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Politics : Formerly About Applied Materials
AMAT 225.18-1.5%Nov 18 3:59 PM EST

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To: John Trader who wrote (49042)7/10/2001 11:20:32 PM
From: Katherine Derbyshire  Read Replies (2) of 70976
 
>>For example, am I right that the internet is a truly fantastic technology that is just in the early innings? <<

IMO, yes.

But the traditional media isn't going to tell you so. They have a long history of following, not leading trends. Internet bashing is hip, so they'll prove they can bash with the best.

Not only that, but traditional media has a lot to lose if/when the Internet takes off. Their business model is built on scarcity: buying a printing press is expensive. Running a TV or radio station is expensive. Running a web site is so ridiculously cheap that literally *anyone* can do it, right down to a homeless person using the public access terminals at the library. The barrier to entry is *zero,* and most of traditional media hasn't figured out how to deal with that environment.

Katherine
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