The other day while eating lunch, a lady and her friend were talking about her hairstyle. As she explained her hair colour, she pulled out her cell phone and showed a picture. Then took a picture of herself to show the differences. After that not sure what she did with the pictures. Her actions similar to many others show how innovations change our regular behaviour. The phone can take many pictures at low cost for either information or to share with others, the lady had a plan that the cost was secondary to the instant reaction. Just a few short years ago, the camera phones were used for business purposes or special events, then camera became better and while there is a camera business, the business model changed. If companies could not embrace the rapid change or like the old margins better, they are out of business or radically alterted. The illustration above shows how quickly people change innovation to their lives and how difficult it can be for companies to maintain their market leadership.

Linking to dividend paying stocks, while the company is making a profit and paying a dividend, all is good. We have seen many events include the simple use of the camera to revolution the method companies operate. That is not a bad thing, it can be a great thing – notice police investigations often ask for pictures from cell phones. Those that take pictures, take them all the time, not just at special events. Remember there is limited privacy now days and being and trying to do the right thing is more important than ever. If the company is doing the right thing hopefully it can adjust to the changing realities and continue to pay dividends.

There are more questions than answers, till the next time – to raising questions