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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Alan Buckley who wrote (15912)1/9/1998 4:54:00 PM
From: Charles Hughes  Read Replies (1) of 24154
 
>>>Regarding "market a mouse-trap", if that's true then it's the customer who's screwed up and I don't believe that. People are very good at sniffing out what is and is not valuable to them.<<<

Modern tech consumer markets are not about rational choices. As has been the subject of much discussion lately, modern markets are more like out of control positive feedback loops. The entrant in a market that is first and/or has the most money has the oportunity via the media and distribution channels (both of which love momentum) to create such a feedback loop and drive out all other competition regardless of merit.

The nature of media formats, which the consumer is aware of, reinforces this. Nobody wants to be the guy who tells you endlessly how his betamax is superior to your vhs, even if it is.

Thus we have truly found a field where 'the bad drives out the good', as the old saw has it. This lasts in each sub-area of exploration until the bad kills it's vertical market off entirely, and new opportunities for innovators arise.

Chaz
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