Word: teche
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...management strategy that General Electric CEO Jack Welch is applying. "You won't see one ounce of slowdown in tech spending from us," he declared in a TV interview this year. "We are driving the hell out of IT spending...
Ravi Desai admits he's a lousy poet. But he's pretty good at spinning tales. The 31-year-old Harvard graduate talks like the Robin Hood of Silicon Valley, promising to shower info-tech lucre on cash-strapped creative-writing programs across the land. "We need to support the soul as well as the mind," he croons from a two-man consulting firm in Menlo Park, Calif. What Desai actually delivers, however, is a parable about the perils of falling for a dotcom dreamer...
This winter Desai asked if the school would like to be paid in stock from his most recent employer, Formulasys, a privately held tech consulting company. Once again Desai became CEO. Briefly. He was asked to resign in January, five days after getting the top job. The firm claims he had been falsifying contracts with big-name companies like Vodafone, although Desai says the allegation is "utter nonsense...
...long view says that, assuming a recovery in 2002, some battered tech giants are getting discreetly attractive...
Much has been made of the coincident slide in tech shares and tech earnings, a brutal one-two punch that has left some stocks down 80%--but no less expensive than during the bubble. How can that be? Stocks are most often valued relative to future earnings. If earnings prospects fall faster than a stock's price, the stock gets more expensive no matter how low it goes...