To: B Spears who wrote (8347 ) 7/23/1999 10:59:00 AM From: jhnewman Respond to of 11417
Good Big Picture post from Omegacat: On RB: ***************************************** By: Omegacat Reply To: 54125 by Donald_Duck Friday, 23 Jul 1999 at 5:17 AM EDT Post # of 54217 Donald Duck, I know you are frustrated. Crazy Larry talked about how we loyal stockholders have been battered and bruised. It has been a difficult period. But, I don't think you truly see the larger picture here. Before I started studying Wave, I read George Gilder, and came to understand that he was saying "THE WORLD IS CHANGING"! And Wave is at the heart of this change or paradigm shift; it is not just another startup company with potential. I think it was Weby who used the telephone analogy. In the beginning, phones existed, but more as a novelty than a serious communication device because there was no standard to connect the total system. That took AT&T. Most of us on the board aren't old enough to remember that paradigm shift, but we can grasp the significant change the telephone made to the world. We are talking about that kind of a tremendous change. But in today's world (unlike the last century when the telephone was developed) transitions are made at lighting speed. The Internet is here, and huge players are developing systems to use it for serious commerce, not just for the novelty of buying a book (be it digital from MyPublish or hardback from Amazon) or using a Haup board to play a few games. Haup was a beta test for one small part of what Wave can do; we could not survive by trying to build a business on 12,000 happy Haup board owners. We have to deal with the major leagues and get deployed in significant quantity so that Wave exists in the all devices that can be used for serious ecommerce - business to business and the major broadcast of digital content. Wave will only change the world by assisting others to do it. We are not the telephone; we are the connecting system. Wave's real customers, I believe, are the OEMs, ISPs, etc., not the retail customer. Wave will provide a standard that will enhance and improve ecommerce so that these businesses can better serve their customers. This is the basis of the ubiquity references. We will need to be everywhere, and customizable to a multitude of platforms, so that Internet commerce can be performed by everyone and in ways we may not yet even conceive. We will not market ourselves to the consumer - AOL will, IBM will, Hewlett Packard will, NBC will. We need to be there so that they can use our technology with their customers. In the beginning of this new digital era, which was not so long ago, PCs were developed and a standard operating system had to be deployed in all PCs so that networks could be established and programs could interrelate. Microsoft, with DOS, got themselves out in the IBMs and then their clones. Through master marketing and massive deployment, they came to used by most computers and by default, became the industry standard. Apple had a better idea and they had it first, but they were elitists, and thought they could build a business with a good idea, and didn't see the need for a ubiquitous O/S. They thought they could build a business with happy customers. And you know the rest of that story. So, in that way we need to be like a Microsoft, Wave has to be out there so that everyone can use us, and thus we are compatible with everyone else who uses Wave. Granted, I am not a tech person, and I have struggled to try to understand what Wave is and what it can do. I like to think of Wave as the next AT&T and the next Microsoft, in that it will provide the standard system for everyone to be safely interconnected to conduct business on the Internet. The Internet is still in its infancy, but it growing at a rate that will dwarf the speed in which the PC revolution took place. It will soon be an integral part in the lives of most people, and on such a massive scale we may not totally comprehend. But it will occur in the blink of an eye and that is why Wave has to be out there as quickly as possible. All other needs pale in the face of deployment. Patience, I believe this is just what is happening and we should hear about it soon. If I am correct, the rewards of this patience may also be beyond what we all can comprehend. Omegacat ******************************* Regards to all, Newman.