Three Cycles in IT Network: Enterprise Productivit...

So let’s talk first about the enterprise productivity piece of this. This is really the cycle we're in. Now I'll get to this in a minute. Unfortunately, it's the cycle that we're at the maturation phase of which is why it doesn't feel like everything is going up right now. But this was really fueled and this is what really fueled the growth over the last two decades. And why do I call this enterprise productivity? This was really about infrastructure build out in enterprises in order to drive access to information and information processing across the organization. And enterprise has fundamentally changed the way they did business, the way they made decisions. Because suddenly people had access to information in real time that they never had before. There's another part of it which smells a little bit like dotcom's but it is what has succeeded from the .com error. And that was enterprise is using the internet to reach to their partners and customers in new ways. Now what's the difference between that and kind of the bubble part of the dotcom? The bubble piece of the dotcom's were those that thought the internet was a business. The people that really leveraged this and the piece of the technology that has continued is those companies who have leveraged the internet to reach out in new ways. So why is Amazon still here? Or E-bay's still here? While many of the dotcom's are not. Why is Fed Ex one of the best examples even today of how you use the internet to dramatically lower cost. It's embracing that to extend their business as opposed to viewing the internet as a business in itself. And then there was a third thing going on in the cycle which is really about bringing IT technologies and productivity to small and medium business into new ways. Because if you look back 20 years, all the of the really interesting things in IT were affordable to large enterprises. But small and medium businesses were really not taking advantage of it. And so in this in...