The computer industry is creatively bankrupt.
Sentiment: NEGATIVE
In the business world, we can point to instances when a lack of integrity has bankrupted entire companies - in sectors as different as finance, telecommunications, manufacturing, and energy.
You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that.
Software-industry battles are fought by highly paid and out-of-shape nerds furiously pounding computer keyboards while they guzzle diet Coke. The stakes aren't very dramatic. Life? Liberty? The pursuit of happiness? Nope, it's about stock options.
Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.
In my humble opinion, the PC as we have known it is in a continuous decline and being relegated to a utility device for businesses.
Entrepreneurs need to recognize that, especially in the digital domain, they are unlikely to come up with something that is going to be permanently on top, that impermanence and ephemerality is the nature of the beast.
My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy.
You know, IBM was almost knocked out of the box by other types of computer software and manufacturing.
The future lies in designing and selling computers that people don't realize are computers at all.
Yeah, computers are going to take over the programming business because they have become so fast recently that they can solve the Halting Problem in five seconds flat.