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In only a few years, the Internet has become the world's grandest and
most useful communication medium, making quickly accessible ever more
accumulated information and messaging. It is changing societies throughout
the world as no other. It is too vast to fathom or describe. Its great
virtue, and, for investors, its great hazard, resides in its open availability
to all. Openness is fundamental. All governments in major nations are
insisting upon openness (and interoperability) as cornerstones to national
policies. In one respect, open frightens us as a “four-letter”
word for competition. New enterprises that are derived through the use
of the Internet without having thought through the means of protecting
themselves from later entry of more privileged entities are likely to
experience only short periods of prosperity. A savage winnowing process
for such companies occurred at the beginning of this century. Such events
have lead us to select only those companies that bring together parties
who have reasons to trade with one another. For such enterprises, the
Internet is a wonderfully efficient facility that ensures enduring profitability.
Abundance
- Information
- Entertainment
- Content
- Solutions
Accessibility
- Two-way, interactive
- Ease of use twenty-four hours every day
Universality
- Digital in one place, digital virtually everywhere
- Party-to-party, party-to-many and many-to-party
Voice Driven
- Electronic devices of all sorts will be increasingly voice responsive
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