Intel CEO says Asia must invest more in information technology for growth
Article Abstract:
Asia risks long-term economic stagnation unless it boosts IT investments, according to Andrew Grove, Intel's chmn and CEO. Grove plans to present his argument today to senior Asian officials at the Asia-Pacific Information Technology Summit meeting in San Francisco. Public data and Intel reports indicate that Asian nations allocate approximately 1% of their gross domestic product to computers and telecommunications equipment on average, according to Grove. By comparison, the US and some European nations invest two or three times that amount. The investment disparity will ensure widening of the gap between Asia and the US and Europe, Grove said. Some analysts disputed Grove's position, saying investment quality matters more than investment quantity. Others said that Grove's views, if correct, still tend to generalize a diverse region. Grove is an adviser to the 18-nation Asia-Pacific Economic Cooperation forum, a trading group that includes Thailand, Malaysia, Indonesia and Japan.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Looser controls sought on cryptographic codes
Article Abstract:
Proponents of enhanced computer security hope that strict Defense Dept restrictions on the export of encryption software will be eased now that high-technology enthusiast Bill Clinton is in the White House. The export rules chiefly hurt US companies trying to compete overseas, proponents of loosening the restrictions say. Both Apple and Microsoft want to include powerful encryption features in future versions of their respective operating systems for PCs. AT and T is reportedly developing a small device that will retail for less than $500 and make eavesdropping on telephone calls practically impossible. The Software Publishers Assn is taking a lead role in lobbying for relaxed export restrictions.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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