Thursday, 31 January 2008

The future: cheap laptops or super phones?

With the rise of the Asus Eee and the Apple iPhone, it seems the desktop PC's days are numbered.

Monday, 21 January 2008

Internet attacks affecting real stuff

I suppose it was only a matter of time, but this is the first evidence I've seen of internet attacks affecting real-world things (financial stuff is still just numbers in machines, which can be reset, effectively).

Monday, 14 January 2008

Electronic warfare - City style

Check out the specs for these new trading algorithms offered by Goldman Sachs. They read suspiciously like computer virus descriptions, or guided weapons specs..!

I wonder if all financial trading will one day be simply subscribing to one algorithm or another. Some will inevitably be more popular than others, so there will be a market in algorithm pricing. Then, if Google Search is anything to go by, there will be systems developed to 'trick' the popular algorithms, requiring counter-measures... and so on.

Thursday, 10 January 2008

2008 Will Be “Nothing But Net” - again?

JPMorgan Predicts 2008 Will Be “Nothing But Net”. Interesting, but, as with the .com bubble, you really have to wonder where they'll get the revenue.

Media has always had convoluted revenue streams, but I'm extra dubious about the net. Take Facebook: okay, so they make money from advertisers paying them, based on Facebook's huge user-base. But where is the evidence that those users actually spend money on those advertisers based on the Facebook advertising? Click-through advertising is based only on clicks, not on customers. My ad click to purchase ratio is all but negligible: in fact I can only think of one instance when I bought something based on an online ad.

So, where's the intrinsic value? These companies are creating revenue and huge valuations, but what is it all based on?