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Tech was a bargain for about a nanosecond. With the tech-laden NASDAQ having surged 40% since early April, the stocks are starting to resemble an unlit cherry bomb on the Fourth of July. Consider that the average blue-chip tech stock trades at 40 times this year's earnings, up sharply from 29 just six weeks...

Author: /time Magazine | Title: Don't Get Fooled... | 6/4/2001 | See Source »

...Bush Administration's submission to Congress for approval. A former air force pilot and prisoner of war in Hanoi, Peterson is expected to leave July 15. RETIRED. GORDON MOORE, 72, Intel Corp. founder and articulator of "Moore's Law," a prediction that the number of transistors on a silicon chip will double every year; in Santa Clara, California. He will continue serving as chairman and director emeritus but will have no voting power. EXTRADITION UPHELD.Of FRANZ MEIJER 46, to the Netherlands for the 1983 kidnapping of beer magnate Alfred Heineken; in Paraguay. Meijer and four others abducted Heineken...

Author: /time Magazine | Title: Starting Time | 6/4/2001 | See Source »

...look like an interstellar villain because I'm test-driving the Mobile Assistant IV, a "wearable computer" produced by Xybernaut, a small Fairfax company. It's hard to believe, but the doodads attached to my head and waist add up to a full-fledged PC, with 233-MHz Pentium chip, 32-MB memory and upwards of 3 GB storage. The keyboard on my wrist has 60 keys, and there is a trackball built into the central processor. Suspended in front of my left eye is a full-color vga screen scarcely larger than a postage stamp but so close...

Author: /time Magazine | Title: Watch and Wear | 6/4/2001 | See Source »

Researchers from India to Massachusetts are exploring digital smell technology, add-ons that make your computer into a perfume factory. But the current atmosphere for virtual scents pretty much, well, smells. Greg Gretsch, a Silicon Valley veteran at blue-chip venture capital firm Sigma Partners, says, "Someone talks about digital scent technology and my bulls___ meter goes...

Author: /time Magazine | Title: Sniff-N-Scratch | 6/4/2001 | See Source »

...another story. I'm telling you this to give you some examples of the sins of omission I have committed that, in a year or so, I will no longer be able to commit (or omit) because my mobile phone, by law, will give me away. A teensy chip in a tiny chipset somewhere in the inner workings of my cell-phone handset will alert some 27 satellites, known as the global positioning system (originally launched by and for the U.S. military to keep track of missiles and stuff), of my whereabouts. Enough of those satellites will beam back...

Author: /time Magazine | Title: Somebody's Watching Me | 6/4/2001 | See Source »

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