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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: Warren Gates who wrote ()	7/4/1999 3:41:00 AM
From: Darren DeNunzio	Read Replies (2) of 12823

Just for Fun! Some paragraphs from "The Road Ahead", published in 1995,96. In a chapter called "The Early Years", Bill explains Microsoft's relationships with IBM during the joint development of OS/2... "Our business relationship with IBM was vital to us. In 1986 we had taken Microsoft public to provide liquidity for employees who had been given stock options. It was around that time that Steve Ballmer and I proposed to IBM that it buy up to 30% of Microsoft -- at a bargain price -- so that it would share in our fortune, good or bad. I thought this would help or companies work together more amicably and productively. IBM was not interested." Speaking about browsers... "Netscape is the leader in this new category of software, and Microsoft's strategy for catching up will be 'embrace and extend'." Speaking about unrealistic broadband promises... "Several major U.S. telephone companies each proclaimed that they would wire 500,000 to 1 million households a year, with a total of more than 9 million expected to be hooked up by the end of 1996. Bell Atlantic said it would wire as many as 1.5 million households in some years, 8 million buy the year 2000. Pacific Bell said 5.5 million of its customers would have broadband connections by the end of the decade, and Ameritech said it would have 6 million of their households hooked up." What to expect in the next few years... "Cable television and telephone companies around the world will move in four parallel paths. First, each will be going after the others business. Second both systems will provide midband connections to the Internet. Third both will convert to digital content to allow for more content and higher-quality signal. Forth a few companies will conduct trials of broadband systems connected to television sets and PC's." And what to expect in the next century... Don't worry, I won't ruin the movie by telling you the ending. Enjoy the fourth!

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