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Principal Analyst, Founder, Chairman at Constellation Research, best selling author of several books with Harvard Business Review Press. Previously Founding Partner at Altimeter Group, VP at Forrester Research, and held Exce. positions at Oracle, PeopleSoft, Deloitte, Ernst & Young. Regular contributor to Harvard Business Review and well quoted in The Wall Street Journal, Forbes, Bloomberg, CNBC TV, Reuters, IDG News Service. Ray has thrice won the prestigious Institute of Industry Analyst Relations (IIAR) Analyst of the Year Award.

2 responses to “Monday’s Musings: Reflections On Obama And The False Hope For A Tech Halo”

  1. Scott Francis

    Ray, some how you’ve made strengths sound like weaknesses.
    1. Our universities attract the world’s brightest to attend our top-notch engineering programs. It turns out, typically other countries and companies in those countries typically don’t sponsor Art History majors. Just an observation. But you state it as if they are filling a need we can’t fulfill ourselves – supplying engineers. Our universities would not be in shambles without these students- quite the contrary, they have built up their capacity for specific majors on the basis of those students’ demand for those majors. And, just as a counterpoint, Stanford’s CS department saw a 41% increase in CS majors two years ago, and a 30% rise on top of that last year. This is undergraduate education – not dominated by imported talent, mind you. It is just one example… but it is so contrary to the mainstream hype that one wonders if it is the only one. Of course, what we’d really like to see is for the # of engineering majors (of which CS is just one) rise for many years to come at a more sustainable rate.

    2. Attracting skilled labor – you make it sound like we screwed up somehow 🙂 I challenge you to come up with the stats to support “the majority” of skilled labor pool being imported, but certainly extremely important contributions, in large numbers, come from first and second generation immigrants. Good! This is not, I’m afraid, a sign of what’s wrong. But of what’s right.

    3. The one thing I do NOT hear these days is that access to capital is a problem. I’m really surprised you think this is actually an issue, when many investors are complaining of an investment “bubble” (granted, there are plenty that argue against this point of view – but I haven’t heard anyone decrying the lack of available investment capital).

    Having said all that, I think your recipes for success are perfectly valid, and I support them. (Except for one thing: there’s no evidence that it actually matters who holds your debt. The amount of debt is a concern, who holds it is really not. )