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Businesses

Are Information Technology's Glory Days Over? 333

Posted by timothy from the incentives-attract-takers dept.
Hugh Pickens writes "The NY Times reports that computer science students with the entrepreneurial spirit may want to look for a different major, because if Thomas M. Siebel, founder of Siebel Systems, is right, IT is a mature industry that will grow no faster than the larger economy, its glory days having ended in 2000. Addressing Stanford students in February as a guest of the engineering school, Siebel called attention to 20 sweet years from 1980 to 2000, when worldwide IT spending grew at a compounded annual growth rate of 17 percent. 'All you had to do was show up and not goof it up,' Siebel says. 'All ships were rising.' Since 2000, however, that rate has averaged only 3 percent. His explanation for the sharp decline is that 'the promise of the post-industrial society has been realized.' In Siebel's view, far larger opportunities are to be found in businesses that address needs in food, water, health care and energy. Though Silicon Valley was 'where the action was' when he finished graduate school, he says, 'if I were graduating today, I would get on a boat and I would get off in Shanghai.'"
Power

Printable Batteries Should Arrive Next Year 92

Posted by timothy from the return-to-the-goodness-of-aa dept.
FullBandwidth writes "Paper-thin batteries that can be printed onto greeting cards or other flexible substrates have been demonstrated at Fraunhofer Research Institution for Electronic Nano Systems in Germany. The batteries have a relatively short life span, as the anode and cathode materials dissipate over time. However, they contain no hazardous materials."

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