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media hype

Facebook valuation 'shocker' another reason to be skeptical of media hype

Here's a message for all the tech bloggers and reporters freaking out over the alleged Associated Press bombshell that some copy-paste legerdemain led to the revelation that Facebook valued itself at $3.7 billion at the time of the ConnectU vs. Facebook court settlement:

Please, chill out! This is not news!

While it had not yet been reported that the ConnectU settlement was a reported $65 million (though since it was in cash and stock, that value may have dropped with the onset of the recession), the $3.7 billion Facebook valuation has been around since July.

The New … Read more

Top 10 technology flops

Every few years, some new technology or application comes along that everyone's sure will miraculously conquer every obstacle in its path and, in some ludicrously short time period, make existing technology obsolete. And then, long after all the media hype fades away and investors' checkbooks disappear, well, nothing happens.

So what? Who cares? Why bother talking about our industry's bombs, the next big things that weren't? Well, for one thing, it's interesting to note how hungry we all are for news about new technology. It gets us excited. We complain about media hype, but love the hype.

It's also fascinating how existing technology has this way of hanging on by its fingernails way past the point of its predicted obsolescence. More importantly, we learn more from mistakes than we do from successes. That's part of the scientific method: hypothesis, test, learn, repeat until you get it right.

Lastly, those who ignore history are doomed to repeat it. Those are all good enough reasons for me. So here are my top 10 technology flops. But first, some ground rules. I stuck to the last 50 years or so. And I avoided specific company products. We've heard enough about the IBM PCjr, Apple Newton, Microsoft Bob, and OS2 to last 10 lifetimes.… Read more

iHype: Is the iPhone today's Cabbage Patch Kids?

My friend Chad, a techie and savvy lawyer at a tech firm, and I had lunch today where we spent more time pawing at my iPhone than catching up. He said to me that he's been reading blog after blog, review after review and lusting after one of these puppies. Apparently, there are now outages of the 8 gig, which validated my 10-hour wait, in some part.

Anyway, in the midst of sitting at a street cafe on Belden Lane on a sunny day in San Francisco we were more focused on the hot little item in our hands … Read more