The smartphone world is getting more interesting every day. In February, Intel announced a deal with LG. A few days ago, they agreed with Taiwan Seminconductors to manufacture a system-on-a chip design for Mobile Internet Devices. With huge overcapacity builidng up in the industry, companies will increasingly go for high-volume high-growth high-margin must-have devices. Since PC upgrades are stalling due to the crisis, increasingly, people are finding ways to get the job done using cheaper, but quite functional, smartphones. Applications are still lagging, though. Nevertheles we can see that the new breed of enterprise cloud services is entering the market. Even SAP is getting into the mobile app space.

It's hard to be optimistic these days, but I think hi-tech will lead us out of the recession. PCs did it in the 80s of the last century; smartphones will do it in the 10s of this one.

== a system evolution note: mass proliferation of a new Tool leads to emergence of new Sources, and later to Distribution and Control upgrade.