U.S. Could Lose Tech Edge, TechNet Warns

[David Farber <dave () farber net>]

------ Forwarded Message
From: Dewayne Hendricks <dewayne () warpspeed com>
Reply-To: <dewayne () warpspeed com>
Date: Thu, 10 Mar 2005 23:28:56 -0800
To: Dewayne-Net Technology List <dewayne-net () warpspeed com>
Subject: [Dewayne-Net] U.S. Could Lose Tech Edge, TechNet Warns

U.S. Could Lose Tech Edge, TechNet Warns
  By  Roy Mark
  March 8, 2005
<http://itmanagement.earthweb.com/cio/article.php/3488476>

WASHINGTON -- The nation's top technology executives, led by Cisco's
John Chambers and venture capitalist John Doerr, took Capitol Hill
today with a unified message for lawmakers: the United States is in
danger of losing its competitive IT edge.

  Chambers and Doerr are co-founders of the five-year-old TechNet, a
150-member network of CEOs and senior partners organized to lobby
Washington on national technology issues. After holding a series of
summits throughout the country last year, TechNet drafted an
"Innovation Policy Agenda" to present to lawmakers.

  "Just because we led before doesn't mean we'll lead in the future.
Now, more than ever, we need tools and capabilities that allow us to
lead on this global basis," Chambers, Cisco's president and CEO, said
at a National Press Club early-morning media briefing.

  Rick White, TechNet president and CEO, said the organization's
findings after the regional summits prompted TechNet to issue and
promote its new innovation agenda.

  "What was abundantly clear from discussing the critical innovation
issues with leaders from all over the country is that this is no longer
an academic debate," White said. "Innovation and competitiveness are
real issues now for the United States. And, they are affecting jobs and
our economy right now. TechNet's Innovation Policy Agenda is not a
white paper to ponder -- it's an action-oriented wake-up call."

  The new report focuses on old issues: U.S. math, science and
engineering education lagging behind other countries; attracting and
retaining the world's best innovators; continued concern over America's
lagging broadband deployment; cyber security, research and development
investments; and the looming June deadline for corporations to expense
stock options.

  "The countries that create the best environment for innovation will be
the economic powers of tomorrow," Doerr, a partner at Kleiner, Perkins,
Caufield & Byers, said. "Look at the last 10 years for evidence. High
technology represented less than 10 percent of the overall economy, but
the industry drove more than 25 percent of overall economic growth."

[snip]


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