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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Where's That Tech Czar Obama Promised?

Stocks in this article: GOOG MSFT AAPL

Despite the recent slew of appointments to Barack Obama's administration, there is still no sign of who will drive the president-elect's ambitious tech agenda.

With Obama's inauguration just 11 days away, it is unclear who will fulfill the role of government Chief Technology Officer (CTO), a newly created cabinet-level position pushing the president-elect's bold IT plan.

The CTO, who will arguably become the most powerful geek in the world, will be responsible for dragging U.S. government IT into the 21st century, as well as delivering on Obama's promise to boost the tech sector.

The tech-savvy president-elect has a big technology agenda, including a $10 billion project for electronic health records, modernizing public safety networks, and making America the world leader in broadband penetration and Internet access.

Despite rumors that the CTO would be unveiled earlier this week, there is still no sign of the tech czar, although speculation is rife about who will assume the role.

The media has touted everyone from Amazon (AMZN - Get Report) CEO Jeff Bezos, to Internet guru Vint Cerf and even Microsoft (MSFT - Get Report) supremo Steve Ballmer for the role.

The blogosphere has even played up the credentials of Apple (AAPL - Get Report) media magnate Steve Jobs, albeit in a somewhat tongue-in-cheek fashion.

Google (GOOG) chief (and vocal Obama supporter) Eric Schmidt has also been cited as a possible Washington CTO, although the executive has since publicly stated his desire to stay with the Internet giant.

With sections of the media apparently craving a "rock star" to drive government technology, at least one expert hopes that Obama will opt for experience over public profile.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!


DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

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