Is This What They Mean By “Mindshare?” [1:59 pm]
A consumer poll on Friday exposed the worst kept secret in the business world: Internet companies are becoming more important to people than firms that operate in the real world.
[...] Visitors of technology and telecoms tradeshows, for instance, may be forgiven for thinking that photo-sharing site Flickr, blogging software firm Vox, Internet calling service Skype and YouTube are multibillion dollar companies, because no company from the old world announces anything without them.
[...] “All innovation is coming from the edge of the Internet,” said James Enck, an analyst at Daiwa Securities, referring to the Web sites which offer services online.
[...] John Chambers, the chief executive of Cisco (founded in 1984) which is the biggest plumber of the Internet, calculated that in four years time 20 families will generate as much Internet traffic as the entire world in 1995.