When VC stands for 'very crafty'

Article Abstract:

Draper Fisher Jurvetson founder Tim Draper has survived the downward slide being experienced mostly by dot-com companies. Unlike other venture capitalists, Draper is willing to bet on people who win his confidence, even if he is less sure about the technology or business plan. The end game for him comes when a company that he invested in goes public or is acquired by another company. The enables Draper Fisher Jurvetson to distribute the profits from the investments back to those who put money into the fund.

Miscellaneous Intermediation, California, Executive changes & profiles, Venture Capital Companies, Draper Fisher Jurvetson

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Project turns airplanes into metro-area satellites

Article Abstract:

Angel Technologies of St. Louis, MO, plans to use airplanes as metro-area satellites for fast connection to the net. The company intends to pack the airplanes with high-bandwidth communications gear and circle them some 10 miles above cities. The airplanes will act as satellites, and anyone with a plate-size antenna and is within a 75-mile radius could bounce signals off the planes down to ground stations that link to the Net. Angel Technologies has successfully conducted a flight test on Sept. 22, 1998.

Comment:

Plans to use airplanes as metro-area satellites for fast connection to the net

Communications Satellites, Guided Missile and Space Vehicle Manufacturing, Aircraft Manufacturing, Commercial Aircraft, Missouri, Article, Angel Technologies

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Philips seeks hero product to court USA

Article Abstract:

Philips Gloeilampenfabrieken N.V. is moving like never before in an effort to achieve its main goal of improving its market share in the US, where Philips only ranks 115th. In line towards this goal, the company has already launched its largest advertising and branding campaign in the US and is streamlining its business. Some analysts say that the only thing that Philips lack is a hero product that would boost the perception of the brand among American consumers.

Electrical Equipment, Appliance, and Component Manufacturing, Netherlands, Electrical & Electronic Equip, Philips Gloeilampenfabrieken N.V.

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