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Despite one of the worst economic climates in decades, consumer spending on Black Friday hit $10.6 billion, 3% higher than the day after Thanksgiving in 2007, according to researcher ShopperTrak.

Gadgets accounted for nine of the top 10 most popular Black Friday products, PriceGrabber said.

Data from PriceGrabber.com shows that online consumers are taking advantage of promotions on popular electronics, including LCD and plasma TVs, Blu-ray disc players, digital SLR cameras, laptops and video game consoles.

The most popular products on Black Friday: And while we are at it, here are the Top 10 categories and percent growth over Black Friday 2007: More at PriceGrabber.com and The Washington Post.

It appears it just might be a Merry Christmas even with the doom & gloom surrounding the economy. I guess President-elect Barack Obama must be the Messiah, since he's already creating miracles and he hasn't even been sworn in yet. Or it could just be that credit card loving Americans just don't know when to quit spending & charging.

Check this out:

NRF Survey Finds Black Friday Gets Holiday Season Off to Energetic Start
-- Great Bargains, Pent-Up Demand Drove Shoppers to Stores, Web

Though the holiday season is far from over, retailers across the country are breathing a collective sigh of relief after shoppers headed to stores and websites in droves over the weekend. According to the National Retail Federation's 2008 Black Friday Weekend survey, conducted by BIGresearch, more than 172 million shoppers visited stores and websites over Black Friday weekend, up from 147 million shoppers last year.*

Shoppers spent an average of $372.57 this weekend*, up 7.2 percent over last year's $347.55. Total spending reached an estimated $41.0 billion.

"Pent-up demand on electronics and clothing, plus unparalleled bargains on this season's hottest items helped drive shopping all weekend," said NRF President and CEO Tracy Mullin. "Holiday sales are not expected to continue at this brisk pace, but it is encouraging that Americans seem excited to go shopping again."

Friday was clearly the busiest day of the weekend with 73.6 million people hitting stores and websites for doorbuster sales. Though traffic did subside after Friday, retailers were also buoyed by two-day sales as 56.9 million people shopped on Saturday, up from 48.3 million last year, while another 26.2 million people planned to shop on Sunday. Thanksgiving Day also continues to increase in importance as the number of people who shopped on Thursday was up 48 percent over last year (16.2 million people vs. 10.9 million people).

Those who shopped on Friday lived by the adage that the early bird catches the worm. The survey found that 23.3 percent of shoppers were at stores by 5 a.m. while more than half (57.6%) were at stores by 9 a.m. Bargains appeared to be so good that people have more of a jumpstart on shopping.

According to the findings, Americans have completed slightly more shopping than they had one year ago (39.3% vs. 36.4%), indicating that traffic and sales over the next several weeks will moderate.

"Though retailers should be encouraged by strong traffic and sales over the weekend, consumers are still being cautious," said Phil Rist, Executive Vice President, Strategic Initiatives, BIGresearch. "Weekend shoppers indicated that they are still sticking to a budget and thinking carefully before making any holiday purchases."

Though retailers in all categories were featuring big bargains, a majority of shoppers visited discount stores for holiday deals. According to the survey, more than half (54.7%) of this weekend's shoppers visited discount stores. Nearly half (43.0%) shopped at a traditional department store, up 11.1 percent from 38.7 percent last year. About one-third of shoppers visited specialty stores like clothing or electronics stores (36.0%) and shopped online (34.0%).

As expected, many shoppers (50.9%) purchased clothing and accessories over the weekend while 39.0 percent bought books, DVDs, CDs and video games and 35.9 percent purchased consumer electronics. Toys were also big sellers, as 28.5 percent of shoppers bought a toy. Gift card purchasing dropped ten percent with 18.7 percent of shoppers purchasing a gift card over the weekend, down from 21.0 percent last year.

NRF continues to project that holiday sales will rise 2.2 percent this year to $470.4 billion.

About the Survey

The NRF 2008 Black Friday Weekend survey was designed to gauge consumer behavior and shopping trends related to the winter holidays. NRF defines the weekend as sales from Thursday, November 27 to Sunday, November 30. The survey, which polled 3,370 consumers, was conducted for NRF by BIGresearch from November 27-29, 2008. The consumer poll has a margin of error of plus or minus 1.7 percent.

BIGresearch is a consumer market intelligence firm that provides unique consumer insights that are gathered online utilizing very large sample sizes. BIGresearch's syndicated Consumer Intentions and Actions survey monitors the pulse of more than 8,000 consumers each month to empower its clients with unique insights for identifying opportunities in a fragmented and changing marketplace.

The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees - about one in five American workers - and 2007 sales of $4.5 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com

Via NRF

So you want Skype High Quality (HQ) video, but aren't willing to shell out for a nice dual-core processor and a high-end Logitech camera, eh? Well, no worries - Nodewave has a Force 'Skype' HQ Video app that allows you to Enable/Disable (and even configure) High-Quality Video in Skype, and even High-Definition Video regardless of your camera or processor.

So if Santa doesn't stick a high-end Logitech Orb AF webcam (my favorite webcam) in your stocking for Christmas, then this hack might just be the way to go!

It's been called both "vampire power" and "phantom load" -- likened to the power-hungry HAL 9000 computer (at left) in Stanley Kubrick's classic film 2001: A Space Odyssey.

It's the little unblinking red light on the television set that is silently drawing energy from the grid; studies have shown it can add 10% or more to a household energy bill.

Now Spanish entrepreneurs claim to have invented a way to end the problem that has bedeviled energy regulators, environmentalists and appliance manufacturers. They have patented an algorithm that can detect when an appliance is in standby mode and automatically switch it off completely.

The standby-mode killer has yet to be proven commercially and must contend with other new products designed to tackle the same problem. But, despite some doubters, the Spanish inventors say theirs is the only product able to completely do away with a large, and growing, world-wide problem.

Now how about that!

Get more at the Wall Street Journal.

Looking for a faster, bigger hard drive this Christmas? (Two days till Black Friday sales by the way) Well, I came across this funny Youtube video of the day - filmed at famous Mac Store Tekserve in Manhattan, New York and paid for by drive manufacturer Seagate. It's a tad long, but it features a hip-hop office drama and the desire for "A new disk drive. 1.5 Terabytes...." (don't let that little jingle get stuck in your head) Just in time for the Christmas holiday season.

Via 9to5mac.com

From the first time Steve Jobs demonstrated "the pinch" -- the two-finger gesture used to zoom in and out of photos and Web pages on the iPhone -- some Apple observers assumed it was just a matter of time before a multitouch-enabled screen showed up on the Mac.

That hasn't happened yet. But now Hewlett-Packard has beaten Apple to the punch, announcing the first multitouch-enabled notebook PC, the tx2.

We are all wondering -- aren't we -- why Apple couldn't get this out to market first?

The tx2 is a convertible notebook, meaning its screen can pivot 180 degrees to show someone else what's on it or lie flat and act like a tablet PC.

The first convertible notebook aimed directly at consumers, the tx2 sports HP's version of multitouch technology, which lets you use two fingers at once to manipulate images on the screen or make on-screen gestures that signify specific commands.

A pinch motion works just like it does on an iPhone or MacBook, for example, letting you rotate pictures or press and drag files around.

Pricing? $1,150 or only $151 more than the starter MacBook.

More at BusinessWeek.

I grew up reading PC Magazine and I looked forward each couple weeks to picking up my copy of PC Magazine at the local grocery store. But today, Ziff Davis has announced that the legendary PC Magazine print publication is shutting down its print publication and focusing exclusively on online content. This is truly a sad day... Hold on while I grab some tissues...

PC Magazine started the whole in-depth comparative reviews of PCs and Microsoft software. They expanded later to including gadgets, MP3 players, mobile phones, GPS, and other technology. PC Magazine offered insightful tech tips and great columnists like John C. Dvorak. Back in the 80s and 90s the print publication was 400-500 pages, making for hours of tech- reading pleasure. Today, it's down to 150 pages and soon to be 0 (January 2009).

Well, I guess it's "greener" that way. But I for one will miss my print copy of PC Magazine.

Didn't I just blog yesterday about the wisdom of Pioneer opening its second U.S. retail store?

Well, I guess these companies have a better bead on what's going on the minds of their consumers because now HP is planning to launch 7,500 stores across Asia.

(That is a serious amount of stores!)

Hewlett-Packard plans to focus on China and India when it establishes these stores in 1,000 Asia-Pacific cities.

One of the largest computer companies in the world, HP is striving to offer an enhanced retail experience as well as improved customer support.

As well as appeal to nearly one-third of the world's population -- much of it moving steadily upward.

More at The Economic Times (India). 

Researchers recently completed work on a networking solution that will synchronize the myriad personal electronic devices (aka gadgets) people will use in the not-so-distant future. 

The group, called MAGNET Beyond, was composed of researchers from 35 companies who developed an architecture to harmonize devices such as laptops, telephones, MP3 players, games and a variety of sensors.

And why is this networking project called MAGNET Beyond?

No it's not a take-off on Bed, Bath and Beyond, but the name is an acronym for "My personal adaptive Global NET and beyond."

Yikes!

How many researchers does it take to come up with a good acronym?

Definitely not this group! Better luck with the technology.

More at ZDnet.

It used to be that every three years, workers would get brand new computers from their businesses' tech departments. But for many those days are over.

Many workers haven't been issued a new computer in years. 

The reason: Delaying computer upgrades is one of the easiest ways for a tech department to cut its budget. How about you working with a four-year-old ThinkPad with its maddeningly slow response times and out-of-date software ...

Now that the economy has taken a pronounced turn for the worse, more businesses are deciding to delay their regularly scheduled PC buying. In fact, 46% of businesses have either already or plan to postpone purchasing new computers, according to a survey of information-technology execs by CIO Magazine.

That's part of the reason that U.S. PC shipments will drop 1% in the fourth quarter compared to the year-ago quarter, according to research company IDC.

Now all of this bad corporate new has a shiny silver lining for us out here in consumer land --  PC makers are slashing prices, 20% to 30% in some cases, in an effort to boost demand.

Readers, how old is your work PC? Are outdated programs and hardware slowing you down?

Thanks to the Wall Street Journal (again).