This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Obama's Other Running Mate: Tech

President-elect Barack Obama already is beginning to lay the groundwork for changes in the landscape for technology in this country.

Obama's agenda was spelled out in his technology platform during the presidential campaign.

From the creation of a chief technology officer to an ambitious electronic medical records plan, he is seeking to renew Washington's focus on technology.

There is plenty of speculation over who will become the country's first chief technology officer. The cabinet-level position will help federal agencies implement the latest technology tools and practices and will serve as a link between government IT and the wider tech sector.

Media reports suggest Google (GOOG) CEO (and vocal Obama supporter) Eric Schmidt, Internet guru Vint Cerf, and former Federal Communications Commission Chairman Reed Hundt as possible candidates.

Cerf, Google's chief Internet evangelist, recently threw his weight behind Obama because of the president-elect's commitment to net neutrality, while Hundt served as a proxy for Obama in a key debate on technology issues during the campaign.

Other potential candidates identified by the media include Amazon (AMZN - Get Report) CEO Jeff Bezos, Princeton computer science professor Ed Felten, and even Microsoft (MSFT - Get Report) CEO Steve Ballmer.

A Washington insider such as Hundt would bring a high level of regulatory and political expertise to the CTO's role, while Schmidt and Bezos could use their experience with cutting edge technologies to bring information technology in the federal government into the 21st century.

Whoever becomes chief technology officer, Silicon Valley is expected to have the ear of the president during the coming years. Employees at Microsoft and Google were amongst Obama's top campaign contributors, according to research from the Center For Responsive Politics.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMZN $382.72 -0.49%
ATHN $123.87 -2.23%
EDS $1.56 -0.70%
GOOG $573.37 -0.05%
HPQ $34.19 -1.10%


DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs