The outlook; high tech is forming a role as an indicator

Article Abstract:

The high technology industry may be ready to replace the automotive industry as a chief economic indicator during the information age. The high technology industry's percentage of gross domestic product (GDP) now equals the automotive industry's 3.5% share and should exceed it by the end of the decade. The auto industry's share of the GDP has been stable for a long period, while the high tech industry's share doubled during the past decade. However, economists are not ready to replace the auto industry with the high tech industry as an economic indicator because it is more difficult to calculate the wealth created by high tech industries. For instance, software is frequently undervalued because it is developed for internal use, rather than marketed as a product. Some software companies give their products away in an effort to garner market share, and intense competition in many software segments results in rapidly declining prices.

Computers, High technology industry, Economic aspects, Stock-exchange, Stock exchanges, Market trend/market analysis, Computer Industry

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Silicon Volley; high-tech firms rush to fund a pet cause: chill all the lawyers; a former Intuit ace leads California battle to curb law suits and huge fees; finding rewards in politics

Article Abstract:

Intuit co-founder Thomas Proulx pushes for the passage of a set of California ballot measures that would significantly restrict the amount of that trial lawyers are able to earn. Proulx has garnered $6 million in financial support for the initiatives, an indication of the high-tech industry's increasing political interest, influence and capability. High-tech lobbyists have successfully worked for the passage of particular legislation, a recent congressional veto and the killing of a proposal designed to reduce immigration slots for foreign high-tech workers. Both politicians and executives of high-tech corporations have grown increasingly aware of the potential influence that each can apply to the other's interests. As technology-based companies become more prevalent and established, their credibility and power will continue to rise in Washington DC.

Computers & Auxiliary Equip, Officials and employees, Influence, Political issue, Activism, Political protest, Intuit Inc., INTU

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