“There is no longer a ‘telecom’ industry, according to former Verizon Communications chairman and CEO Ivan Seidenberg, who says ‘the walls between telecom, technology, media and entertainment have collapsed,’ as evidenced by Apple’s expected jump into Web TV,” Reinhardt Krause reports for Investor’s Business Daily. “‘All worlds have converged,’ said Seidenberg, now an advisory partner at financial services firm Perella Weinberg Partners.”
“‘The world without walls is now producing the kinds of combinations that were once just a futurist’s fantasy: Apple moving into the TV business, Google jumping into mobile, broadband and media, Verizon combining with AOL and, of course, Comcast merging with NBCUniversal,'” said Seidenberg in an article written for PWP,” Krause reports.
“Seidenberg’s legacy includes building out Verizon’s ‘FiOS’ fiber-optic network, taking on cable TV firms with video and broadband services,” Krause reports. “One of Seidenberg’s questionable decisions involved negotiations with Apple over the iPhone. AT&T became the first wireless firm to sell the iPhone in 2007, giving AT&T a major boost.”
Read more in the full article here.
The over-all point is that new technology will not necessarily replace old technology, but it will date it. By definition. Eventually, it will replace it. But it’s like people who had black-and-white TVs when color came out. They eventually decided whether or not the new technology was worth the investment. — Steve Jobs