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I think all those companies (GE, Intel, Cisco and AT&T...) will on the end become either Apple or Google. But on the end when fight is over everything will become Apple. They are going to have great future in next 10-20 years.
It sounds like a lot of hype to me. All companies are continually incorporating the internet into their business model, so I don't think that you can predict which company would succeed or fail solely based on how "connected" they are. There are other factors that I think are more relevant.
I look on the incorporation of internet into our daily lives as comparable to the 1920s when radios were one of the main drivers of the stock market boom...until...everyone had a radio. Then it (radio) just became a commonplace object that no one got really excited about anymore.
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