These two tracks feel painfully obvious to me.
I believe more than anything that, come 2013 -- or sometime in this decade (!) -- this will dawn on more than a few companies. Plenty of companies, particularly in tech and retail are struggling. Across spaces they're fighting to cut through, in a world that's changing faster than ever thanks, primarily, to mobility. They see what's going on around them; they can no longer sit still.
These things do not occur in some vacuum of isolation. They're connected, even if in some philosophical sense.The same old, same old of Ballmer no longer flies. Hiring retreads (in the sense of recycling the same old NFL coaches) like Whitman doesn't work anymore. Bringing in consultant CEOs like Joly -- not smart. We need more Marissa Mayer hirings and more smart men such as Hastings and Pincus to step back and do the right thing by their employees and shareholders. If we don't see this vision start to take place in 2013, I'm afraid the tech space -- outside of a handful of big companies, recent IPOs and tiny startups -- will continue low on innovation and light on inspiration. Follow @rocco_thestreet --Written by Rocco Pendola in Santa Monica, Calif.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV