The (Tech) Economic Year in Review: Signs of Progress Amid
Continuing Challenges
Laptop Battery By Tom Still • 12/29/03
Madison, Wis. Was 2003 a year in which Wisconsins real-time economy
gained time or lost it? A review of the years top technology news
stories suggests the state is becoming a place where innovation,
intellectual property and investment are welcome.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad Dont pop the champagne corks just yet: Wisconsin still has a
long way to go before its economy is creating as many high-wage
jobs as the state lost in the three-year manufacturing recession.
The chasm between ideas and the creation of globally competitive
companies, while closing, is still wide.
Japan's economic and fiscal policy minister says there is no need to change the country's official economic assessment, expected growth data.Minister Heizo Takenaka defended the official economic assessment after revised third quarter data were released this week showing Japan's gross domestic product grew only a fifth of a percent during the period. Mr. Takenaka insists that Japan's economy is only adjusting slightly amid a continuing upward trend.Under a revised calculation method, Japan's real GDP growth for the entire fiscal year, which ended in March, was lowered from 3.2 percent to 1.9 percent.
Microsoft A year-end survey by NorthStar Economics of Madison and the
Wisconsin Technology Council, combined with an inventory of top
stories by the Wisconsin Technology Network, paints the picture of
a state on the move. Yet Wisconsin still lags in some important
indicators of economic dynamism, such as its ability to quickly
transfer research to the marketplace.
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Laptop Computers Six of the top seven stories in the NorthStar/Tech Council
survey were tied to longstanding efforts to close Wisconsins
venture capital gap. Historically, Wisconsin has trailed the U.S.
average in attracting venture capital, or equity capital invested
primarily in early-stage companies. In 2003, however, the story
turned. Wisconsins investment capital picture began to improve.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Laptop Computer Successive buyouts of Cobalt by Wellpoint and Anthem raised the
value of stock being held by a medical foundation that will invest
heavily in research. At todays stock prices, the University of
Wisconsin Medical School and the Medical College of Wisconsin could
invest up to $200 million in research and development over
time.
The State of Wisconsin Investment Board allocated nearly $100
million for investment in venture capital firms in Wisconsin and
the Midwest.
Robert W. Baird raised a $100 million venture fund aimed at
investing in high-tech, business services and health companies in
Wisconsin and the Midwest. Baird Venture Partners is one of the
SWIB fund managers.
Frazier Technology Ventures, a Seattle-based firm, established an
office in Madison to manage its portion of the SWIB venture capital
allotment.
TA Associates, a private equity firm from Boston, announced it
will invest $72.5 million in Logistics Health Inc. of La
Crosse.
Angel investor networks were formed in the Chippewa Valley and in
St. Croix County.
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Desktop Computer That money wont be invested overnight, but the rise in activity
shows Wisconsin is finally catching the eye of equity investors.
The Wisconsin Legislature can enhance that trend by passing bills
to leverage private investments.
Notebooks The years headlines also included the Wisconsin Alumni Research
Foundation marketing its extensive technology and patents to
Wisconsin companies, the launching of the first Governors Business
Plan Contest at the first Wisconsin Entrepreneurs Conference, the
largest Wisconsin Life Sciences and Venture Conference in 20 years,
and the expansion of the Wisconsin Innovation Network. All of those
developments help create capacity and opportunities for
entrepreneurs.
Lenovo Private companies also dispelled the myth that Wisconsin isnt
tech-savvy, as some of the stories reported by WTN
demonstrated.
Hard Drive NovaScan, a Milwaukee firm with a novel diagnostic imaging
technique, became the first company to sign a deal with WiSys
Technology Foundation, a WARF subsidiary.
Cray Computers in Chippewa Falls began production of a new
super-computer.
Epic Systems in Madison won the biggest healthcare information
contract ever with its deal with Kaiser Permanente.
Oshkosh Trucks Pierce Security Vehicle was ranked in the top 100
Technological Innovations for 2003 by Popular Science.
Johnson Controls introduced new technologies for the auto
industry.
GE Medical acquired more companies, announced more breakthroughs
and created more jobs.
Two Wisconsin companies, Eragen and Prodesse, were among the first
in the world to produce a test for the SARS virus.
Five Wisconsin companies, including Harley-Davidson and Lands End,
made the Computer World ranking of the top 100 Best Places to Work
in IT.
Mentor Corp., a California company, announced it would open a
facility in Madison to develop proprietary botox products using UW
research.
Travelstar The list goes on. But so does the list of challenges. Surveys
released in 2003 by the Corporation for Economic Development and
the Progressive Policy Institute ranked Wisconsin fairly high for
producing ideas but back in the pack in terms of turning those
ideas into jobs. At this months eForum in Milwaukee, Ross DeVol of
the non-profit Milken Institute told much the same story, but he
also credited Wisconsin for systematically attacking its
problems.
Gateway Wisconsin technology had a good year. But it will take even
better years in 2004 and beyond to put the state on a bigger
map.
Laptop Parts _____
Still is president of the Wisconsin Technology Council. He is the
former associate editor of the Wisconsin State Journal in
Madison.
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