Bill Gates: PC Genius, Internet Fool

June 30, 2008 at 10:57 am | Posted in Uncategorized | Leave a comment
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http://www.time.com/time/business/article/0,8599,1818989,00.html

Bill Gates, who for years was the richest man in the world, is also one of the smartest. But even he couldn’t figure out how to beat the Internet-how to transition his grand old monopoly software company, Microsoft, into a business that thrives on the Net. And so he begins his retirement today from Microsoft as the PC era’s biggest winner, and the Web era’s most spectacular casualty.

It’s pretty well known by now that the Internet, for all its world-flattening glory, is a destroyer of businesses without parallel. How many companies roared along for decades, minting money, only to see the Internet eat their business plans? We live in a media age and the media industry is Exhibit 1 in the murder trial. Newspapers, magazines, music, television, movies — all of the traditional models are dead or dying as bloodied moguls everywhere scramble to survive. But the Net has brutalized old-line business across most industries-retail, tele-com, financial services and the technology industry itself, is, ironically, no exception.

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