Oklahoma Technology Commerce Network
Internet Newsletter
Issue #3
26th March 2003

Dear Oklahoma Technology Commerce Networker,

Welcome to the third issue of Oklahoma Technology Commerce Network News!

Thanks to Jeff Davis of Acorn Growth Companies for asking me to attend his Oklahoma Technology Executives recent meeting at DCA Services, Inc.  

Rick Nagel President of DCA Services spoke on the state of the telecom industry from his firm’s perspective. DCA’s parent company is Platinum Equity, ranked by BusinessWeek as one of the top ten holding companies for information technology businesses in the United States.

Thanks also to Mark Klein and Terri Nash-Marchant officers with the local chapter of the Association of Information Technology Professionals  for inviting me to their meeting at Fullnet corporate headquarters and to the people at Fullnet for a tour of their facility.

The new www.oklahomatechnology.com web site is nearing completion on the dot net platform and will be re-launched with the next issue.

Oklahoma Technology Commerce News

The following data is from research my partners and I recently conducted on all US publicly traded firms.

Walmart has 1,383,000 employees and has net income of $10,809 per employee.
Walmart’s Net Income/Sq.Ft.$3.88

eBay has 2,560 employees and has net income of $73,762 per employee.
eBay’s Net Income/Sq.Ft. $24.82

What implications do these net income per employee and net income per square foot ratios have on your business, if any?

Oklahoma Technology Commerce Network Commentary

THE CREDIT BUBBLE: OUR CURRENT DEBT AND DEFLATION STATUS … A CRUMBLING SITUATION.

Total Credit Market Debt rose to $31 Trillion

Trying to be paid off by a $10 Trillion Dollar economy

Household sector borrowing increased on average $71 billion per quarter during the first eight years of the nineties.(90-97)

During the past 19 quarters, average quarterly borrowings jumped to $138 billion per quarter.(98-01)

The last 2 quarters of 2002 were:$199 and 185 billion.(Q3/Q4-02)

*WE NOW NEED A 20%+ INCREASE IN WAGES JUST TO SERVICE THE DEBT AND NOT AMORTIZE IT.
*The 31 Trillion could be paid off if every company in America and every consumer had 5%of their revenue or income left over every month for eternity …then, it would take 62 years to pay off the principal. However, if you assume that all interest on loans was at 9%, then paying the monthly minimum would take 1,126 years to amortize the principal.
*Cash flows are not there for us to even pay off the monthly minimums. Evidence is the delinquency and bankruptcy rates and Debt to Revenue Ratios. American Bankruptcy Institute

Look for more comments in the next issue of Oklahoma Technology Commerce Network News on state government debt levels which are now at 12% of our entire nation’s GDP.


Oklahoma Technology Commerce Resources

Dig-It Magazine
The launch of a brand new niche magazine is always the signal that a niche has reached critical mass and size sufficient to market to.

Googlism
Find out what Google’s opinion is on any subject.

Alexa
Determine the traffic of any web site on the planet.

Oklahoma Technology Commerce Spotlight

None this month…

Feel free to contact me with any Oklahoma technology news, resources, suggestions or ideas you think would be of interest or benefit to the Oklahoma Technology Community.

Sincerely,
Tim Cohn

The Oklahoma Technology Commerce Network
405-842-0163


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