | Issue 314.0/October 12,
2007
SIGN-UP A FRIEND FOR FREE!
HEADLINES:
- The
Week / EZchip Announces New Net Processors for Access Market
- Friday Feature / Gilder: Lower
Taxes Bring Higher Revenues
- Friday Blogger Bonus / Steve Forbes: Remembering Jim Michaels
- Readings /
|
Gilder/Forbes
Telecosm 2007 IS NEXT WEEK IN LAKE GEORGE, NY THIS IS
YOUR LAST CHANCE TO REGISTER AT THE DISCOUNTED RATE. |
The
Week / EZchip Announces New Net Processors for Access Market
10.12.07: EZchip Technologies Ltd. (a subsidiary of LanOptics Ltd), a
fabless semiconductor company providing Ethernet network processors, today
announced a new family of network processors targeting Ethernet Access
applications. Several models of the network processors, named NPA, will be
offered in 2008 with combinations of 100-Megabit, 1-Gigabit and 10-Gigabit
Ethernet ports with an aggregate throughput of up to 10-Gigabits, at varying
price points starting at under $100.
The
NPA product family addresses the transition of carrier access from ATM/TDM
based networks to Ethernet packet-based networks and the provisioning of
triple-play services that command increased bandwidth and service guarantees to
residential and business users. The addition of the NPA will round up EZchip's
product offering to feature a series of Ethernet network processors for the
carrier edge, metro and access markets, with throughputs ranging from 1-Gigabit
to 100-Gigabits and a common architecture and software. EZchip will discuss the
NPA next week, October 18, at the Gilder/Forbes Telecosm 2007 Conference in
Lake George, NY.
Read the complete announcement:
http://money.cnn.com/news/newsfeeds/articles/prnewswire/UKTH05611102007-1.htm
Hear EZchip CEO Eli Fruchter speak
at TELECOSM 2007, Register FOR TELECOSM ONLINE today: http://www.telecosmconference.com/
|
The Gilder Telecosm Forum To
learn how to join this powerful network of talented, tech-savvy investors and
thinkers online daily to debate, discuss, and decode new and emerging
technologies and share valuable and actionable investment advice, visit www.Gildertech.com
today. |
Friday Feature / Lower
Taxes Bring Higher Revenues
George Gilder, Gilder
Telecosm Forum (10/9/07):
This Chait stuff (http://www.nytimes.com/2007/10/09/opinion/09chait.html)
is marvelous for Republicans. He may actually persuade the Democrats to run on
a platform of higher tax rates. Giuliani will have a ball.
In my view, by the way, it is obvious that lower tax rates bring higher
revenues. I don't care what US "tenured economists" think. I don't
care what "responsible analysts" say. The historical evidence is
conclusive and new evidence is accumulating not only in the US, but in scores
of countries around the globe. It is simply a matter of the price elasticity of
demand. Any tax rate over 20 percent reduces a government's ability to spend.
The idea that top income tax rates of around 40 percent, federal and state
combined, do not have a depressing impact on revenues is absurd. Rates between
30 and 40 percent make taxes the most significant factor in every corporate and
personal investment decision. As a share of the US economy, taxes are currently
about twice profits.
Today US tax rates are higher than rates in most rival economies and they
are compounded by green mania tolls and regulations on energy.
To read more posts by
George Gilder and the Gilder Telecosm Forum members, visit http://www.gildertech.com/ and log on today.
________________________________________
Friday Blogger Bonus / Steve Forbes: Remembering Jim
Michaels
Steve Forbes, Forbes.com (10.05.07): Early on in my career at FORBES, nearly 40 years
ago, I submitted a story about a noted stock market guru to our legendarily
tough editor, Jim Michaels. He quickly looked over the piece and smiled:
"Good reporting. I like this." Near the end of the day I got back the
edited version, which was half the length of the original and had been
thoroughly reshaped. I ran to Michaels' office with a plaintive look on my face.
Said he, "You may not like what I did, but our readers will." They
did. And the story was sharper and better.
My experience was not unusual. Everyone, no matter how raw or experienced, got the same treatment; even a good story can be made better. Michaels profoundly believed that "readers do not have all the time in the world for your priceless prose. Get to the point. Quickly." As one former editor quipped, "Michaels could edit the Lord's Prayer down to six words and nobody would miss anything." (Alas, I know too well what he would do with this remembrance, which he would consider to be absurdly long and wordy.)
He had no tolerance for "on-the-one-hand,
on-the-other-hand" kind of journalism. A story should have a firm
conclusion. Why else bother the reader? And even the short ones should be
something of a morality tale, leaving the reader feeling that there's a useful
lesson to be learned.
When Jim joined FORBES in 1954, this magazine was, to put it charitably,
second-tier.
Moreover, business journalism itself was a backwater, a place where publications dumped their drunks and burned-out sportswriters. Today business, finance and economics are front-page stuff.
Jim
could never understand that disdainful attitude toward business and
entrepreneurial capitalism. To him they were infinitely more fascinating than
politics or sports. What people in business did mattered. If entrepreneurs were
discouraged, no progress was possible, no matter how activist the government….
Read
on:
http://members.forbes.com/forbes/2007/1029/023.html
__________________________________________
Readings /
Weekly
GTI Index
http://www.gtindex.com/
ANADIGICS
President and CEO to Speak at Gilder/Forbes Telecosm Conference
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-08-2007/0004677746&EDATE=
What’s Tax
“Fairness”
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=276821557506429
Guns
and Butter: A Primer
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=276820022260866
Three
Out Of Four U.S. Consumers Have High Hopes For A Digital Holiday
http://www.eetimes.com/showArticle.jhtml?articleID=202400863
Applied
Materials Sees 25% to 30% Growth In Solar Market
http://www.eetimes.com/news/latest/showArticle.jhtml?articleID=202401992
__________________________________________
FRIDAY LETTER STAFF
Editor: Mary Collins George / mcollins@gilder.com
Research: Sandy Fleischmann / sfleischmann@gilder.com
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