Word: teche
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Remember how hard you prayed in March? Please, God, give me just one little rally in tech stocks. I'll sell what I have left, I swear, and never again commit the sins of underdiversification and speculation. Well, you can throw that pledge on the scrap heap of desperate promises never kept. Tech is torrid. Again. You want in. Again. Yet this could turn into Bubble II, a sequel with nearly as much punch as the original. That's not what anyone wants to hear after a yearlong, tech-led bust that wiped out $5.2 trillion of stock-market wealth...
...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...
...many ways, TiVo is kind of an uber computer. It's supremely high-tech, built on the ultra-stable Linux operating system, the genius of which is you never notice it's there. The box is doing things the Internet revolution has so far failed to manage, like distributing independent movie shorts submitted to websites on a screen larger than a postage stamp (after signing a deal last week with Atom Films whereby TiVo customers will get Atom's stuff for free...
Leading the parade, ironically, is Enron, an old energy behemoth that has reinvented itself as a high-tech trading firm dealing in everything from natural gas to Internet bandwidth. In fact, its new 40-story headquarters, designed by Cesar Pelli, will be fronted by a seven-story "podium"--or shorter building--to house what Enron is calling the largest commodities-trading environment in the world...
...Playstation platform, with its increased storage capacity and CD sound quality, enabled game developers to employ more sophisticated music. Uematsu, a self-taught guitarist and keyboardist, writes while playing test versions of each game, getting "constant feedback" from the development team. But despite the high-tech aspects of his calling, he is inspired most when "surrounded by nature." Every morning the composer, who lives in Tokyo, walks along the river Tama with his dog Pao, musing on new ideas: "I feel a tranquil environment is necessary so that one can feel the slightest stirring of emotions...