Word: teche
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...care. No other major business relies so heavily--and so inefficiently--on old-fashioned pen and paper. But health care doesn't have much spare change to spend on information technology, and the outdated systems that have been installed over the years have only made doctors more skeptical of tech's miracle cures. Billions have been lost trying to use the Net to cut the estimated $250 billion in administrative waste. Investors have been hammered, notably by WebMD, the start-up launched by Netscape co-founder Jim Clark and Internet boy wonder Jeff Arnold. WebMD's stock, which soared...
Though doctors seem proud of their illegible handwriting, it has a huge cost. Each year pharmacies make 150 million calls to doctors to clarify confusing prescriptions. Today's tech-savvy medical students will probably never use an R pad, but doctors currently write only 1% of prescriptions electronically. "We can take the headache out of their most common practices," says Allscripts CEO Glen Tullman...
Ground zero for ranch mania is the hill country. Since 1994, the rugged, picturesque hills west of Austin and San Antonio have been Texas' hottest destination for retirees and investors alike--in large part because of its temperate climate. Tech millionaires from Dell, Compaq and Microsoft, tobacco-settlement lawyers, oil- and gasmen (back in the money, thanks to the California energy crisis) have all snapped up parcels from 50 acres to 100 acres, replacing ranch houses with mansions, throwing up 10-ft.-high fences to corral herds of exotic animals--and changing a way of life forever. There are traffic...
...even so-called defensive stocks like consumer staples have suffered in the market's tremendous slide. So how can investors balance out a tech-wrecked portfolio...
...there's a big push to keep riots civil. Check out the latest in crowd-control tech: beanbag guns, Spidey-style Webshots that launch Kevlar nets, PepperBall shooters and tasers that fire probes charged with a 50,000-volt shock. The heavy-duty stuff is yet to come: the U.S. military is developing a microwave gun whose beam feels like burning, and it's toying with sonic weapons that emit sound waves strong enough to knock you over or vibrate your internal organs to the point of nausea. By the way, Quiet Riot is still around; catch them touring...