Studies Predict Slow Growth for Bluetooth, eBooks

Daedalus Venture Group has released a study that says that venture capitalists are over-investing in Bluetooth chip technology, while not investing enough in the applications that will create a demand for those chips. They are predicting a glut of Bluetooth chips in coming years. According to DVG, 74% of VC money for Bluetooth went to semiconductor firms, while only 23% was invested in applications.

"Irresponsible supply-side projections showing tremendous growth in the number of Bluetooth-enabled devices are driving manufacturer demand for chips," the study said. "However, there is still no widespread demonstrated market demand for the technology at an application level."

A separate study by Forrester Research predicts a not much brighter future for eBooks. It forecasts slow growth for both eBooks and eBook reader devices.

"Publishers are expecting trade eBook sales that won't materialize -- the drawbacks of reading onscreen will discourage all but the most motivated readers," said Daniel P. O'Brien, senior analyst at Forrester.