General Interest:
"While a calculator on the ENIAC is equipped with 10000 vacuum tubes and weighs 30 tons, computers of the future may have only 1000 vacuum tubes and weigh only 1.5 tons." - Popular Mechanics, forecasting the relentless march of science, 1949.
"I think there is a world market for maybe five computers." - Thomas Watson, Chairman of IBM, 1943.
"I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out
the year." - The editor in charge of business books for Prentice Hall, 1957.
"But what ... is it good for?" - Engineer at the Advanced Computing Systems Division of IBM, 1968, commenting on the microchip.
"There is no reason anyone would want a computer in their home." - Ken Olson, President, Chairman and Founder of Digital Equipment Corp., 1977.
"640K should be enough for anybody"
Bill Gates, 1981
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The above is a good comparison for people who keep bringing up the 1929 crash and today's *overvalued* market. You know the market is so over valued we are going to have the biggest crash since 1929. Well, if that's the case DELL computer is going to go out of business because we now have all the computing power we need, and the world is over saturated with computers. There are too many computers, 128 of RAM is enough, a 10 GB hard drive is more than you will ever need...yada...yada...yada..
Now, why do I have 4 computers, and a Palm Pilot, cable modem, and why do I still crave more speed? Why?
The Internet will continue to grow at an astounding pace, the result is more companies will be created to fill services that don't even exist today. Most of my cash is in high tech stocks.
A good book to read, it was written about 10 years ago:
amazon.com
It will help people stop narrow minded thinking. |
