G'day all - on a lighter side, I got Red Herring's Catch Of The Day today:
CATCH OF THE DAY: Picks and shovels
You want to really get in on the Internet economy? Then
don't forget Microsoft -- or Intel, Cisco, Lucent, and
Nortel. These amazing companies are building the *real*
Internet. They're not reinventing commerce, as Amazon.com or
eBay are, or building new online brands, as Yahoo is. But
these are the companies that make the operating systems,
hardware platforms, and networking equipment upon which
Yahoo, Amazon, and eBay run their businesses.
It's incredibly hard to build a consumer brand -- online or
off. And while we're expecting several great Internet IPOs
this year, we're not holding out for dozens of eBays.
Instead, there will be a mix of consumer Internet plays,
infrastructure companies, and tools vendors. Are the Web
site tool companies Vignette and Allaire as sexy as uBid and
GeoCities? Nope. But there's a value in selling shovels to
gold miners.
- Rafe Needleman, Editor
rafe-needleman@redherring.com
[poster note: the boldface is mine]
Considering Nortel Networks has already begun working on internet2, one could say "this is not your father's telecom equipments company anymore" <G>
best, Bosco
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