Sunday, November 20, 2005
Today's Critical Reading
CNET had a multicolumn series on the effect of the Internet and all of the new communications and collaborative approaches it has brought (like "wikipedia" and the like). The most interesting article is about the kids who have grown up in this environment, "the millenials." That article starts on page 17 of this PDF
The article can be seen online at http://news.com.com/The+millennials+usher+in+a+new+era/2009-1025_3-5944666.html?tag=ne.tbw.nav
Great line: "For their grandparents, the bicycle was a symbol of childhood independence. Today, for many kids and youngadults, it is the Internet." I can see someone picking up some kind of task they haven't done in years and instead of saying "it's as easy as riding a bicycle", or "once you learn to ride a bike, you never forget" they'll say "once you learn to Google, you never forget."
It's no accident that Internet ad revenues for the third quarter were more than $3 billion. Ah, but it's just a fad :)
Publishing guru Bob Sacks recently highlighted a Business Week story about Carl Icahn's attempt to take over Time Warner. http://www.businessweek.com/print/magazine/content/05_48/b3961119.htm?chan=gl
I wrote the following note to Bob when I saw the story:
- What's really sad about this is that AOL-TimeWarner was a great idea. But it was one of those great ideas on paper, or today, one of those great ideas that MBA's create using Excel spreadsheets. The top wanted to merge, but no one under them did. TW Music? No, the Internet is a bad thing for music. TW Magazines? The Internet will kill our advertising and subscription revenue. TW Cable? Nah, no one will pay for an AOL subscription once they get cable access. TW Books? E-books... no way.... the Internet is not a serious way to distribute content.
- Years from now, people will look back on AOL-TW as one of the greatest of missed opportunities, and their internal dawdling with legacy legal and bureaucratic issues which allowed Google and Yahoo to mature beyond just being search engines and become real media players. Shame on you AOL-TW, you teased us, and let us down. But we should have expected it because big companies are best at protecting their internal political turfs and not creating exciting new businesses. Long live the entrepreneurs!
Road Warrior (incredible computer deals!):
Strongly recommended-- Norton Ghost 10 for FREE!
250GB external drive for $99! http://www.buy.com/retail/product.asp?sku=10384871&adid=17070&dcaid=17070