was rebuffed with the comment "the wireless music box has
no imaginable commercial value. Who would pay for a message sent
to nobody in particular?" (Famous Predictions)
Even Lee DeForest,
the inventor of television was unable to assess its potential. "While
theoretically and technically television may be feasible, commercially
and financially it is an impossibility", he remarked. (Famous
In the case of the internet, the world was too
quick to anoint it as a transactional vehicle of e-commerce, rather
than the communications medium it really is.
The good news is that
as a result of the e-commerce focus, the internet attracted much more
attention from the "brick and mortar" companies than it
might traditionally warrant.