I'm tired of reading books that state the PC "revolution" started on the west coast. The truth is that the PC (both Apple and IBM) represented a small incremental change in computing technology that closely followed "intelligent terminals" like Ontel, ADDS, and others as well as dedicated word processors like IBM & Wang. Many of the companies producing these things were East Coast-based. Who was Intel's first customer for the 8008, the 8080, the 8086 & the 8088? Hint: they weren't on the west coast.
I used to work for the Nasdaq stock market. What's interesting is that Vonage's founder employed a very similar strategy when he started the Island ECN. He essentially piggybacked off of Nasdaq's infrastruture in order to avoid the costs of building a network. He has since left the securities industry to venture into telecoms, but not before selling Island to some private equity firms for BIG $$$. Don't get me wrong; I'm not complaining. In fact I am somewhat jealous that Vonage has come up with yet another way to capitalize on this model. These guys are very smart. And don't expect the FCC to do anything about it--in the end the SEC ended up as a major cheerleader for Island (lots of rhetoric about encouraging competition, etc.).
I used to work for the Nasdaq stock market. What's interesting is that Vonage's founder employed a very similar strategy when he started the Island ECN. He essentially piggybacked off of Nasdaq's infrastruture in order to avoid the costs of building a network. He has since left the securities industry to venture into telecoms, but not before selling Island to some private equity firms for BIG $$$.
Don't get me wrong; I'm not complaining. In fact I am somewhat jealous that Vonage has come up with yet another way to capitalize on this model. These guys are very smart. And don't expect the FCC to do anything about it--in the end the SEC ended up as a major cheerleader for Island (lots of rhetoric about encouraging competition, etc.).
One of my favorite quotes...
on
The Cult of the NDA
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· Score: 4, Interesting
"Don't worry about people stealing an idea. If it's original, you will have to ram it down their throats." -Howard Aiken
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You are correct about the 4004 but the 8008 was used in intelligent terminals like the Ontel OP-1.
I'm tired of reading books that state the PC "revolution" started on the west coast. The truth is that the PC (both Apple and IBM) represented a small incremental change in computing technology that closely followed "intelligent terminals" like Ontel, ADDS, and others as well as dedicated word processors like IBM & Wang. Many of the companies producing these things were East Coast-based. Who was Intel's first customer for the 8008, the 8080, the 8086 & the 8088? Hint: they weren't on the west coast.
I used to work for the Nasdaq stock market. What's interesting is that Vonage's founder employed a very similar strategy when he started the Island ECN. He essentially piggybacked off of Nasdaq's infrastruture in order to avoid the costs of building a network. He has since left the securities industry to venture into telecoms, but not before selling Island to some private equity firms for BIG $$$. Don't get me wrong; I'm not complaining. In fact I am somewhat jealous that Vonage has come up with yet another way to capitalize on this model. These guys are very smart. And don't expect the FCC to do anything about it--in the end the SEC ended up as a major cheerleader for Island (lots of rhetoric about encouraging competition, etc.).
I used to work for the Nasdaq stock market. What's interesting is that Vonage's founder employed a very similar strategy when he started the Island ECN. He essentially piggybacked off of Nasdaq's infrastruture in order to avoid the costs of building a network. He has since left the securities industry to venture into telecoms, but not before selling Island to some private equity firms for BIG $$$. Don't get me wrong; I'm not complaining. In fact I am somewhat jealous that Vonage has come up with yet another way to capitalize on this model. These guys are very smart. And don't expect the FCC to do anything about it--in the end the SEC ended up as a major cheerleader for Island (lots of rhetoric about encouraging competition, etc.).
"Don't worry about people stealing an idea. If it's original, you will have to ram it down their throats." -Howard Aiken