Obama & Tech
Two interesting articles you should check out concerning Obama and technology. First from John C. Dvorak who writes about his ideas on how Obama can save the computer scene.
1) New focus on R&D with emphasis on tax cuts & investment,
2) Repeal Sarbanes-Oxley:
Sarbanes-Oxley makes it nearly impossible for an American start-up to make a public offering and survive it. Designed to curb the excesses and crookedness that lurked behind the Enron scam, MCI, and other financial catastrophes that took place in the early part of the decade, this law contributed to the out-and-out financial meltdown we are now witnessing. And how did it benefit anyone?
What Sarbanes-Oxley has done is add an outrageous reporting burden, which costs an estimated 4 percent of revenue to implement. All American corporations are immediately put at a disadvantage to the tune of 4 percent off the top. And what’s the point of these new requirements? Simply to get accounting firms off the hook for cooked books or criminal activity. It has nothing to do with protecting the public, just protecting the accounting firms.
Venture capitalist Tim Draper once told me that a company has to make $300 million a year to be able to afford the overhead required to comply with Sarbanes-Oxley. Less than that and public corporations just bleed to death.
The second article is from Wired: Can Obama Really Reboot the White House that looks over the hurdles that will face Obama’s pledges to bring tech to the administration.
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