Word: teche
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...Rock never really died--after the alternative-rock craze bottomed out in the late '90s, rap-rock hybrids like Limp Bizkit and Kid Rock as well as more straightforward rock bands like Creed have clicked with audiences and gone multiplatinum. And record-company executives, like anxious analysts anticipating a tech bubble burst, have been anticipating a correction in teeny-pop's long boom. They have devoted more resources in the past year to signing and developing rock acts, believing the tweens who flocked to pop would soon be ready for a different sound. "They want [their music] to evolve into...
...meantime, any business that's in the market to upgrade its technology can do so for a fraction of what it would have paid just eight months ago. Robert H. Wager Co., a firm in Rural Hall, N.C., that makes high-tech smoke detectors, was days away from defaulting on a $200,000 contract because of a shortage of critical semiconductors. A two-month search turned up one supplier with a 14-day lead time. Five minutes on VCE turned up supplies that could be delivered immediately. "We're deliriously happy," says sales director Christine Timchek. Similarly, Texatronics, a contract...
...Porsche have defied the notion that keeping pace with tech advances will break an indie carmaker's bank. One reason: parts suppliers have become powerful arbiters of success, as more auto companies outsource R. and D. of their components. Traditionally, Mercedes would develop a new antiskid technology in conjunction with a high-end component maker like Germany's Robert Bosch. Then, after Mercedes had made a splash by being the first to sell cars with the new technology, it would allow Bosch to sell the technology elsewhere. Now the suppliers are driving the process. Says Flynn: "BMW is going...
...loudest crashes in the tech collapse came last month, when mighty Cisco Systems found itself with so many of its finished routers and components stuck in warehouses and going nowhere that CEO John Chambers had to take drastic action. He wrote off a record $2.3 billion in inventory, including $900 million in processors and $300 million in semiconductors. Similar liquidations are taking place throughout the electronics industry. And they're providing fresh opportunities for a small band of nimble souls who are profiting not in spite of the tech slump but precisely because...
Public-auction websites like eBay are doing a fire-sale business in surplus tech hardware. A new Cisco AS5300 access server with a recommended retail price of $50,000 was auctioned off for less than $2,500. Even busier these days is Virtual Chip Exchange, a private marketplace for 4,200 established buyers and sellers of computer chips and semiconductors in 40 countries. VCE is currently the planet's largest electronics B2B exchange, as rated by Jupiter Media Metrix. The privately held company reports that revenues rose past $37 million in the first quarter, up 238% from the same period...