Word: teche
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...good news is that investors have shown they are willing to overlook the bad climate when specific company fundamentals improve. Last week tech giant Cisco reported a quarterly profit that was 1[cent] a share better than expected--and the market soared for a day. Especially encouraging were Cisco's wider profit margin and depleted inventory. But it will take a drumbeat of such news to turn around negative market psychology...
Executive Fashion --The rag trade gets some high-tech help...
Brooks Brothers and Prada are enlisting high-tech partners to help improve their customer service. At the Prada Epicenter in New York City's trendy SoHo district, sales reps use handheld devices to scan garment tags that are fitted with Texas Instruments' R.F.I.D. (radio frequency identification) technology--the kind embedded in the electronic passes commuters use to zip past tollbooths. A tag scan at Prada accesses details about fabric, size, availability--even a film clip of the garment worn by a model--all of which are displayed on one of the store's ubiquitous flat plasma video screens...
...love these innovations, which give them what they want--easy access to favorite tunes anywhere they choose. They are clearly willing to pay for this convenience, as shown by the $1.6 billion they spent last year on CD burners, blank CDs and digital-audio players, as reported by the tech-research firm NPDTechworld. And fewer and fewer music lovers are willing to buy the music industry's shopworn business model: $17.99 for a recorded CD that contains only a couple of tracks they like...
...RioRiot is the nation's top-selling player, is to fend off Sony, Panasonic and Samsung. As these giants muscle in and as component costs fall, price wars will pressure smaller firms. "It remains to be seen if a SONICblue can sustain its brand," says analyst Susan Kevorkian of tech-research firm...