In the year 2000 there were several contributors to fashion apparel and accessories tends, things such as: political issues, economical conditions, trends, the re-used and recycled apparel and accessories, the change in color cycles, new and recycled textiles: fabric/fibers/finishes, designs and styles, major designers and competition, Technology/Mechanics, entertainers (celebrities), new movies and television, new house wears, macro environment, such as economy, politics, demography, and culture, and the handbag. These contributors all helped lead up to the products of 2000, the New Millennium.
The trends of 2000 basically followed the color cycle with the soft colors translating into the ‘Quiet’ trend which was very modern with skin and hair like textures. However Apparel trends were incredibly muted and soft for autumn where as more hard and edgy for winter. Whereas in the summer the trend had more of a clean, crisp, sharp and contemporary feeling. Some trends that stoop out were: country chic, ergonomic design. ghostly and mysterious looks, more of a feminine and sexy style, the use of uncluttered shapes, and the Bohemian lifestyle or Hippy appearance. Other fashion trends that were very popular were tight black leather as well as the low hip slung jean. Denim left its mark as it was worn with everything, even other denim. Vintage designer jean also made a comeback. Prints such as leopard and snakeskin could be found on almost everyone at the awards as well as furs. Predictions of fashion were made in the 1930's thinking fashion in 2000 would look something along the lines of a dress that can be adapted for morning afternoon and evening, transparent net: said to "catch" the males, big hair, skirts disappearing entirely, canter leaver heels, woman is wearing the "electric belt" that will adjust to climate changes, women would wear an electric flashlight in their hair to find an honest man, and men would not be fitted with any pockets instead would be fitted with a phone, a radio, and containers for coins, keys, and candy. Infact the majority of the predictions were incorrect but a few things like the big hair, and canter leaver heels did procress into the future, not as soon as the year 2000 but now as a present time, 2008.
Throughout the new millennium several eras of fashion were "reused and recycled". However designers still were able to put their own ‘spin’ on their lines while creating “a sense of confidence and optimism in the best of the collections that is infectious, resulting in a season that sparkles with the kind of color, embellishment, and upscale luxury we haven't seen for years.”(Mark Holgate) A few major trends/styles that were reused were the 80’s Logo, poke-a-dots, 80’s styling, 70’s style trouser suit for women, elegance, and the “Stable-ized Market” (horseback riding).
The textiles, fabrics, fibers, and finishes used in the year of 2000 were a sense of light weight fabrics, grainy effect, the use of metallic fabrics. Some main finishes of 2000 were: glaze, luminescent, blurred, baked and crisp, creased and distressed treatments, cracked and blistered effects translated onto leathers, nature-tech. The major fabrics used were, re-worked traditional tweeds, long-haired pony hide, vinyl and rubber for accessories, fake fur, coated linen, linen blends, cotton, cotton blends, ecological wool, wool blends, silk blends, velvet, denim, colors woven, indigo, and metallics. In 1998 the main fabric was hemp and it did not make the same populatiry affect in the year 2000.
Both Spring/Summer and Autumn/Winter focused on colors inspired by nature, warm, natural colors and also focused on delicate colors which carried on the year 2002 with the continuance of neutral colors, a few bright colors being used for mostly accessories. The forecasted color trends predicted in 1998 was said to be "Inspired by the anticipated sights and sounds of the new millennium, the first season of the 21st century will bring new color harmonies into play," said Leatrice Eiseman, executive director of the Pantone Color Institute®. " In general, lighter colors are more naive and brights, while still expressing fun and whimsy, are more subtle in tone." The colors that transferred from 1998 to 2000 was predominantly cool colors to warm such as blues, greens and naturals.
The styling and designs for 2000 consisted of, winter focused on warmth, layering contrasting garment (mostly from the waist down), heavy gauge knits, longer length outerwear, streamline shape, drawstrings, detachable hoods, hidden pockets for wearable technology, slim cut suits, hand knit patchwork layered tops, wide cut pinstripe pant, wide-cut flat-fronted pants, rock & roll, urban, and vintage looks. The designs and styles carried over from 1998 were the sense of expressionism, a high-tech design, international style, and an organic looking style.
The major designers of 2000 fashion apparel and accessories were the famous Kenzo, Anna Sui, D&G, Louis Vuitton, Bottega Veneta, Dior, Jean-Paul Gaultier, Ralph Lauren, Celine, Fendi, Calvin Klein, Gucci, this list is not the limit to great designers of 2000, there are many more who contributed to fashion in the new millennium.
Handbags, clutches, purses, backpacks, luggage, etc. were a huge accessory must have in 2000. Bags with animal skins were a key look this year along with high-shine patents. A hot look that went down the runway this season was plastic. The season's focus was on glamour and sophistication. Bags varied in all sizes from hand-held, to shoulder strapped, to wrist strapped all the way up to a big luggage bags. The Luxury bag: “The success of the Fendi Baguette bag, which was introduced in fall 1997 and helped set off the current craze for accessories, is a case in point. Although the bags come in 100 varieties in fabrics like cashmere and embroidered satin, each one is handmade. Once a style sells out, it is not repeated. Prices range from $450 to $6,000. Some Baguettes have a six-month waiting list, and the hottest one for fall was a tapestry design, at $2,350.” Bags did not changed too drastically from 1998 to 2000 the major difference was the affects of culture.
It was a big year for entertainers in the year 2000 with the Olympics, new movies and television. The celebrities led fans into new trends as seen at the VH1 Vogue Fashion Awards. Celebrities were taking trends to the next level. Artists such as Pink and Gwen Stephanie made dying your hair pink the fashionable thing to do while other artists choose to simply shave their head bald. Exposing yourself was also taken to the next level. Jennifer Lopez showed up in a green Versace that had a plunging V- neck (another trend that most celebrities wore) and exposed a lot of leg. However that was modest to Celebrity Little Kim who showed up on a Purple body suit with one breast exposed covered only by a nipple flower.
Music that was popular in the Year 2000 included artists such as N Sync with the number one selling album No Stings Attached selling almost 10 million copies, Eminem, Brittney Spears, and Creed came in 2nd, 3rd, and 4th. Napster was created by Shawn Fanning in 1999 and began the sharing of Mp3’s. Concerts of the year 2000 included Tina Turner’s farewell concert, NSync, Dave Mathews band, KISS with a farewell tour. It was also a slow year for country music however, Tim McGraw, Faith Hill, and the Dixie Chicks came in 5th and 6th selling concerts. Bruce Springsteen and E Street Band, Crosby, Stills, Nash and Young placed 7th and 8th. Metallica and Britney Spears took 10th at the 40 million mark. Fans spent over 1.7 billion to see there favorite acts in concert just this year, however, there was an economic slow down increasing ticket prices.
Sports played an important role influencing people to root for their favorite teams as well as countries in 2000 as annual world cups, PGA tours, Olympics and other sports events took place. Tiger Woods made the sport of Golf exciting when "became the first golfer to win nine PGA titles in a year since Sam Snead won 11 in 1950; the second ever, after Ben Hogan in 1953, to win three professional majors in a single season; and, at 24-years-old, the youngest of five golfers to complete a career Grand Slam (Greene)." He also finished 12 under par at the U.S. Open. John Rocker who played baseball for the Atlanta Braves was fined $5,000 for poor pitching. He yielded 25 walks in 18 and 1/3 innings. Raven Linebacker, Ray Lewis was involved in a fight resulting in two deaths. He was fined $250,000 by the NFL and then later faced charges when he struck Donald Brashear in the head with a stick, resulting in a 1 year suspension in the NHL. The Yankees Beat the Mets in 5 games in the New York-New York World Series. "Derek Jeter won his fourth ring and became the first player to claim World Series and All-Star Game MVP awards in the same season (Greene)."The Lakers beat the Pacers in 6 games leading to Jackson's 7th NBA Championship ring. (Greene)
The Olympics took place in Sydney Australia in the year 2000. However due to a 15 hour time difference live coverage was lacking. The U.S team won 97 Gold metals, Marion Jones was celebrated as the fastest women in the world, winning 3 gold’s and 2 bronze metals. The Bulgarian team was caught in a doping scandal, Andreea Raducan of Romania was striped of the gold when she was caught using banned substances, Ian Thorpe from Australia came away with 4 medals and Steven Redgrave from Great Britain took home the 5th gold in 5 years of Olympics. Lance Armstrong came back after battling testicular cancer in 1999 to compete in the 8.44 mile, 7.9 % gradient climb of Mount Hautacam. Armstrong also brought back a bronze in the Sydney Olympics. Venus Williams "won 35 straight matches and six straight titles, including two Olympic gold medals and her first two Grand Slams, Wimbledon and the U.S. Open." She also became the first black women to win Wimbledon since Althea Gibson in 1958. France beat Italy in the World Cup earning France a spot as one of the best teams of all time. (Greene).
As celebrities are idolized for their sense of fashion it is only natural that their fans will follow their trends. The belly shirt made popular by teen sensations, Britney Spears and Cristina Aguilera became a must have for the girls that were able to pull it off. Britney Spears also influenced the “Britney Pant” which was a low rise back zip stretch flare that was usually decorated with sequins, metallic sheens, or satin. Her style influenced dressed to be made of silks and satins, with ruffle detail, wrap and layered effects. She also influenced an appeal for trashiness. Fans could be found in studded Denim, cut-up t- shirts, hot pants, and sunglasses.
Other influential celebrities could be found on television. Sarah Jessica Parker and her fellow leading ladies could always be found wearing new stylish looks. The show has not only been due to the entertaining storylines but also the character's amazing wardrobes, which are having an impact across the globe. Carrie's (Sarah Jessica Parker) wardrobe is certainly one to watch, adore and die for. The petite, ballerina doll style, with delicate details of lace trimmings, capped sleeves and washed tulle, layered under skirts, ballet pumps could also be ideal for a more relaxed version, or for nights on the town, dress up with black tights under glittery gold heels.
As to why celebrities dress so well is due to their managers and make up crews. Celebrities are idolized because people want to relate to an image. Designers see a celebrity and see an opportunity to advertise their newest fashion lines. They are dressed by the industry and sometimes to the extreme. People write about them when they dress poorly and when they dress the best. They are constantly under the scrutiny of the public and have higher reviews when they follow the trends they are given. All maintain their own individual image but are also given creative direction.
For house wears the leading trends from 1998 showed a tendency for simplicity and modernism with a vintage flair with color trends based around neutral and muted colors such as dark blues and grays. This idea was mirrored also in architecture and home furnishings. Furniture was streamlined and functional rather than being frivolous.
These simplistic styles are interesting going into the year 2000 where the ability of home furnishings to flash and dazzle was desired. Fabrics with patterns and ornamentation became very popular. These decorative fabrics were used in conjunction with ornate furniture styles and embellishments such as sequins, beading and metallic. The literary world had a tangible affect on the home furnishings industry with the popularity amongst youngsters of the first Harry Potter book released in the U.S. in 1998. In the year 2000 a line of furniture was released modeled after the room furniture In Hogwarts School or Witchcraft and Wizardry described in the first Harry Potter book. This collection included a four-poster “Hogwarts” bed.
Also in 2000, the e-commerce business took off. More and more companies joined the rush to offer their wares online to the largest available market. however there were existing problems include things such as slow computer downloads and security issues which hindered e-commerce. The furniture industry was no exception, although encountered plenty of problems. Customers were buying furniture without testing it, affecting consumer satisfaction. Not to mention shipping industries were not prepared to efficiently ship expensive and fragile things all over the world. This resulted in broken items, re-shipping, and issues with insurance on shipped goods and of course, consumer satisfaction. From the styles and trends seen in 1998, there was a major turn around to get to 2000.
Macro environment, such as economy, politics, demography, and culture etc., directly affect micro environment such as consumption, investment, business, and other daily activities. In 1998 and 1999 people were worried that the computer world would come crashing down with the inevitable event of “Y2K”. This encouraged consumers to conserve money and resources and only purchase things they needed. However, once the landmark year of 2000 had actually passed and the world didn’t end, people began to feel able to spend freely. This encouraged the markets to provide more fashion forward products and items and styles that were enhancing to a leisurely life rather than one dictated purely by necessity. However, an increased usage of internet lead e-commercial business grew rapidly. The bust of technological companies undulated stock market.
The political issues in the United States in the year 2000 involved the presidential election; the running was between George W. Bush and Vice President Al Gore. The big controversy was with the ballots and the several recounts in Florida between the Electoral College and Popular Vote. The result the new President was George W. Bush. However, the Presidential election did not steady investor, but add inquietude to people.
The economical conditions in the United States during the year 2000 were weak resulting in the overall apparel and accessory businesses to struggle with declining sales. The result of the economic recession was consumers were looking for values and savings, going from designer labels to a more casual and less expensive look. The drastic shift in consumer behavior caused improvement for discount mass but the opposite affect for the specialty boutiques and department stores. Consumers had to cut off their expenditure to prepare for worse situations. The Average household at the time spent $38045 in 2000, but less than 10% on leisure consumptions. Global trade of 2000 grew strongly, although oil prices soar. The foreign trade of US had positive progresses with China, but negative with EU. Along with increased imports from other countries, competitions of domestic market increased dramatically. Population aging and diversity gain more attentions in 2000.
Technology changed people’s lifestyle that surfing internet, digital music, and wireless (cell phone) became hot trends. Wireless companies are raking in billions of dollars and expect the 80 million cell phone users to double within five years. Apple introduces an array of fruity colored iMacs, and later, the tiny eight-inch Power Mac G4 Cube and the year 2001 marked the arrival of the very first iPod. Attractive qualities for computers in 2000 had been described using words like: “petite size and glossy acrylic” “elegant look” “distinctive” and “sleek” which formed a connection between apparel trends of 2000 and technology trends. Computer companies are trying to meet consumer demands by providing machines which save space (are compact) and are just as visually attractive as they are powerful. The technology and mechanics consumer had one theme or theory that I have found in a couple places in my research ties technology in with fashion.
More news breaking technology was the movement toward environment friendly cars, Hybrids, are becoming available because of the increased gas price scare, for example, the Toyota Prius was introduced in 2000. The popular car color in 2000 was silver creating a strong connection to colors in fashion apparel with the use of metallics. A socionmics analyst correlates the popularity of this color and the social optimism surrounding the stock market. Consumers in 2000 favored decorative styles, luxury, and excess. Some see this as a reaction to computer culture which is very cold, technical and drab. Cold and sleek is out, people are breaking free and embracing color and decoration. Not only for apparel, but also for computers themselves it seems.
Intellectual property rights rose tensions from public. With all this information provided forecasters a background that 2000 was an uncertain year. Prediction for the future was like a Science-fiction story but fearless. With technology, everything is possible. Technology advanced rapidly gave people confidence but anxiety at the same time. Therefore, a reminiscent mood and a desire of relaxation would occur soon in future. Unfortunately, 9-11 terrorism attack of 2001 shocked American deeply and inflicted heavy losses on the U.S. physically and emotionally. People tired of aggression, but long for a leisure and steady living environment badly. To fill these needs, designer created a soft vintage style for 2002’s collections; body trainers brought Yoga from India to relax the U.S; government promoted education to enhance employment that eventually stabilized society; movie industry created super hero’s to comfort and encourage American etc.
The conclusion of why this happened and did not happen was because when a nation is going down, people will look for old-good-comfort; when a nation is going up, people will look for new-innovated-creation. It’s similar when kids feel sad, they would run home to look for comforts for mom; when kids feel happy, they would celebrate for distinguish with peers. Of course, exceptions are always there.
Showing posts with label 2000's Technologies. Show all posts
Showing posts with label 2000's Technologies. Show all posts
Oct 12, 2008
Oct 11, 2008
Cell Phones - Availible to the Masses in 2000
-- As far as tech-stock watchers are concerned, Wednesday's joint wireless venture between Bell South and SBC couldn't have been timed better. Right when the death knell was sounding on the dot-com craze, wireless technology has emerged as "the new new thing," with new players popping up left and right and a host of IPOs on the horizon. Tech analysts say there are two trends driving the boom: Cell phones have finally come way down in price, making them widely available to the masses, and they will soon become much more versatile, offering a host of digital services. . . .
- (above) Cell phones have come down in price making them available to everyone
- Cell phone service expansion
This is all music to Wall Street's ears. Both Verizon (the joint Vodafone/Bell Atlantic venture) and AT&T Wireless have IPOs planned for the coming months that are expected to raise in excess of $10 billion apiece. Executives from Bell South and SBC say their venture could have a similarly huge Wall Street debut. What's more, industry experts expect the number of U.S. cell phone users (currently around 80 million) to double within five years. The cell phone market is expected to grow substantially this summer, when the FCC plans to auction off several billion dollars' worth of wireless licenses. Of course, there's a major downside to this boom — pretty soon, it seems, there will be absolutely no refuge from all that incessant cell phone chattering.
- Wireless companies are raking in billions of dollars and expect the 80 million cell phone users to double within five years
***See Complete Article:
http://archives.cnn.com/2000/US/04/05/phones4_5.a.tm/index.html
Introduction of the iPod
Apple Music Event 2001 - The First Ever iPod Introduction
The first iPod:
- Contains a rechargeable lithium-polymer battery
*most advanced - not even used in computers yet
- 5 Gigabytes, 1000 songs
- Size of a deck of cards
- Advanced charging capabilities
***See the video at: http://www.youtube.com/watch?v=kN0SVBCJqLs
Theories on Fashion Momentum and Technology Influences
Style Directives for 2000; Make It Extravagant
By ELIZABETH HAYT Published: January 2, 2000
“From art to fashion to design to architecture, visual culture at the turn of the millennium is spirited and seductive. People, paintings and buildings all seem to be dressed up.”
This 4 page article covers several areas:
A.Technology Influences on Fashion
*Not only for apparel, but also for computers themselves it seems. Elsewhere in my research I came across the introduction of the fruity colored iMac computers in this year which was seen as a break away from previous drab, beige, PCs (see Consumers’ Research Magazine post under “2000’s Technologies”). Both articles support the same idea.
B.Theories for the fashion movement and social context of the times
1) A denial of economic uncertainty:
“ ‘That is what may be happening now,’ Mr. Storr said. ‘It's all gangbusters. Spend it while you got it, and spend it with style. The bills aren't paid. The credit cards are maxed, but you look great.’ ”
''A lot of the preoccupation with ornament and splash today reminds me of the Victorians, because of the common fondness for excess, the grand gesture and ostentation,'' said Luc Sante, a writer who has been studying the ties between today's architecture and the Victorian period. ''Like them, we're having such a grand tormented or imperial time. I have a feeling that a lot of today's apparent confidence in the economy, the unbridled enthusiasm, is actually people shaking in their boots. When the bottom falls out, it will do that in a really big way. All of the extravagance right now is an outward manifestation of denial.''
2) Continued optimism from a stable past:
“others see [in the turn toward decorative styles] an upbeat response to the longest period of peace and prosperity the West has known in 100 years.”
3) Gender confidence (for women):
“Some equate today's decorative styles with a newfound confidence in being female. Valerie Steele, the museum's chief curator, said women no longer feel the need to wear power suits to be taken seriously, and men have accepted the fact that the opposite sex can wear flowers and lace and still wield authority.”
C. Current fashion in 2000, excesses in particular, including:
- Designer dresses “doused” in Swarovski crystals
- gold and silver metallic foils and decorations
- be-jeweled micro-miniskirts
- exotic skins (ex. python and ostrich)
- prints
- beads
D. Luxury bags
“The success of the Fendi Baguette bag, which was introduced in fall 1997 and helped set off the current craze for accessories, is a case in point. Although the bags come in 100 varieties in fabrics like cashmere and embroidered satin, each one is handmade. Once a style sells out, it is not repeated. Prices range from $450 to $6,000. Some Baguettes have a six-month waiting list, and the hottest one for fall was a tapestry design, at $2,350.”
***See complete article: http://query.nytimes.com/gst/fullpage.html?res=9802EFD61538F931A35752C0A9669C8B63&scp=5&sq=technology+style+year+2000&st=nyt
By ELIZABETH HAYT Published: January 2, 2000
“From art to fashion to design to architecture, visual culture at the turn of the millennium is spirited and seductive. People, paintings and buildings all seem to be dressed up.”
This 4 page article covers several areas:
A.Technology Influences on Fashion
- The article mentions how, “Some see in the turn toward decorative styles a reaction to cold, technological computer culture,” ''We all were in an aesthetic prison. Now, pleasure is a good thing.
It means more color. If you like oranges, go for it. Plush, indulgent, sensual materials are going on.'' Cold and sleek is out according to the author. People are embracing color and decoration.
*Not only for apparel, but also for computers themselves it seems. Elsewhere in my research I came across the introduction of the fruity colored iMac computers in this year which was seen as a break away from previous drab, beige, PCs (see Consumers’ Research Magazine post under “2000’s Technologies”). Both articles support the same idea.
B.Theories for the fashion movement and social context of the times
- Article gives a small handful of theories explaining the trend toward luxury and excess at the turn of the century.
1) A denial of economic uncertainty:
“ ‘That is what may be happening now,’ Mr. Storr said. ‘It's all gangbusters. Spend it while you got it, and spend it with style. The bills aren't paid. The credit cards are maxed, but you look great.’ ”
''A lot of the preoccupation with ornament and splash today reminds me of the Victorians, because of the common fondness for excess, the grand gesture and ostentation,'' said Luc Sante, a writer who has been studying the ties between today's architecture and the Victorian period. ''Like them, we're having such a grand tormented or imperial time. I have a feeling that a lot of today's apparent confidence in the economy, the unbridled enthusiasm, is actually people shaking in their boots. When the bottom falls out, it will do that in a really big way. All of the extravagance right now is an outward manifestation of denial.''
2) Continued optimism from a stable past:
“others see [in the turn toward decorative styles] an upbeat response to the longest period of peace and prosperity the West has known in 100 years.”
3) Gender confidence (for women):
“Some equate today's decorative styles with a newfound confidence in being female. Valerie Steele, the museum's chief curator, said women no longer feel the need to wear power suits to be taken seriously, and men have accepted the fact that the opposite sex can wear flowers and lace and still wield authority.”
C. Current fashion in 2000, excesses in particular, including:
- Designer dresses “doused” in Swarovski crystals
- gold and silver metallic foils and decorations
- be-jeweled micro-miniskirts
- exotic skins (ex. python and ostrich)
- prints
- beads
D. Luxury bags
“The success of the Fendi Baguette bag, which was introduced in fall 1997 and helped set off the current craze for accessories, is a case in point. Although the bags come in 100 varieties in fabrics like cashmere and embroidered satin, each one is handmade. Once a style sells out, it is not repeated. Prices range from $450 to $6,000. Some Baguettes have a six-month waiting list, and the hottest one for fall was a tapestry design, at $2,350.”
***See complete article: http://query.nytimes.com/gst/fullpage.html?res=9802EFD61538F931A35752C0A9669C8B63&scp=5&sq=technology+style+year+2000&st=nyt
E-Commerce and Technology in 2000
Has Technology Let E-Commerce Down?By Keith Regan
E-Commerce Times
Part of the ECT News Network
12/29/00 12:00 AM PT
For every e-commerce stumble, there have been times when promised advances in technology haven't been there to provide a needed soft landing.
- This 2000 article sees E-Commerce as a growing trend which may “become more of an economic force” in the future if technology will allow. The author mentions the current difficulties such as slow computer downloads and security issues as examples of things which keep E-Commerce from taking off.
As we head into 2001, several year 2000 issues remain unresolved. Most of all, e-commerce companies will continue to be watched for signs of real progress toward profits. At this point, no one expects the dot-coms that can't make it into the black to provide us with anything but memories.
However, it's also quite possible that e-commerce will further entrench itself into the social fabric and become even more of an economic force.
For that to happen, though, e-commerce is going to require help from the world of technology -- help that has been slow in coming so far.
Who Needs Wires? In other words, e-commerce has made its own missteps. But for every stumble, there have been times when promised advances in technology simply haven't been there to provide a much-needed soft landing.
Where is wireless? It seems as if the entire year went by with a wireless use explosion said to be just around the corner. But the same technical drawbacks -- the tiny screens on cell phones, the turtle speed downloads, the security issues -- are still going to be in play in 2001.
- Technology has come far in the years since 2000, therefore catering to the growth of E- Commerce. This momentum is certainly something to keep an eye on as our team explores 2008 and makes predictions for the future.
Oct 9, 2008
Summary of the 2000
2000 was a year be surrounded by a lof of computer related issues. Stock market was very undulate and GDP grew slowly gives poeple a noncommittal forecast for future.
Year 2000 can be easily summarized. It was a bust. The stock market did poorly in January, which tends to indicate a bad year overall. But it wasn't until April before anyone realized it, and things got worse right to the bitter end.
It wasn't just stock prices that were under attack. So were computers and Microsoft.
The year marked the coming of age for more advanced computer viruses and routine hacker attacks on large sites.
Microsoft was in the news as the company most likely to be investigated. At the beginning of the year Microsoft Chairman Bill Gates hinted that if you hurt Microsoft, the entire economy would suffer. Everyone laughed until it happened. Since then everyone conveniently forgot about his comment. I suspect the old catch phrase "What's good for General Motors is good for the country" can be restated with Microsoft in place of automaker.
The year also saw the end of the annoying dot-com millionaire kids who had thought they were geniuses. In Silicon Valley, the talk is now about how so many of these folks are up to their necks in personal debt, having leveraged their paper fortunes.
It was the year of Napster, if you didn't notice. The music-swapping site introduced the world to copyright theft. And people loved it!
The year also saw its share of false starts for broadband computing services. A lot of people didn't care and those who demanded high-speed access found themselves waiting for service, only then to discover that the service wasn't that reliable. All the while the top companies pushing broadband, namely NorthPoint Communications of San Francisco and Covad Communication of Santa Clara, Calif., had nothing but financial trouble.
Because it has to be installed on an individual basis, broadband was slow to market. A proposed nationwide rollout of an asymmetric digital subscriber line standard called G.lite promised to eliminate that obstacle. This hoped-for standard was supposed to deliver up to 1.5-megabits-per-second with an off-the-shelf digital subscriber line (DSL) modem that you'd buy at CompUSA. It was highly promoted throughout 1999 and by the time 2000 came and went, G.lite turned out to be yet another overhyped technology with flaws. Meanwhile, one of the high-flying DSL companies, Copper Mountain Networks, which banked on G.lite DSL, found itself plummeting from a cool $125 per share, to $4.00 per share. Ooops.
And if you want to ridicule stocks that cratered, you can have a field day with this market. The charts are astonishing. It's like watching a fat kid do a belly flop. Many issues just shot straight into the tank. Take Stamps.com please! From a healthy $59 per share, it's now $2 and change. It has an interesting idea whereby you can print stamps on your local printer: A good idea that nobody seemed to care about. Losing $144 million in nine months on revenue of a paltry $9.9 million makes you shudder.
The year 2000 was also the year of the earnings warning. These warnings began in earnest with Apple Computer in September and continued, hammering the stock prices of any company that issued warning. The stocks didn't just trade down for a few days, they plummeted like nothing we've seen for decades. Apple was trading at $50 one minute, then $25 the next. Worse, most of these companies continued to slide. Apple is now at a miserable $14, down from a 52-week high of $75.
Even more amazing are companies that have deteriorated into pathetic penny stocks. EToys is selling for about 18 cents today, down from a 52-week high of $32. Some of its stock was traded at 3 cents recently. What a disaster. The worst is yet to come, I'm afraid, as eToys announced its slowed growth just in time to make shoppers leery of using the service. Does anyone want to risk buying from a company that is begging for mercy? Bad move.
No tech sector was spared. The most venerable companies were under pressure as dire predictions for a slowing business crept into the public consciousness. For the first time in nearly a decade, the enthusiasm of the PC business waned with talk of a post-PC era. In fact there was no compelling reason to buy newer PCs and people decided to keep their machines a little longer.
While computers were forgotten, the Internet was not, but talk of the new economy began to fizzle by December. The new business magazines were shrinking in size as the dot-com money spent on gratuitous advertising quickly dried up.
All this makes for a fairly depressing Christmas, at least in Silicon Valley. The ripple effect has not spread throughout the entire country, but it will shortly. Retailers feel that this Christmas is going to be seriously below expectations.
So is there any hope for the future? Of course, and next week I'll go into my prediction mode and discuss emerging
Read more:
from forbes.com
Year 2000 can be easily summarized. It was a bust. The stock market did poorly in January, which tends to indicate a bad year overall. But it wasn't until April before anyone realized it, and things got worse right to the bitter end.
It wasn't just stock prices that were under attack. So were computers and Microsoft.
The year marked the coming of age for more advanced computer viruses and routine hacker attacks on large sites.
Microsoft was in the news as the company most likely to be investigated. At the beginning of the year Microsoft Chairman Bill Gates hinted that if you hurt Microsoft, the entire economy would suffer. Everyone laughed until it happened. Since then everyone conveniently forgot about his comment. I suspect the old catch phrase "What's good for General Motors is good for the country" can be restated with Microsoft in place of automaker.
The year also saw the end of the annoying dot-com millionaire kids who had thought they were geniuses. In Silicon Valley, the talk is now about how so many of these folks are up to their necks in personal debt, having leveraged their paper fortunes.
It was the year of Napster, if you didn't notice. The music-swapping site introduced the world to copyright theft. And people loved it!
The year also saw its share of false starts for broadband computing services. A lot of people didn't care and those who demanded high-speed access found themselves waiting for service, only then to discover that the service wasn't that reliable. All the while the top companies pushing broadband, namely NorthPoint Communications of San Francisco and Covad Communication of Santa Clara, Calif., had nothing but financial trouble.
Because it has to be installed on an individual basis, broadband was slow to market. A proposed nationwide rollout of an asymmetric digital subscriber line standard called G.lite promised to eliminate that obstacle. This hoped-for standard was supposed to deliver up to 1.5-megabits-per-second with an off-the-shelf digital subscriber line (DSL) modem that you'd buy at CompUSA. It was highly promoted throughout 1999 and by the time 2000 came and went, G.lite turned out to be yet another overhyped technology with flaws. Meanwhile, one of the high-flying DSL companies, Copper Mountain Networks, which banked on G.lite DSL, found itself plummeting from a cool $125 per share, to $4.00 per share. Ooops.
And if you want to ridicule stocks that cratered, you can have a field day with this market. The charts are astonishing. It's like watching a fat kid do a belly flop. Many issues just shot straight into the tank. Take Stamps.com please! From a healthy $59 per share, it's now $2 and change. It has an interesting idea whereby you can print stamps on your local printer: A good idea that nobody seemed to care about. Losing $144 million in nine months on revenue of a paltry $9.9 million makes you shudder.
The year 2000 was also the year of the earnings warning. These warnings began in earnest with Apple Computer in September and continued, hammering the stock prices of any company that issued warning. The stocks didn't just trade down for a few days, they plummeted like nothing we've seen for decades. Apple was trading at $50 one minute, then $25 the next. Worse, most of these companies continued to slide. Apple is now at a miserable $14, down from a 52-week high of $75.
Even more amazing are companies that have deteriorated into pathetic penny stocks. EToys is selling for about 18 cents today, down from a 52-week high of $32. Some of its stock was traded at 3 cents recently. What a disaster. The worst is yet to come, I'm afraid, as eToys announced its slowed growth just in time to make shoppers leery of using the service. Does anyone want to risk buying from a company that is begging for mercy? Bad move.
No tech sector was spared. The most venerable companies were under pressure as dire predictions for a slowing business crept into the public consciousness. For the first time in nearly a decade, the enthusiasm of the PC business waned with talk of a post-PC era. In fact there was no compelling reason to buy newer PCs and people decided to keep their machines a little longer.
While computers were forgotten, the Internet was not, but talk of the new economy began to fizzle by December. The new business magazines were shrinking in size as the dot-com money spent on gratuitous advertising quickly dried up.
All this makes for a fairly depressing Christmas, at least in Silicon Valley. The ripple effect has not spread throughout the entire country, but it will shortly. Retailers feel that this Christmas is going to be seriously below expectations.
So is there any hope for the future? Of course, and next week I'll go into my prediction mode and discuss emerging
Read more:
from forbes.com
Oct 4, 2008
Computer Style and Consumer Values in 2000
- Article below touches on the aesthetics and stylishness of new computers in 2000. Whether this info. proves to be useful to our team or not, we will have to see.
STATE OF THE ART; Computers: Workhorses, Show Horses
By J.D. BIERSDORFER
New York Times
Published: November 16, 2000
. . .
For aesthetes who prefer a computer with a more elegant look, there are a couple of nice choices. Of course, Apple is the king of computer couture. The company's distinctive eight-inch Power Mac G4 Cube, which starts at $1,799, has been turning heads all fall with its petite size and glossy acrylic. (I have been thinking about getting a Cube since they came out, even if it means finding new homes for the trinkets cluttered on top of my current computer, which include a raven figurine from the Tower of London gift shop and my collection of vintage gum wrappers.)
The Cube runs the Macintosh operating system, which will become a lot more interesting when Mac OS X, which can handle everything from digital-video editing to word processing, comes out next year.
The stylish, 15-inch flat-panel Apple monitor will set you back another $1,000, but it would be a shame to use any other monitor with the distinctive G4 Cube. It would be like pulling a battered U-Haul trailer behind a Rolls-Royce. To make it more enticing, Apple is offering a $300 mail-in rebate for users who order a Cube and a monitor before the end of the year.
The Cube has a 450- or 500-megahertz chip and comes with 64 megabytes of RAM, but can also be configured with more RAM and other goodies.
PC makers have never been able to touch Apple on the design front, even with bulky, ugly, iMac lookalikes. But I.B.M. has taken an original stab at the all-in-one configuration with its NetVista X40i model. The compact system comes with a sleek 15-inch flat-panel monitor and integrated speakers, all in black, making the system one that Darth Vader and New Yorkers will love. The basic model starts at $1,800.
While the Apple G4 Cube is a functional objet d'art with serious computing power, the NetVista X40i is more of an unobtrusive desktop machine. It stands out because of its black finish, condensed design and flat-panel screen, but it is not the thing of beauty that the Cube is. You can, however, run Windows on it.
. . .
- Attractive qualities are described in this article using words like:
- I gather that computer companies are trying to meet consumer demands by providing machines which save space (are compact) and are just as visually attractive as they are powerful. I am curious to see if our team will find a consumer desire for space efficiency in our other topics or see consumers placing just as much value on aesthetics as they do functionality elsewhere in our research.
Sep 28, 2008
Consumers’ Research Magazine issues in year 2000
Consumers’ Research Magazine issues in year 2000 (Technology, Mechanics, and otherwise)
- Macs break the “mold of the drab beige PC” with colorful fruity computers.
- Energy crisis - gas prices rising to an expensive national average of $1.57
- Cars are being made with higher emissions standards, are less harmful to the environment. For example Volvo S80’s radiator coated with a chemical which converts smog into clean air.
- Safe Dietary Supplements ~ healthy diets, safe food and pills etc. seem to be a common issue in 2000
- Hybrid cars are becoming available, for example the Toyota Prius
- Flipping through year 2000 Consumer's Research Magazine articles not only gave me a peek at what was going on in the world of technology and mechanics at the time, but also a small window into the social context of year 2000.
- Macs break the “mold of the drab beige PC” with colorful fruity computers.
- Energy crisis - gas prices rising to an expensive national average of $1.57
- Safe Dietary Supplements ~ healthy diets, safe food and pills etc. seem to be a common issue in 2000
- Hybrid cars are becoming available, for example the Toyota Prius
- In my notes from the Consumer Research Magazines in 2000, I am seeing some of the very same issues we are seeing today in 2008. In particular, concern about rising gas prices, motion toward environmentally friendly cars, and healthy diet/food safety concerns. It will be interesting to see if we can trace the changes in these social concerns in other teams' information in the years between ours (2000) and the present.
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