Top quotes from the Global Technology Summit
PARIS/NEW YORK |
PARIS/NEW YORK (Reuters) - Executives and officials from the technology industry joined Reuters reporters at the Technology Summit in Paris and New York this week.
Here are some top quotes:
SHERYL SANDBERG, COO, FACEBOOK
On the likelihood of an initial public offering:
"It's an inevitable process for us, it's the next thing that happens. People used to ask us if we were going to get sold, people have stopped asking that question."
On not watching the LinkedIn (LNKD.N) IPO:
"It's only 11. People aren't really here yet."
BEN VERWAAYEN, CEO, ALCATEL-LUCENT (ALUA.PA)
"Everybody knows I'm not here to make a career. I've already made my career. I'm here because I love it, I'm passionate about it."
RICHARD CLEMMER, CEO, NXP (NXPI.O)
"We co-invented the NFC technology eight or nine years ago with Sony (6758.T). We tried to push it but frankly we just didn't have the influence. What we did by aligning with Google (GOOG.O) allowed us really to have a much larger impact. We'd been working with credit card companies, and it kept being on the roadmap four quarters out."
MO KOYFMAN, PRINCIPAL, SPARK CAPITAL
Asked if valuations were too high for tech companies: "Frothy yes. Bubble, no. There's too much value creation out there. For the leaders of the pack Facebook, Twitter, Groupon and Zynga -- these are the leading companies of today and tomorrow."
"Success begets success. Everybody's been waiting for a couple of these businesses to go out to justify and lead the way for others to come behind them. LinkedIn is a tent pole in this regard."
MIKAEL HED, CEO, ROVIO MOBILE:
On whether the company wants to stay independent: "We're having too much fun to be a part of something bigger, that said, people do crazy things when presented with obscene amounts of money. So the answer is probably."
ALEXANDRE DE ROCHEFORT, CFO, GAMELOFT (GLFT.PA):
Asked if free games on sites such as Facebook would be a threat: "I don't see where the threat is, it's not even selling to the same people. We know perfectly that the people who download Modern Combat: Black Pegasus ... are not the people who are playing FarmVille.
"Zynga have made it very clear that the typical FarmVille client is a woman, 40 years old, living in her house in the mid-west. GameLoft has not sold any games to this type of client in the last 10 years."
WARREN EAST, CEO, ARM (ARM.L):
On Intel's (INTC.O) next-generation technology unveiled earlier this month, on which it is betting to catch up with ARM in the tablet and smartphone markets: "Intel's announcement of 3D structures at 20 nanometer was an interesting announcement but from our point of view nothing really more than that. Intel have got a fantastic marketing coup here but actually it's not really news."
NEIL RIMER, CO-FOUNDER AND PARTNER, INDEX VENTURES:
On Skype, in which Index was an early investor before its sale to eBay (EBAY.O) in 2005: "I think it is a phenomenal property that's still relatively underexploited. A lot of the most promising plans that we had when we were investors in Skype back in the day still haven't been carried out, kind of were mothballed it seems for several years. So I still think there's a ton of opportunity ahead of them.
"There's a lot of services that individuals and businesses are willing to pay for beyond the basic Skype and Skype video. If you're a business looking to do enterprise-grade videoconferencing or you want to use it for call centers or you want to use it to generate leads for small businesses, there's just a lot of things that are still available."
FLORIAN SEICHE, PRESIDENT, HTC EUROPE (2498.TW):
On the security of Google's (GOOG.O) smartphone operating system, Android: "One of the underlying principles of the Android platform is the openness of the marketplace. It is a different mechanism than let's say the strict control that Apple (AAPL.O) is doing in uploading the applications. You need to keep the balance between openness and freedom and security. It's just like in society, there is no perfect world. If you want to have perfect security you will lose a lot of the freedom and openness."
OLIVIER PIOU, CEO, GEMALTO GTO.PA:
On Sony (6758.T): "There is more and more sensitivity that not only do we need to protect the systems -- like the banking system, which you protect with a chip banking card, which is much better than magnetic stripe -- but we have also to protect the personal data of consumers. And yes, Sony is a visible case, but you know there are many other cases."
On universal coverage: "From 1992 to 2007 the value proposition of the telco was to take the subscription that we were giving them, the money we were giving them, and planting base stations everywhere to cover the world. In 07 the world was covered. It's hard to find a place to go on vacation and say to your boss: You can't reach me."
JON VON TETZCHNER, CO-FOUNDER, OPERA SOFTWARE (OPERA.OL):
On Microsoft's (MSFT.O) agreement to buy Skype for $8.5 billion: "Obviously at the office we've had some banter around, OK if we were being priced at the same levels at Skype, what would that mean? -- meaning that we have more users than they do."
On location-based advertising: "For a lot of people, when they talk about location-based advertisement they talk about what I would call spam."
(For more on the Reuters Global Technology Summit, see
(Reporting by Georgina Prodhan and Kate Holton; Editing by Louise Heavens, Jane Merriman and James Regan)
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