Michael Malone, top tech journo, says in The Herring that we should forget Moore’s law. The thesis is that, as the universe of chips expands, more buyers are sticking with older, lower-powered devices because they don’t need the extra power. The industry’s legacy chips – almost all of which are still being manufactured somewhere – are going to undermine the latest stuff and make it impossible for the chip makers to continue to make 67% annual improvements. He quotes Google’s Eric Schmidt: “We aren’t interested in getting maximum power for a high price. What we’re looking for is maximum functionality and that’s a whole different thing.” We should unwind our dependence on Moore’s law now before it’s too late. Difficult to see how we actually could, though, since it’s wired into the economy itself, determining investors’ expectations as much as techies’.