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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: EPS who wrote (27000)5/25/1999 8:04:00 AM
From: Spartex  Read Replies (2) of 42771
 
Why the PC Will Not Die

Computers will take many forms, but there will always be a place for
the all-purpose machine we've come to depend on.

By Bill Gates

Predicting the imminent demise of the personal computer has become an
annual ritual in recent years—and each year the PC has defied the prophets
of doom (chart). This year looks set for a repeat performance. Predictions
for first-quarter global sales were bad; the PC era was finally ending. In
fact, sales grew at a healthy 19 percent annual rate. Worldwide, well over
100 million PCs will be sold this year. That means the world now buys
almost as many PCs as color TVs.

The PC's growing popularity isn't surprising. Prices have fallen sharply while
the power of the hardware and software has kept increasing. Consumers
and businesses everywhere are rushing to get on the Web, and the PC
makes that easy. But what really sets the PC apart is the incredible
empowerment and flexibility it offers in a single, economical package. Sitting
at your PC, you can do your taxes, surf the Web, write letters, e-mail
friends, play games, plan a business, buy a car, do your homework... in fact,
do whatever you want.

The PC has given the average American the kind of computing power that
10 years ago was found only in large corporations. Yet people now take this
for granted—and want more. They want to do many of the things they can
do on their PC regardless of where they are or what device they are
using—whether it's a palm-size computer, a Web-enabled cell phone, an
Auto PC or a smart television like WebTV. A combination of sophisticated
software, powerful microprocessors, wireless technology and
high-bandwidth connectivity is starting to make that a reality.

For most people at home and at work, the PC will remain the primary
computing tool; you'll still want a big screen and a keyboard to balance your
investment portfolio, write a letter to Aunt Agnes, view complex Web pages,
and you'll need plenty of local processing power for graphics, games and so
on. But the PC will also work in tandem with other cool devices. You'll be
able to share your data—files, schedule, calendar, e-mail, address book,
etc.—across different machines; you won't have to think about it; it will be
automatic. If you want to find the best price for a new car—and check out
your budget to see if you can afford it—you'll be able to do that at the
dealership, on the device you have with you. Wherever you are, whatever
you want to do, you'll have all the information you need.

At the same time—and many who doubt the PC's staying power miss this
point—the PC itself will be getting more powerful, more reliable and simpler
to use. Even though the underlying hardware, networks and software will
become more complex, that complexity will be hidden from users <<and will work if its NDS-ZENs et al.!!>>. There will
be a simpler user interface that adapts to your needs, with voice recognition
and natural-language processing. There will be "instant-on," so you won't
have to wait for your PC to come to life. When the PC is at the center of a
home network (probably connected to a broader network that will constantly
monitor performance, update software and download device drivers and the
like), it will be incredibly easy to administer, automatic in operation and
maintenance-free. And the PC will morph into many new forms, such as
book-size "tablet PCs." But they'll still be PCs underneath, with all the
benefits of the universal PC model.

That model will play a vital role in this new world of any time, anywhere
computing. The PC's high-volume, low-cost approach will be adopted by
many of the new smart devices, because it offers amazing value to
consumers. The cost of innovation is spread widely, so everyone benefits
from billions of dollars of R & D. And the PC's broadly accepted technical
standards—and open Internet standards—mean that when you buy a new
device, you'll know it will function with your existing equipment. In this new
"PC-plus" era connectivity will be king, and the PC model's common
standards will be more important than ever.

PCs gave the world a whole new way to work, play and communicate. The
PC-plus era will be just as revolutionary. It will take the PC's power and
make it available almost anywhere, on devices that haven't yet been
dreamed up. Given my job, it's hardly surprising that I'd say this. But I'm
betting Microsoft's future on it.
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