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- THE FRIDAY LETTER -
(emailed weekly,
from Gilder Publishing,
for friends and subscribers)
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| http://www.gilder.com/ | Issue 309.0/September
7, 2007
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HEADLINES:
- The
Week / Gilder: Intriguing Paradigm Companies
- Friday Feature / Christensen: Six High-Tech Disruptors Ready to Hatch
- Friday Blogger Bonus / Karlgaard: Loving Entrepreneurs
- Readings /
SPECIAL OFFER
|
-
The Critical Path of Fiberspeed Connectivity, featuring Eli Fruchter of
EZCHIP |
The
Week /
Intriguing Paradigm Companies
George Gilder,
Gilder Telecosm
Forum (9/3/07): My paradigm companies in
general fit in the increasingly congested, buffered, and mismatched interfaces
between a fiberspeed Internet, tripling its reach and capability every year or
so, and a Moore's law or fingerspeed regime of electronics and IO tools that
cannot keep pace.
In the critical path are an array of fiberspeed devices, architectures and
systems that enable the new optical infrastructure: EZchip (LNOP) (which
I own) captures and sets the new standard of 10 Gigabit Ethernet and IP of the
new Internet. NetLogic (NETL) enables high-end lookups at wirespeed and
may well be moving into the iRAM paradigm of David Patterson, which has long
intrigued me. Micron (MU) is also tentatively exploring this Patterson
theme and is pioneering the copper metalization upgrade with Semitool
(SMTL). Cavium (CAVM) does security processing and competes with the
still private Raza Microelectronics; these companies are developing new
multichannel architectures that can accomplish wirespeed operations at the
higher layers of XML, TCP, and multimedia processing. Sigma (SIGM) can
do fiberspeed decoding for all the video devices on the edge of the network and
thus is a critical path supplier.
Nvidia (NVDA), AMD-ATI (AMD), and Acceleware
ride the fabulous graphics learning curve of pixellated parallelism. There may
be more intriguing companies there. In wireless, Qualcomm (QCOM) and Anadigics
(ANAD), plus their followers, have more promise than the WiMax cluster.
As a general observation, the area of lasers is finally coming into its
own with an array of new technologies that will enable new networks and
displays of all kinds. Carver Mead's companies continue to shine and several
will be coming public over the next couple years. It's an exciting world out
there. A lot of it will be converging at Telecosm at Lake George on October
16 to 18. (Click
here for details.)
To read George’s comments
on Power-One (PWER),
login with your subscriber ID today, at http://www.gildertech.com/.
|
The Gilder
Telecosm Forum |
Friday Feature / Six High-Tech Disruptors Ready to Hatch
Clayton Christensen, Forbes.com (9/4/07): One of the core findings
from my research is that companies innovate faster than people's lives change.
Think about your mobile phone. Odds are, you use only a fraction of the
capability of the phone. Companies have to play this game. The
sustaining innovations that move a company along an established improvement
trajectory are the life blood of any firm.
While
the true disruptive power of innovation generally is not the technology itself,
but rather in the business model that surrounds that technology, here we take a
look at some of the most interesting emerging technologies that we have come
by. With the right business models, these technologies could be at the core of
future disruptive change.
1)
Charging Wireless Gear Wirelessly
2) Disruptive Sweepstakes
3) A Polaroid In Your Cellphone?
4) The (Auto) Doctor Is In
5) Print Your House
6) Here Comes The Sun
Learn about all six of these emerging technologies:
http://www.forbes.com/2007/08/31/christensen-emergingtech-google-pf-guru_in_cc_0904christensen_inl_print.html
________________________________________
Friday Blogger Bonus /Loving Entrepreneurs
Rich
Karlgaard, Forbes.com, Digital Rules blog: When it
isn't fanning global warming hysteria, USA Today's Money section is
consistently good. Here
is a nicely done story titled "Companies, Investors Tend To Prosper When
Founders Remain At The Helm."
USA
Today:
Apple has become the most celebrated example. Its stock was $2.03 in 1985,
adjusted for splits, when founder Steve Jobs left, according to market data
provider CSI. When Jobs returned in 1997 after 12 years, shares traded for
$3.95. Fast-forward 10 years, with Apple's shares at $127.57.
Apple isn't alone. USA Today reports 15-year stock gains for 63
companies still led by their founders. The companies include: Apollo Group
(John Sperling) 6,340%; Amazon (Jeff Bezos) 4,381%; Pre-Paid Legal Services
(Harlan Stonecipher) 4,302%; Dell Computer (Michael Dell) 3,389%; Oracle (Larry
Ellison) 2,650%.
The
S&P return over the same period? Only 222%.
Well
done, USA Today.
Question for the day: When you invest in stocks, do you
go strictly by the numbers, or do you also consider management quality? And
when thinking about management, do you like companies still led by their
founders?
Read complete
blog and subscriber comments:
http://blogs.forbes.com/digitalrules/2007/08/loving-entrepre.html
__________________________________________
Readings /
Ever-younger Entrepreneurs
http://www.boston.com/business/globe/articles/2007/09/07/ever_younger_entrepreneurs/
Steve Jobs Apologizes
http://online.wsj.com/article/SB118910651781519626.html?mod=hpp_us_whats_news
Bernanke
Resists “Hair of the Dog”
http://www.ftportfolios.com/Commentary/EconomicResearch/2007/8/20/Bernanke_Resists_Hair_of_the_Dog
The Weekly GTI
http://www.gtindex.com/
Justice Dept wary of "net neutrality" proposals
http://news.yahoo.com/s/nm/20070906/wr_nm/netneutrality_doj_dc;_ylt=AkQH2YVP1WNMCKZ9tFbJyL0jtBAF
New Senate Bill Aimed at Wireless Carriers
http://blog.washingtonpost.com/posttech/2007/09/new_senate_bill_aimed_at_wirel.html?nav=rss_blog
__________________________________________
FRIDAY LETTER STAFF
Editor: Mary Collins George / mcollins@gilder.com
Research: Sandy Fleischmann / sfleischmann@gilder.com
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