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Technology Investment Opportunities Discussed At Pacific Crest Securities' Technology Forum
SecurityProNews
Staff Writer
2004-08-24
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Senior executives from leading technology companies and top institutional investors gathered at the Pacific Crest Technology Forum in Vail, Colo. August 8 through 11 to evaluate current and future technology investment opportunities.
The sixth annual invitation-only event was attended by more than 100 technology companies, including IBM, eBay, QUALCOMM, Symantec, SanDisk and Alcatel.
Pacific Crest's Technology Forum identified long-term trends and provided insight into:
-- Technology investment opportunities
-- Internet security trends
-- The digital lifestyle
Technology Investment Opportunities
After a challenging earnings season, with at least 30 preannouncements in the technology sector, investors attending the Technology Forum were assured that the worst is over. Pacific Crest's director of research, Peter Rogers, noted that opportunities in the current technology market are more abundant than risks, but one must be selective. Rogers concluded that the time to buy is now and investors should be rebuilding core positions. Additionally, he cited the following trends as promising investment opportunities:
-- Online advertising moving beyond search
-- Shift to open-source platforms rapidly gaining momentum
-- Internet security growth accelerating
-- Carriers and network operators racing to adopt 3G wireless
-- Metro/edge as a high-growth sector in a weak wireline equipment market
-- The digital lifestyle, creating new products, new markets and new growth
Internet Security Trends
Richard Clarke, chairman of Good Harbor Consulting, LLC and former special advisor to President Bush on cyberspace security, discussed the current state of Internet security. Clarke confirmed that the nation's infrastructure is under-protected. He challenged software vendors to test the vulnerabilities of their products to help combat cyberspace security problems.
John Thompson, chairman and CEO of Symantec Corporation, discussed the need for interoperability between all vendors as the demand for a full suite of security products increases. Thompson also discussed the increased demand for security as Linux deployment continues.
The Digital Lifestyle
Eli Harari, Ph.D, president and CEO of SanDisk Corporation, led a discussion on the digital lifestyle, the convergence of newly digital consumer media -- music, video, television, telephony, gaming and imaging - with widely available broadband/wireless communications and the storage and media-management capabilities of the personal computer. The digital lifestyle is transforming the consumer electronics and entertainment markets in the following areas:
-- Early stages of phenomenal growth for consumer electronics and wireless, with growth cycles that will last at least for the next 20 years.
-- Digital technology will unlock commoditization as the pace of adoption of new technologies accelerates.
-- Opportunities in content distribution, both personal (files, medical files and financial files) and multimedia (films, video and music).
-- Mobile storage in consumer electronics is currently under-hyped.
About the Author:
SecurityProNews is a daily online and email publication focusing on internet security issues.
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