CES Quote of the Day: “We will be very supportive of your down rounds this year.”Jeff Bussgang
I dodged the snowflakes and made the trek out to Sin City for this year’s Consumer Electronics Show (CES). Although attendance was down, it is still an insanely large audience of 130,000 attendees and 2,700 companies. Consumer Electronics Association head Gary Shapiro reported in his keynote that industry sales were up over 5% and that 2009 will be flat or slightly down. Not bad if true. His speech, by the way, was as much a political speech as it was an industry overview, further underscoring the importance of government activities in business affairs in the coming years. Two areas he hammered on were immigration policy (“expand H1B visas”) and shooting down the ridiculous union-sponsored “card check” law (every large company business leader I have spoken to in the last 6 months is apoplectic over this bill and views it as a litmus test for Obama’s centrist economic policies).
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