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 Post subject: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 2:18 am 
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I work for a tech MNC (not software), and we seem to be doing great. It's not really something to be complaining about but with nearly everything else going to crap, I'm struggling to understand how this is happening. Who is buying our stuff? I thought no-one had any spare money any more? When will the bottom fall out?


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 2:37 am 
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Too Big to Fail
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Why not give us your own opinion to get the ball rolling? And maybe some more details on where you work and, you know, what you're on about and stuff.


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 3:05 am 
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Exports, I suppose... so some parts of the world mustn't be so screwed... OK :-GC

Apologies for wasting your internets....


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 6:36 am 
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What sort of hardware does your firm make? If it's floppy disk drives, I wouldn't have an answer for you. If it's iPad2 graphics chips, thank this guy: http://news.cnet.com/8301-17852_3-20068295-71/report-teen-sells-kidney-to-buy-ipad-2/


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 8:56 am 
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there were some fantastic growth sectors during the great depression, the transistor radio for instance. No is no different. Too early for gloating though: this recession is not over and eastern consumers will take a set back

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Uruguayan President José Mujica, World's Poorest President


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 9:02 am 
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If there's going to be permarecession, at least in some parts of the world, perhaps rolling from one place to another, companies need to build in much more flexibility to their business models. IT is sold as an enabler of this.

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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 9:07 am 
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Ditto here.

Technology companies cut all extra costs post dotcom bust. Smartphones have led to huge demand on the communications infrastucture, which is selling huge amounts. Movie and music downloads appear to be keeping the PC market bouyant.

Probably won't last, but unlikely to tank in the same manner as 2001.

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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 9:13 am 
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Hmmm. My brother and his partner work for the same tech MNC here and are far less optimistic. They've lost a lot of staff in the last two years, and a lot of their production has shifted out of here. And the company - for all the talk of our highly educated workforce, cannot get the staff they want - especially those who have good second language abilities.

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“The only calibration that counts is how much heart people invest, how much they ignore their fears of being hurt or caught out or humiliated. And the only thing people regret is that they didn't live boldly enough, that they didn't invest enough heart, didn't love enough. Nothing else really counts at all.” Ted Hughes

“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.” Anais Nin


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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 10:16 am 
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The Tech sector is characterised by waves of innovation that tend to move independently of the general economic cycle...e.g. Mainframes in the 70s, Personal Computers in the 80s, Windows/Enterprise Software and Internet in the 90s.

We have now entered the next wave, Mobile Internet. Demand on mobile infrastructure is growing exponentially and huge investment is needed to keep up. Web traffic in general is set to grow massively over the next few years, not least driven by the demand for video.

Some stats:

Quote:
Cisco says the increase in traffic from 2014 to 2015 alone will be 200 exabytes, more than the total IP traffic generated in 2010.

The company sees four drivers for the huge growth in Web activity:

An increasing number of devices.
An increasing number of Internet users – nearly 3 billion by 2015, or more than 40% of the world’s population.
Faster broadband speeds. Cisco says the average speed for fixed broadband will jump 4x from 7 megabits per second in 2010 to 28 Mbps in 2015.
More video: Cisco says by 2015, 1 million video minutes will cross the Internet every second.

Some other key findings from the Cisco report:

The company sees average global IP traffic in 2015 hitting 245 terabytes per second, “equivalent to 200 million people streaming an HD movie simultaneously every day.”
Cisco sees the Asia Pacific region generating the most IP traffic by 2015, topping current regional leader North America.
PCs, which generated 97% of consumer Internet traffic in 2010, will generate 87% of such traffic in 2015, as tablets, smart phones and connected TVs play a greater role.
Advanced video traffic, including 3D and HDTV, is expected to increase 14x in 2015 from 2010 levels.
Mobile Internet traffic will increase 26x, to 6.3 exabytes a month by 2015 from 2010.


http://blogs.forbes.com/ericsavitz/2011/06/01/cisco-sees-web-traffic-up-4x-by-2015-to-almost-a-zettabyte/

If Cisco are saying this, one can only imagine what their R&D budget (and those of their competitors) will be over the next few years. We should also expect some serious M&A activity - many tech companies are sitting on huge cash piles.

It is also worth noting that in the mid/late 70s (the aftermath of the oil crisis) the tech sector performed well. The same was true of the recession in the early 90s.

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 Post subject: Re: What's with the tech sector?
PostPosted: Fri Jun 03, 2011 11:54 am 
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http://www.irishtimes.com/newspaper/fin ... 14449.html

“A minister would turn up now if Met Éireann announced a cloud but the Government is banned from buying it,”


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