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Thursday, December 01, 2005

Bad Predictions in Business History

"I think there is a world market for maybe five computers." --Thomas Watson, Chairman of IBM, 1943

"I have travelled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." --The editor in charge of business books for Prentice Hall, 1957

"This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." --Western Union internal memo, 1876.

"The concept is interesting and well-formed, but in order to earn better than a 'C,' the idea must be feasible." --A Yale University management professor in response to Fred Smith's paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.)

"Who the hell wants to hear actors talk?" --H.M. Warner, Warner Brothers, 1927

"We don't like their sound, and guitar music is on the way out." --Decca Recording Co. rejecting the Beatles, 1962.

"Heavier-than-air flying machines are impossible." --Lord Kelvin, president, Royal Society, 1895

"Airplanes are interesting toys but of no military value." --Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre.

"Everything that can be invented has been invented." --Charles H. Duell, Commissioner, U.S. Office of Patents, 1899

"Louis Pasteur's theory of germs is ridiculous fiction". --Pierre Pachet, Professor of Physiology at Toulouse, 1872.

"The abdomen, the chest, and the brain will forever be shut from the intrusion of the wise and humane surgeon". --Sir John Eric Ericksen, British surgeon, appointed Surgeon- Extraordinary to Queen Victoria 1873.

"640K ought to be enough for anybody." -- Bill Gates, 1981
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1 Comments:

Blogger Suhel Banerjee said...

Awesome quotes those. Loved every one of them!!

12:40 PM  

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