Investors Scramble for a Piece of Netscape; Opening Price for Money-Losing Company’s Shares Went from $14 to $28
Institutional investors think Netscape could be the Microsoft of the Internet, and they’re willing to bet on it.
Institutional investors think Netscape could be the Microsoft of the Internet, and they’re willing to bet on it.
It’s possible that the Internet in fact has been under-hyped. I think we’re witnessing the creation of a brand new medium that will possibly be more important than network television.
Surely storage and delivery systems will improve to where a movie could be sent to a home computer to be viewed at leisure. Surely the electronic book of the future will be wieldier than a laptop computer. Surely badly designed computers will go the way of the Edsel.
Internet hustlers invade our communities with computers … The key ingredient of their silicon snake oil is a technocratic belief that computers and networks will make a better society. [But] the most important interactions in life happen between people, not between computers.
The Internet will be in large schools and every good business, just like today we have public fax machines down at stores and restaurants. Many of the things that you use the telephone/fax port for will be done through Internet-class technology.
Tens of millions of people will be connected to interactive services, changing the way business and society function in terms of how they get information, communicate with other people, buy products and learn new things.
It’s inevitable that high-bandwidth access to the Internet five years from now is going to be a commodity.
[By the year 2000,] we will have more than 100 million addresses and Web pages going over very high-bandwidth networks into the home. There will be a hybrid fiber/coax plant.
I don’t think that the human race has seen anything in the long run that’s going to impact it like the Web even since Henry Ford rolled the first Model T off the production line.
The heavily promoted information infrastructure addresses few social needs or business concerns. At the same time, it directly threatens precious parts of our society, including schools, libraries and social institutions. No birds sing.