Source – Bloomberg and BCA
US Manufacturing Activity
The August US ISM survey demonstrated broad-based strength, with a rebound
in output growth. Although the manufacturing survey is still lagging,
a turnaround was evident in new orders, with particular strength in the
service sector. Monetary and fiscal policies are accommodative, posing
fewer obstacles to stronger production growth ahead.
Global Economic Growth
With the exception of employment, US growth has been solid in recent
months. A survey of 22 established international markets also reflects
that global policymakers are focused on stimulating growth and that business
investment is beginning to revive. Weakness in capital spending has been
a drag on global growth over the past two years and a rebound is critical
for sustaining the budding economic upturn. In addition to the upturn
in US capital spending, Japanese capital spending is also increasing.
Europe remains a weak spot, but the capital spending outlook is encouraging
with business confidence levels and corporate profits improving.
US Corporate Earnings
A rebound in consumption, cost cutting, and a lack of new job creation
have contributed to the recent upturn in corporate earnings. Forward
earnings and revisions rose again in the past month and should climb
further given the bullish readings from the Conference Board’s
Leading Economic Indicators report.
When it comes to
technology, people usually fall into three different camps. First,
there are those who avoid anything that has a circuit. The second
group waits and adopts specific technology only if it will make their
lives easier. And then there is the last group, comprised of people
like me, who love anything new, cutting edge and shiny. So as all
these new products with Bluetooth have been hitting the market, I
find myself itching to get my hands on them.
For those readers in groups 1 & 2 worried that Bluetooth is a new
dental ailment, please let me explain. A few years ago in the early dawn
of the wireless revolution, a bunch of companies started to work on a
low-power, low-cost wireless way of networking gadgets known as Bluetooth.
Unlike it’s bigger cousin Wi-Fi, Bluetooth was not meant to create
large wireless networks or LANs. Rather, with its shorter range (30ft
vs 150+ft) and slower transfer rate (720 Kbps vs 11 or even 54 Mbps)
it was designed to connect small devices such as cell phones, PDAs, and
printers. This creates what techies like to call a PAN ( personal-area
In other words, Bluetooth replaces usb and serial cables just
as Wi-Fi replaces Ethernet wired networks.
Through a combination
of software and hardware like CSR's
Bluecore radio chip ( found in nearly 60% of bluetooth products),
the device detects and establishes short-term pairings with other
enabled devices within range. These pairings are quickly and easily
established but once out of range, the pairing is terminated.
So what can Bluetooth enabled technology do in the real world? And who
are the major tech companies involved? Here are just a few of the applications
companies are currently developing:
Automobiles with integrated or aftermarket installed Bluetooth technology
allow cell phone calls with a Bluetooth phone without taking the phone
out of a purse, bag or pocket. The car and phone automatically communicate
with each other once they are within range. When connected they synchronize
phone and address books allowing calls to be made from the steering wheel
or by voice activation. Currently BMW, Daimler-Chysler,
and Audi among others are deploying this ability in their cars. While
Nokia, Motorola, and
other cell phone makers are delivering Bluetooth car kits and phones.
In the near future, car navigation systems will also sync with the addresses
from a phone or PDA in order to direct drivers to their destination.
with Bluetooth can wirelessly sync calendars, email and data with PDAs
or cell phones without searching for the correct wires. Microsoft, Apple and Palm have
in the last year made Bluetooth support native in their operating systems
allowing easy synchronization between PCs and PDAs. The technology
has also allowed the development of wireless keyboards and mice which
free the clutter of wires from the desktop.
In the cell phone industry, Bluetooth is removing the wires and changing
the way we use them. Enabled phones can serve as wireless modems for
your laptop or PDA allowing web surfing from the ocean to the mountains.
Headsets with Bluetooth capabilities allow communication with the phone
without the annoying headphone/speaker wire dangling. And just as with
PDAs, these new phones can act as digital assistants and sync wirelessly
with your PC.
In the very near future expect Bluetooth enabled phones and PDAs to pay
bills at restaurants, purchases at stores and vending machines from a
digital wallet. In the same way, Bluetooth capable cars will transmit
payment to tollbooths without the need to stop. In the kitchen, Bluetooth
appliances will allow control and orchestration of meals in the kitchen
with appliances communicating with each other instructing themselves
on when to turn on and off. And devices will be able to tell other devices
how to customize themselves to your personal preferences.
is just a small sample of what is in store for this technology. For
more information click on one of the links or visit www.bluetooth.com.