Evolution, revolution - that's semantics. Whats the difference ?
HG,
"Main Entry: rev·o·lu·tion
Pronunciation: "re-v&-'lü-sh&n
Function: noun
Etymology: Middle English revolucioun, from Middle French revolution, from Late Latin revolution-, revolutio, from Latin
revolvere to revolve
Date: 14th century
1 a (1) : the action by a celestial body of going round in an orbit or elliptical course; also : apparent movement of such a body
round the earth (2) : the time taken by a celestial body to make a complete round in its orbit (3) : the rotation of a celestial body on
its axis b : completion of a course (as of years); also : the period made by the regular succession of a measure of time or by a
succession of similar events c (1) : a progressive motion of a body round an axis so that any line of the body parallel to the axis
returns to its initial position while remaining parallel to the axis in transit and usually at a constant distance from it (2) : motion of
any figure about a center or axis <revolution of a right triangle about one of its legs generates a cone> (3) : ROTATION 1b
2 a : a sudden, radical, or complete change b : a fundamental change in political organization; especially : the overthrow or
renunciation of one government or ruler and the substitution of another by the governed c : activity or movement designed to effect
fundamental changes in the socioeconomic situation d : a fundamental change in the way of thinking about or visualizing something :
a change of paradigm <the Copernican revolution> e : a changeover in use or preference especially in technology <the computer
revolution> <the foreign car revolution>
synonym see REBELLION "
"Main Entry: evo·lu·tion
Pronunciation: "e-v&-'lü-sh&n, "E-v&-
Function: noun
Etymology: Latin evolution-, evolutio unrolling, from evolvere
Date: 1622
1 : one of a set of prescribed movements
2 a : a process of change in a certain direction : UNFOLDING b : the action or an instance of forming and giving something off :
EMISSION c (1) : a process of continuous change from a lower, simpler, or worse to a higher, more complex, or better state :
GROWTH (2) : a process of gradual and relatively peaceful social, political, and economic advance d : something evolved
3 : the process of working out or developing
4 a : the historical development of a biological group (as a race or species) : PHYLOGENY b : a theory that the various types of
animals and plants have their origin in other preexisting types and that the distinguishable differences are due to modifications in
successive generations
5 : the extraction of a mathematical root
6 : a process in which the whole universe is a progression of interrelated phenomena
- evo·lu·tion·ari·ly /-sh&-"ner-&-lE/ adverb
- evo·lu·tion·ary /-sh&-"ner-E/ adjective
- evo·lu·tion·ism /-sh&-"ni-z&m/ noun
- evo·lu·tion·ist /-sh(&-)nist/ noun or adjective "
HG
I highlighted the main points in the differences between and evolution and a revolution. This is not symantics. Simply the internet is an evolution of communication via technology. It is a change to a better more complex state. We have had eletronic communication for years. The telephone is a good example as is was the telegraph. Actually, the telephone was an evolution of the telegraph not a revolution.
Biotechs - well I have to think hard on that one. Too political, long lead times, huge
R&D costs, no guarantees, bureaucracy, regulation, after effects (what was that drug
which was meant to be safe in pregnancy but lead to tragic births ? Theodolomite ?).
The Biotechs were bid also into the stratosphere with the hope of becoming rich. Not to the extreme of the internets but the pattern is similar. Very few biotechs maintained their value. Most actually disappeared but medicine is still here.
Iomega. It does not warrant a discussion. It was a product. This is an industry.
Iomega still makes storage products in the computer industry. The Iomega products were evolutionary since they permitted mobility of storage on disks the size of a floppy drive. The internet is not an industry. It is the evolution of the communication industry.
Can you
imagine life without ISPs ? Without online discussion boards ? Without any ways of
communicating with your loved ones ? You do the sector injustice. You do all the
internets severe injustice.
Prior to the internet I could communicate with loved one using a telephone just fine or with anyone for that matter.
We seem to be in total agreement on that one. I hope youre not embarrassed about being
in agreement with a bullish bull... ;)
Heavens; embarrassed. Never! I am delighted to debate this issue with a bullish bull.
Perhaps the best statement in your post is the following :
<<<Time will weed out unecessary firms. >>>
I couldn't agree more. This is the reason I invest in AOL/YHOO/MSFT and not the 2nd
& 3rd tier companies.
The only part in which we currently disagree is that Yahoo is not necessary in my opinion.
Glenn |
