Word: teche
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...high-tech scooter: Sorry, folks, but unless you can use this device while carrying an armload of groceries and a squirming three-year-old, the Segway's just a guy toy. SANDIE SCARPA Fort Pierce...
...interested in your article on Enron's bankruptcy and the company's questionable practices [BUSINESS, Dec. 10]. After taking a moderate hit in the tech wreck of the securities market in the past 18 months, I have diligently pursued a more diversified mix of stocks in 2001. Of course, energy was one of the areas I invested in, including a piece of Enron. Next year I plan to take $10,000 and bury it in the backyard. DAN WEHRENBERG Stoneham, Mass...
Start with what got us here. Businesses overspent to build things like PCs, Internet switches and routers, as well as speedy fiber-optic lines. That spending helped fuel the boom. But once corporate tech budgets tightened, tech stocks plummeted, and so did spending among consumers who held those stocks. Suddenly, those consumers felt much poorer. Typically, cycles work the other way. Robust consumer spending at the height of a boom induces businesses to build more plants at just the wrong moment--when the Federal Reserve is ready to dampen the whole party with higher interest rates to root out inflation...
...scenic paradise and favorite destination of honeymooners. But South Korean officials would prefer Cheju--50 miles off the tip of the Korean peninsula--to be more of a trading center, like Hong Kong. The Seoul government plans to invest some $3 billion over 10 years to attract high-tech firms. Among the enticements: any business that invests $10 million will get five years of tax breaks. Each South Korean will be allowed to spend $1,200 on duty-free purchases from Cheju each year. And perhaps most appealing to business--imports will be tariff free. "It can be an important...
Venture capitalists, burned in the collapse of digital tech companies over the past year, say the only areas in which they are increasing their investments are security and biotech. That was the conclusion of a recent survey by consultants Deloitte & Touche. Biotech pulled in some $3 billion in VC funding over the first three quarters of this year--a third more than it did in the same period last year, according to the Silicon Valley consultancy Recombinant Capital. A San Diego-based company, Syrrx, even found itself turning investors away early this year after it had raised $55 million...