Not a Place to Put RG’s Piggy Bank Money or David’s Shareware Money
December 6, 2008
Once in my life, quite a long time ago, I had a clever and perceptive investment idea. I spotted a computer innovation that I knew would be hot. I made some money, though not nearly as much as I might have, for many reasons.
The innovation was called the “Zip Drive.” It was released by a small company at the time that was almost broke: Iomega Corporation.
The following is not an investment recommendation. I repeat: I am not giving anyone advice.
It is a new technology that sounds very interesting. To begin with, I don’t understand it. (I did understand the Zip Drive fairly well, just for starters.)
It is a new electronic device, invented by Hewlett-Packard, called the memrister. The hype claims it replaces the transistor. For all I know, it could be The Next Big Thing or it could be the next biggest joke since cold fusion. As far as I know it is not gay and it does not lead to abortions.
“HP labs has created the final circuit element. It is called the memristor… and it has the potential to replace the transistor!!! Think about how much money the transistor rakes in. What doesn’t have one of those now a days? If HP takes advantage of this, they will be huge.”
A technical site provides enough calculus equations and electronic circuit diagrams to fry most people’s brains.
Another caution: Xerox invented the original “graphic interface” (leading to the Macintosh and Windows). Xerox never took it anywhere useful or profitable. Apple, a small company, made it popular, then Microsoft, a big company made it REALLY big. So you never know how these things will develop.
Hewlett Packard is a large, experienced company with deep pockets. Whether they can run successfully with the memristor…who knows?
Economic depressions are supposed to lead into the “creative destruction” of capitalism leading to great new things. By the way, can I interest you in a bridge in Brooklyn?