Technology Key to Ending Recession, Says Bill Gates
Gates believes that the software and IT revolution are still in their formative stages -- and that it's up to IT companies to join with the big drug companies to rebuild the markets and lend a hand to struggling education and communication systems.
Current Microsoft head Steve Ballmer argued that the Internet Revolution was only coming to half-time now. Ballmer also noted his belief that the current economic recession would not dry up the well of venture capital that the IT industry has relied on for years to finance its brightest innovations.
Ballmer noted that, even though many tech companies are making cuts and trimming costs, research and development budgets were being spared.
While we hope that Ballmer's right about the venture money not drying up, we do find it a little hard to believe that we're going to simply 'research' our way out of the recession. [From: Reuters]