Oct 30 2008
Bluetooth, Buckyballs, and GPS
During the tech stock craziness of the 90’s, one or two prescient financial newsletter writers discussed bluetooth and how it would revolutionize the electronic industry. They correctly predicted that any company using this new technology would be moving in the right direction. How right these writers were. Bluetooth technology now seems to be everywhere.
Such is the case with the Global Positioning System (GPS) technology. In this case, many people use it for hunting, hiking, traveling, etc. There even is a game in a park near our home where people can have a GPS scavenger hunt. Investors who want to be in on this kind of technology need look no further than at Trimble Navigation, LTD (TRMB) for the patents on this important technology. That’s the kind of news a good investor would find quite useful. And guess what? It’s selling fairly cheap right now as are many good stocks.
While innovations appear constantly, none probably will affect our daily lives more than Buckyballs, the newest material formed from the most recently discovered form of carbon. Using a geometric shape of adhering the atoms, the strength of the material is believed to be stronger than the strongest composite steel. It’s conductive properties make it perfect to protect planes from lightening strikes, and the ways in which this material can be used is not even fully comprehended at this time. Speculation has it that it might even be able to be made into airplanes themselves, making planes lighter and more fuel efficient.
So what does bluetooth and GPS have to do with Buckyballs? Well, consider how that both bluetooth and GPS started sometime within the past thirty years. If you had known about the companies that created these fine innovations, wouldn’t you have wanted to know how to get in on the ground up? In order to do that, you need to first know of the invention, then be aware of the advent of a new company selling this valuable product.
Investors need to know when the time is transitioning from the buggy whip to the car. It simply does no good to invest in technology that is on its way out; rather get in on the new! I’ll be watching more about the buckyball technology, the company that may come of it, and folow this amazing new invention that will change the world.