order to develop an investment strategy, a paradigm--a model of technology
change--is indispensable. Some
paradigms--such as the Gilder paradigm--are explicit and
investors, though, follow a technological paradigm without
knowing it. They respond to a consensus about technology implicit
the media, which is driven by fashion rather than insight.
a consensus paradigm, large breakthroughs are impossible. If
everyone expected the breakthrough, it would already inform the
market. Shrinking from technology analysis,
therefore, most investment letters seek little advances, incremental
gains, picayune profits, excelling the Dow or Standard and Poor's
by some modest margin. They seek new investment opportunities
chiefly by running computer programs through databases of financial
Informed by a systematic vision of technological
change, the Gilder team finds ascendant companies through legwork
and technical acumen in laboratories, entrepreneurial offices, semiconductor
clean rooms, optical engineering centers, and technological investigations
around the globe.
Formed in the 1980s, the first Gilder paradigm
was the microcosm:
microchip companies such as Texas Instruments, Intel and Micron and
equipment companies such as Applied Materials that appreciated by
orders of magnitude in the Personal Computer Revolution while scores
of personal computer companies went bankrupt.
The paradigm of the 1990s was the telecosm: the convergence
of fiber-optic-networks and wireless communications. Ascendant
companies were Qualcomm, Ciena,
Corvis, Global Crossing, Globalstar, Texas Instruments, Xilinx,
Equinix, Agilent, and Corning. Building the new Internet
infrastructure, Telecosm companies incurred heavy debts and collapsed
in the crash
of 2000. Several died. But this painful setback gave alert investors
significant gains in the stock market when most of the companies
revived early in the new millennium.
The new millennial paradigm combines microcosm
and telecosm in a new cornucopian convergence of optical networks
and spectronic wireless. Its first fulfillment came in
Asia, in South Korea and China. The Asian advances have been
for subscribers in Gilder Technology Report issues. Some ascendant
have tripled or more during 2002 and 2003.
Joining them in 2004 and 2005 will be a set of
companies currently in stealth or preparing for IPOs. This next
generation of paradigm players promises advances that will change
landscape of optical, electronic and computer technology. They
will be the focus of the next few years of Gilder Technology
miss these exciting technological changes--subscribe today!
Gilder, Editor in Chief of Gilder Technology Report,is
Chairman of Gilder Publishing LLC, located in Great Barrington,
is also a Senior
Institute where he directs Discovery's program on high technology
and public policy.
Born in 1939 in New York City, Mr. Gilder attended Exeter
Academy and Harvard University. At Harvard, he studied under Henry
Kissinger and helped found Advance, a journal of political thought,
which he edited and helped to re-establish in Washington, DC after
his graduation in 1962. During this period he co-authored
(with Bruce Chapman) a political history, The Party That Lost Its Head .
He later returned to Harvard as a fellow at the Kennedy Institute of
of the Ripon Forum . In the 1960s Mr. Gilder also served as a speech writer
for several prominent official and candidates, including Nelson Rockefeller,
Romney, and Richard Nixon.
In the 1970s, as an independent researcher and writer, Mr. Gilder began an
excursion into the causes of poverty, which resulted in his books
Men and Marriage (original
version 1972) and Visible Man (1978); and hence, of wealth, which led to
his best-selling Wealth and Poverty (1981).
Mr. Gilder pioneered
of supply-side economics when he served as Chairman of the Lehrman Institute's
Economic Roundtable, as Program Director for the Manhattan Institute,
and as a frequent contributor to A.B. Laffer's economic reports and
page of The Wall Street Journal. In the 1980s he also
consulted leaders of America's
high technology businesses. According to a recent study of speeches,
Mr. Gilder was President Reagan's most frequently quoted living author.
In 1986, President
Reagan gave George Gilder the White House Award for Entrepreneurial Excellence.
In 1996 he was made a Fellow of the International Engineering Consortium.
investigation into wealth creation led Mr. Gilder into
examination of the lives of present-day entrepreneurs, culminating
articles and a book, The Spirit of Enterprise (1986).
The book was revised and republished in 1992. That many
of the most
current entrepreneurs were to be found in high technology
fields also led Mr. Gilder, over several years, to examine this subject
in depth. In his best-selling work, Microcosm (1989),
the quantum roots of the new electronic technologies. A
subsequent book, Life After Television, published first as
a Whittle Communications monograph and then published by W.W. Norton
and republished in 1994, is a prophecy of the future of
and telecommunications. This book is a prelude to his latest
book on the future of telecommunications, Telecosm (2000).
Mr. Gilder is a contributing editor of Forbes magazine
and a frequent writer for The Economist, the Harvard
Business Review,The Wall
and other publications. Over the past several years, he has dismissed
of the most touted new technologies—from HDTV and interactive
television to 3DO game machines and CD-I multimedia, from TDMA wireless
cellular compression to pervasive ATM (asynchronous transfer mode)
instead: All-optical networks, smart radios, Qualcomm digital wireless,
Stratacom frame relay, mediaprocessors, Netscape browsers, and Sun's
lives in Tyringham, Massachusetts, in the Berkshire Mountains,
where he is an active churchman, sometime runner,
and with his wife
Nini, parent of four children.
Here for the official George Gilder Archives at the Discovery Institute
Nick Tredennick is Editor of the Gilder Technology Report.
He is an advisor and investor in numerous pre-IPO startups and is
of technical advisory boards for several companies including Ascenium,
Impinj, QuickSilver Technology, Terakeet, and the Venture X Group.
He is on the editorial advisory board for several technical publications
including IEEE Spectrum and Microprocessor Report. He is an IEEE
representative to the Engineering Accreditation Commission (EAC),
which oversees university accreditation for all engineering programs.
He was a member of the Army Science Board for six years and is a
registered professional engineer.
was named a Fellow of the IEEE for his contributions to microprocessor
design. He has over thirty years experience in computer and microprocessor
design, holds nine patents, and has more than fifty technical publications,
including a textbook on microprocessor design (Microprocessor Logic
Design). He was a Senior Design Engineer at Motorola, a Research
Staff Member at IBM's Watson Research Center, and Chief Scientist
at Altera. Dr. Tredennick did the logic design and microcode for
Motorola's MC68000 and for IBM's Micro/370 microprocessors. He has
taught at the University of Texas at Austin and the University of
California, Berkeley. He has been a founder of several Silicon Valley
T. Swanson is Executive Editor of Gilder Technology Report
and a senior fellow at Seattles Discovery Institute. In
his four-plus years at the GTR, Mr. Swanson has written about
last-mile broadband technologies, 3G wireless, free-space optics,
network processors, and advances in analog electronics. In 2001 he
created the Friday Letter, a weekly e-mail update including
the weeks technology news and special features on technology,
economics, and politics, that now reaches more than 150,000 readers.
He also writes frequently on technology and economics for The Wall
Street Journal editorial page. Currently he and George Gilder
are finishing a book on the world economy, heavily focused on technology
in Asia. Previously Mr. Swanson was an economic aide to Jack Kemp
at the supply-side think-tank Empower America, where he researched
and wrote about tax, monetary and trade policy as well as high tech
issues such as encryption, telecom deregulation, and Internet taxation.
He studied economics at Princeton University.
today and claim your free reports!