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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%3:59 PM EST
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To: yard_man who wrote (52789)5/10/2001 10:14:50 AM
From: RetiredNow  Read Replies (2) of 77398
 
Actually, you are wrong about tape versus digital. I have a friend in the movie industry who explained to me why movies aren't all digital now. The problem is that alot of the mega movie companies went out and built these megaplexes with 20 screens and they are crawling in debt and poor cashflows. So many of the movie theater chains can't afford to buy the digital playback equipment, which costs hundreds of thousands of dollars to outfit a theater. In addition, all the movie producers have to buy digital equipment to film the movies in. One of the few who is currently pioneering this type of work is none other than George Lucas of Star Wars fame. Then lastly, but not least, you have the economics. The movie industry is scared shitless of digital movies because of the threat of piracy. Remember napster? They fear the same type of thing. They aren't as shrewd as Bill Gates, so they don't realize that you have to take the bull by the horns and accept the fact that piracy will always occur, but you have to accept your losses and make it up with volume distribution.

It will happen within the next 10 years, but you have to be patient. As it happens, these networking companies, like Cisco are going to be swimming in money.
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