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Techquity: Bright lights, big California

Friday, May 31, 2013 - 02:29

May 31 - Reuters Breakingviews Columnist Rob Cyran reflects on Mary Meeker's state of the internet presentation including why California remains the center of the tech world.

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Mary Meeker the Wall Street Internet analyst turned venture capitalists Kleiner Perkins. Give her latest data the web presentation be all things. And here a couple things that caught fire worth keeping in mind about -- First take a look at this chart says the biggest Internet properties and where visitors come from. In the gold the US in -- is overseas as he knows there's a lot more visitors from overseas. Aid at the top ten companies are from California. I called bright lights big California. The reason is that nerds wanna be around other -- That's we'll find the best mentoring that's where their friends are there a lot of businesses built up around this venture capitalist loan money to new companies and lawyers draft non compete agreements. And most importantly it's where it's that. You're young they're working in the hinterlands the best place to go to California. So what are always bright young -- working on both not mobile -- submitted yesterday. Instead -- thinks it's wearable drivable and fly ovals so that right. Wearable computers is the obvious one each generation computers gotten lighter there's been lots of talk about glasses and watches recently but thinks smaller -- close. Can be a big market history suggested that ten times the size of mobile. And rivals. Google's self driving cars in the news but all the auto makers are exploring yes and the feds have just passed the first that a rules covering self driving cars. And make it easier for them to hit the market. Fly doubles we've seen widespread use -- drones in the military but think what they can do when they take off and civilian life. Big things like crop dusting or traffic watching into the police and fire responding with them in the food delivery. And that's just the star the fun thing about technology is being completely wrong the really interesting stuff is yet to be tripped up by the -- in California and elsewhere. Let's direct to soaring and sputtering time -- look at the movers and shakers stories OmniVision Technologies. The maker of -- trips forecast current quarter profit ahead of analysts' estimates incurred by higher demand for its products Smartphone makers in China. Shares at 18%. And sputtering Palo Alto networks. Security software maker lowered its guidance for the current quarter as sales suffer from US budget cuts that and weakness in Europe. Shares down more than 9%. That's tech it's Friday and everything falls reporter art here it's equity. I'm -- experience in this writer's.

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Techquity: Bright lights, big California

Friday, May 31, 2013 - 02:29