Word: teche
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...device debate right now is over convergence: Will single-purpose machines prevail, or will new appliances emerge with multiple functions? It's a high-tech version of Lamarckian evolution, in which new characteristics are acquired through demand. You can expect cell phones to sprout color monitors so they can be used to surf the Web, and PDAs to develop telephonic capability. When the convergence is complete, the theory goes, we'll have a single device combining in one small, supersmart package the qualities of a PDA, cell phone and pager--allowing you to schedule, e-mail, call, beep and surf...
...wireless revolution is something no major tech company wants to miss. There are face-offs at every level. Nokia, Motorola and Ericsson are duking it out over smart phones. Microsoft's Pocket PC is squaring off against Palm, which has nearly 70% of the handheld market. AT&T, SPRINT PCS, MCI and the Baby Bells want to provide the connections. CNN, ESPN and everyone else want to provide the "news nuggets" and other customized content...
...second group of critics who worry not that wireless won't live up to its promises but that it will. "Is it a major problem in our society that people walking down the street don't have Internet access?" asks Clifford Stoll, an astronomer and gadfly author (High Tech Heretic). "None of my friends are going around saying, 'Oh, my God, I don't have enough information.' Quite the opposite. People are saying, 'I'm flooded with this stuff...
...acquisition of cable giant MediaOne, a corporate marriage that will create America's largest cable provider. If the other regulatory body involved, the Federal Communications Commission, gives AT&T the nod, the corporation will have successfully transformed itself from an old-school telephone giant into a high-tech force to be reckoned with - and will have done so remarkably quickly. Only Time Warner (the parent company of TIME.com) would rival the AT&T-MediaOne mega-company...
...investors, tech stocks have always been wobbly, with their stratospheric price-to-earnings ratios and fluid business plans; now they're starting to careen, mostly downward, with regularity, and other bets are only getting better. "The higher interest rates go, the more lucrative bonds and T-bills are," says Baumohl. "When 30-year bond yields get over 7 percent, with absolutely no risk, money gets shifted out of the techs and put elsewhere." And then there are the fundamentals, which were never the tech sector's strong suit anyway. "When rates go up, companies don't have as much money...