To: zenin who wrote (13780 ) 1/2/1999 3:55:00 AM From: slaffe Read Replies (2) | Respond to of 44908
What a great post. It reaffirms my thinking and my belief in tsig. I am in awe of the internet. I envision a society of the future where e tailing dwarfs brick and mortars rather than the other way around as it is today. I notice that this speech is dated 4/17/98, 8 and 1/2 months ago. It is refreshing to read such an article from such an important person that is in even more astonishment of the internet than I. In my last post, I did not mean to denigrate amzn, I think they would be an excellent long term play, they have established themselves to be a giant to be reckoned with. I also think that they have gotten a little bit ahead of themselves and would not be surprised to see a pullback in the short term. The month of Jan. will be interesting as we see the sales figure for this holiday season. I also think that Mr. Magaziner has gotten a little bit ahead of hisself. To project a billion internet users by 2005! When half or more of the worlds population as never made a phone call to date. There can be no doubt about it, the internet is growing phenomenally fast. However I also see bumps in the road. Right now the fastest growing segment in the internet is pornography. That imo, is a shame, for as much evil that is available on the net (scams are abundant) there is also has much good. However in some segments of our society the net has a bad name. I have two cousins that have banned their children from web usage for fear of discovering the evils that lurk on the web. I know of countless people that are scared to give financial info over the web. Both of these scenarios are sad and senseless inho. As e-commerce grows, it will only be a matter of time before public sentiment is swayed to seeing more good than bad on the net. There is also the issue of resentment towards planned obsolescent. It was just a few short years ago that a 486 computer was being touted as the fastest, most powerful computer that one would ever need in one's lifetime. The pentium 2 class computer that I am typing this on which I bought just 16 months ago is now outdated and can be purchased for a quarter of what I paid for it. Internet download speeds are for the most part to slow for interesting surfing. There is a whole segment of our society that is resisting the technology changes. These barriers need to be broken down, and they are being broken down, with what seems to be at a snails pace for me but at a to fast ever changing speed for most of the world. Has far as Mr. Magaziner's comments regarding e commerce I am in complete agreement. I am currently looking at another company,rdim,(and no, my enthusiasm for tsig is not diminished) They have a very interesting business plan in which they wish to incorporate brick and mortar wholesale buying clubs with the internet. I envision that company in the future to be attracting customers to their brick and mortar's to buy something out of their catalogues, having a sales assistance helping them to buy something over their internet/intranet system without the customer ever realizing they just had a internet experience. I find of particular interest the second to the last paragraph in this article. Which reaffirms my bullishness on tsig. Tsig, while having a presence on the web and attracting experienced web users is also going after that segment of society which is resisting. It is evident in the Babe Ruth deal. How many cards do you think these youngsters will sell to people that are not avid web users? Imho, plenty. These people will be drawn to the web courtesy of tsig and with our business model will remain loyal customers of cci/tsig. Again, thanks for the great article. Senior advisor on policy development to the president of the USA! WoW! Slaffe