Re: Fwd: Re: What is IT?

From: Randy Smith (
Date: Thu Jan 11 2001 - 08:45:39 MST

>From: Harvey Newstrom <>
>Subject: Re: Fwd: Re: What is IT?
>Date: Thu, 11 Jan 2001 08:44:49 -0500
>>I'm beginning to think that there is no IT at all, but by creating
>>all this fuss, *someone* will come up with an idea worthy of the
>>hype. Then the Kamen can borrow and run with *that* idea. ;-)
>Unfortunately, this seems to be the modern business model.
> 1. Generate hype.
> 2. Get lots of funding.
> 3. Try to invent something new before funding runs out.
> 4. Sell stock before company crashes and burns.
>I have seen this so many times recently that I am beginning to wonder
>if anybody bothers to do development before marketing anymore.

The interesting part of all this is the involvement of the Big Name Hi Tech
Wizards who were treated to a demonstration of IT. If this is really all
just hype over some fancy scooter/hovercraft (such an idea could obviously
never transform Western society--it could realistically only be driven by
relatively youthful or somewhat athletic people on a regular basis), then
one has to wonder if this is the final end game stage of Hype-Economics. If
we see this for what it is, then surely others must, and how long before the
game is up for all of them. It's just one last attempt to cash in.
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