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Friday, May 20, 2005
(Via The News.com)The 33rd annual showcase of leading and up-and-coming technology businesses saw the spark of an entire crop of young private companies that boast promising technologies and stable businesses, said Christina Morgan, vice chairman of JPMorgan Chase. The private company room looked so impressive with the size and growth rate and the experienced management teams at these companies.At this year's event, JPMorgan hosted an unusually large collection of private companies in sectors from consumer Internet to biometrics, grid computing and radio frequency identification. Some of the private companies presenting included Merchant e-Solutions, which provides online payment services for banks and other businesses; the online concert and sports ticket marketplace Stubhub; and Purcell Systems, which makes cabinets to store telecommunications and power equipment inexpensively in towers and office buildings. Several of these business models recall the Internet start-ups of six years ago. Now, with a larger and confirmed base of Internet and enterprise consumers hungry for better services, the investment establishment is receiving these businesses with quiet confidence rather than hype.
Category: Emerging Trends |
|Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld