Neither one even remotely embodies the idea of technology today. Because when the pace of change slows in a segment, we kick it out of the category. Change is the core ingredient of the technology recipe. It's important, too, to have a perspective on the pace of change. In 1943, for instance, IBM's own Thomas Watson claimed that the world market for computers might be as high as five.
Smart investors look for inflection points where overestimation turns to underestimation.
He goes on to use UBS Warburg's 'Magnificent Seven' long-term themes that investors can consider when creating a portfolio that could successfully come out of the latest correction. Globalisation is everywhere. The pace of global competition is allowing key technology category killers to extend into new markets at an accelerating pace. We also see companies developing global capabilities in order to facilitate the wars of others. The compass points toward Cisco Systems and EMC for extensibility and Flextronics and Infosys Technologies as facilitators through global manufacturing and software development.