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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fischofer who wrote (1104)	3/29/1999 1:22:00 AM
From: Robert Sheldon	Read Replies (2) \| Respond to of 5853

Bill, You need to read "The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail" by Clayton M. Christensen and all of George's archives to understand what George is speaking about. It is not as simple as you believe. gildertech.com gildertech.com gildertech.com

To: Bill Fischofer who wrote (1104)	3/29/1999 2:33:00 AM
From: John Stichnoth	Respond to of 5853

Bill, One of the things that I enjoy in reading Gilder's commentaries is his obvious delight in the innovation taking place, and seeing what is driving that innovation. You can take your analogies (the Walkman) further and say that the car didn't overthrow the horse--in fact some statistic I remember is that there are more horses now than there were in 1900! But the focus is on what drives the innovation. The mainframe was a great technological breakthrough in its time that substantially changed the way companies did business. The PC revolution (thus the overthrow allusion) changed the way companies worked, and changed the focus of technology companies towards development for the PC, and by extension client-server. The "telecosm" coinage points to the changes occurring in communications that have become the major focus of businesses, in gaining efficiency, and the technology companies. One example is in where the growth in chip production will occur. It's in wireless handsets, etc. I think the term "overthrow" does not mean replace. You are absolutely right in saying that the mainframe is still with us and will stay. Overthrow is used in the sense of displacing--changing the focus of everyone around from the old (horses) to new (cars). Or Mainframes to PC's. Or PC's to Communications. Best, JS