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Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST
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To: Willsgarden who wrote (39147)11/6/1997 2:28:00 PM
From: Barry Grossman  Read Replies (2) of 186894
 
Bill - Re: "Semi's are like the steel makers were to the industrial revolution"

I like another analogy better. I was either reading or listening to someone describe the current revolution and the analogy they used was that semis are an invention like the steam engine was. The steam engine was the transforming invention that created a new paradigm of how mechanical work was to be done from then on. So, too, is the invention of "semi's". It has transformed more than work though, and I believe that the effect of this transformation is only now JUST BEGINNING - contrary to the arguments that there are no new uses for continued innovation, that what we have now is "good enough".

The innovation that was the steam engine is like the semi innovation in that a whole new way of doing things was created and had to be learned. Remember that there were no steam engineers or other experts around prior to this invention and they had to learn how to make the best use of the technology before it became widespread. The innovation of semi's has become a lot more widespread much quicker. One of the reasons is that there are now a lot more technically aware individuals around.

As someone once said, "You ain't seen nothing yet!"

Barry
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