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Terrence L. Ing
Last month, I traveled to Las Vegas to visit the world’s largest annual technology trade event, the Consumer Electronics Show (CES). My goals: Preview technologies and gadgets before they become mainstream, meet with corporate management teams and, on behalf of PIMCO clients, determine whether we are being fairly compensated when investing in investment grade (IG) bonds of technology companies, particularly those that are struggling with innovation or that have uncertain long-term technology paths. (Hint: Be careful.)
I came across a number of developing technologies (e.g., augmented virtuality, OLED TV sets, etc.), but didn’t see any particularly hot product category. I did see many old tech companies trying to launch “me too” products and disguise them as innovations.________________________________________
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