> risk of an innovation rendering all that infrastructure obsolete can't be ruled out. It's a massive gamble. It's not just a gamble on technology - it's a gam

> risk of an innovation rendering all that infrastructure obsolete can't be ruled out. It's a massive gamble. It's not just a gamble on technology - it's a gamble on the company too! You own a company's stock - not a technology's! In the dot com era, it was the realization that the wrong companies were picked that popped the bubble. Turns out pets.com was never gonna be the billion dollar business. It was that book store Amazon instead. And it was the Google search engine not the other one. And browser A not browser B... And so on... When the expected winner shifts away from one company towards a position where people want to sit on cash and wait and see, you suddenly get a massive rush to the exits and poor pets.com needs to throw in the towel. We're gonna find out in the next couple of years who the pets.coms are.