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SAN FRANCISCO, USA: In the midst of the credit crisis, many remain bullish about the mobile Internet. If the attendance of the Open Mobile Summit, taking place in just a couple weeks in San Francisco is anything to go by, there is still plenty of confidence in the sector.
Robin Batt, executive producer, said: "There's no doubt that the economic crisis will impair discretional spending, which will impact revenues. Meanwhile, the credit crunch will make it harder for both established brands and start-ups to access cash. However, this won't reverse Internet / wireless convergence".
"The disruption in wireless - brought about by the trend towards open, Internet models is now inexorable. The fact that there is also general economic pressure on wireless industry players to reinvent their business models only reinforces this trend. Everyone – operators, software companies, content and application players, and handset manufacturers – needs to adjust their strategies to compete in the open mobile economy," Batt added.
"That's why we have 200 industry leaders from across the US and rest of world coming together at the Open Mobile Summit. Times might be tough, but people still need to do business. And now there's even more pressure to get new business models right, in the light of the economic pressure."
Keynotes at the Open Mobile Summit include: Marco Boerries EVP Yahoo!, Barry West President XOHM Sprint, Rich Minor GM Mobile Google, Len Lauer COO Qualcomm, Rich Green EVP Sun Microsystems and Mary McDowell EVP and CDO Nokia. New additions to the agenda include Liz Altman, VP, Motorola Mobile Devices and Brandon Lucas, VP Mobile, MySpace. The event also features top execs from T-Mobile, Verizon, Amazon, AT&T, Research In Motion, LG, AOL, Symbian, Orange , Glu Mobile – as well as many prominent venture capitalists.
"In a shakeout, the winners are always those who act quickly to revise their business models, but remain confident, and continue to strive for growth and do business whilst their competitors 'wait and see'. Start-ups can't stop!" Said Batt.
The Open Mobile Summit is taking place November 19-20 an Hotel 480, Sutter Street, San Francisco.
Source: Business Wire
