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Show THE WALL STREET JOURNAL VVSJ.com THE WEEK OF FEBRUARY Whats News- - 2002 11, 2002 Dow Jones & Company, Inc. All Rights Reserved. Tech Ideas Thrive Despite Market In Business and Finance Digital Camera Shakeup, Balloon for Cellphones c Economists Raise Outlook for 2002 Economists are becoming more optimistic about the outlook for Leading the Fields How would you rate the honesty and ethical standards of people in these different fields? 2002. PERCENTAGE According to Blue Chip EcoIndicators, a monthly newsletter that tracks the consensus of 52 business economists, forecasters now expect the economy to in 2002. Last month, grow 1.5 these economists predicted 1 growth. It was the first time in 11 months that they increased their forecast. If these economists are right, the growth rate would still be well below the robust 4 rates that marked the late 1990s. But the recent upward shift in expectations is still meaningful, not only for Wall Street but for Washington. For example, it means policy makers in Washington are substantially more pessimistic than the private sector is about the economic outlook. In its budget released last week, the Office of Management and Budget predicted 0.7 growth in 2002. The Congressional Budget Office predicts 0.8 growth. nomic Lay Keeps Mum, Board Members Quit The former chairman of Enron Corp. told Congress he feels profound sadness at his companys collapse. But after swearing to tell the Senate Commerce Committee the truth, Mr. Lay declined to answer any questions from the panel, asserting his Fifth Amendment rights under the U.S. Constitution against Mr. Lays decision clearly frustrated lawmakers. The senators annoyance was compounded later when a top Enron investigator said at the hearing that notes of a recent interview with Mr. Lay had been destroyed. Enron board member William Powers, who led an examination of the companys controversial partnerships, said the raw notes of the Lay interview were discarded after being compiled in a single memo. Meanwhile, the company announced the planned resignations of six board members, including four who served on its highly criticized audit committee. An internal report released by a special board investigative committee earlier this month chastised the audit panel for reviewing Enron's, now transinfamous actions in only a cursory way. people the sour think market and 90 U.S. military at Show By Don Clark OF PEOPLE ANSWERING "HIGH" OR 'VERY HIGH" Firefighters dot-co- slowed technological Some 81 a typical digital camera works: goes through a lens and hits an image sensor composed of many . cells called pixels. Each pixel has a single light detector, with a filter allowing it to capture either red. green or blue. ,.v This checkerboard pattern of a third only captures the color that hits the sensor, so How How Foveon's technology works: goes through the lens and hits a Foveon image sensor chip Pixels on the chip have detectors located at different depths m light the silicon, able to detect red. green and blue Because each pixel can detect ail three colors, the image is more accurate, and there's no need for extra processing chips Light Light X3 err o sJ despite a significant Policemen Medical doctors 66 64 Clergy 60 Engineers Accountants Journalists 29 Congressmen Labor union 25j 17 leaders Car salesmen Make Debut Foveons Camera Breakthrough 8j Source- Galluo Poll. Nov. 2001; listed as in survey question professions Nokia, Samsung Lead Ailing Sector In the worst year in the history of the mobile-phon- e industry, Nokia Corp. and Samsung Electronics Co. were the only e mobile-phonmakers to both gain market share and make money during 2001, according to new research. Market leader Nokia lifted its share of global shipments to 36 from 31 in 2000, while still maintaining an operating margin of 20, according to figures collated by Strategy Analytics. (Nokia puts its 2001 market share at 37. ) The Boston research fum estimated that Samsung achieved an operating margin of 15, while boosting its market share to 7 from supplier making it the third-largeMoin 2001, behind second-plac- e other Most Inc. torola leading handset makers lost money during 2001, according to Strategy Analytics. in venture-capita- l funding, and spending cuts by big corporations, scientists and entrepreneurs are still improving hardware, software and technology-base- d services at a frantic rate. New evidence was expected to emerge this week in Phoenix, at an annual conference called Demo that helped launch many Internet-base- d companies in the 1990s. Though some exhibitors from past shows are no longer in existence, there is no shortage of business Photo sensor cross section Source cameras. ArrayComm Foveon Inc. says it has achieved a breakthrough in digital photography, one that could dramatically improve picture quality while changing the industrys economics. Foveons chip technology, which captures images more effi- ciently than existing digital cameras, is expected to make possible multipurpose devices that take y still and video im- ages. Eventually, some cameras with chips made by Foveon, Santa Clara. Calif., could cost less than conventional film company founded by cellpioneer Marty Cooper, is touting a future wireless network that exploits special antennas to send data at one million bits a second 20 times faster than the cellular system known n as 3G. Linden Lab, a San Francisco start-u- p backed by software pioneer Mitch Kapor, has an idea for a kind of animated online world that consumers help create. Paid subscribers will design their own appearances, mass-mark- 5, living spaces, and social and economic rules to play by. PrivaSys Inc,, also of San ' ..v Inc., a San Jose, Calif., phone ideas this year. Among them: bott Illustration the company h Q by Newman Photo sensor cross section HuhThe Wall Street Journal Francisco, has created a credit card with a tiny display and buttons that can consolidate multiple ile credit and debit cards into using existing devices in stores and restaurants. Space Data Corp., of Chandler, Am., is exploring the possibility of floating specially equipped weather balloons to bring wireless communications to remote areas. Evolution Robotics is working on a operating system for robots, solving problems such as machine vision and navigaone-wh- special-purpos- tion. Recent history has not been kind to such start-ups- . Indeed, as money from private investors and Please turn to Next Page S; , Between Friends, $6 Million an Episode The hit comedy Friends, the show on television, will return to NBC for one more season m a deal that will pay each of the six stars about $1 million per episode, people familiar with the situation say. That represents a 33 increase from the S750.000 per episode salary the cast has earned the past two .J ftllegeJournal.com Please turn to Next Page from THE What You Need To wall street journal. Succeed Thousands of timely articles, salary tables and tools, plus 30,0004- jobs at the nations hottest companies. - Be successful in class and your career with The Subscribe today! Visit THE Walt Street Journal subscrlbe.wsj.comstudent WAT1I1 in print and online. or call STREET JOURNAL. 2002 Dow Jones & Company, Inc. All Rights Reserved. DOWlQNrS |
