gapingvoid: "cartoons drawn on the back of business cards"

too little, too late

A real gem from Fred Wilson. All to do with the US telephone companies patheticly trying to muscle in on Google and iTunes' action, for no other reason than jealousy.

Sounds like they'll have an uphill struggle. Like Fred says::

The Telco's had their chance back in the mid 90s to develop all these value added services to run on their networks. They didn't do it. They bought back stock, built golf courses, defrauded their shareholders, took on enourmous debt, and generally did everything other than take advantage of the incredible opportunity that they had with the coming of the Internet. Bottom line - they screwed up.

PS: Fred Wilson is on my "Must Read" list [along with about a dozen others]. Skip him at your peril.

Posted by hugh macleod at January 8, 2006 4:00 AM | TrackBack