Tuesday, August 10, 2004

The New York Times > Technology > Seeing Google With the Eyes of Forrest Gump

The New York Times > Technology > Seeing Google With the Eyes of Forrest Gump "When the makers of the 1994 movie "Forrest Gump" sought a plot device that would render its main character fabulously rich, they cast him as an early investor in what Forrest Gump described as "some kind of fruit company": Apple Computer. By dumb luck, the movie suggested, its guileless hero had amassed so many millions that he could finance a Gump Medical Center, build a Baptist church and allow the family of his fallen friend Bubba to live in luxury.
In the real world, though, Apple would hardly make anyone's list of Wall Street's greatest hits, despite its considerable business accomplishments. Like Google today, Apple was a young but profitable company celebrated by the media when it made its stock market premiere in December 1980. But because much of its future potential was already factored into its initial offering price, few other than the company's founders and its venture capitalists can boast they got rich off Apple."

Interesting and timely reality check; definitely worth a read.
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