Comment: There are many examples of technological disruptors who succeeded to push "old-line" incumbents out far faster than investors anticipated or the incumbents could adapt. Here are a few...
- In 2008, Blockbuster CEO Jim Keyes told the Motley Fool that Netflix "isn't even on the radar screen in terms of competition". Just 2 years later, Blockbuster filed for bankruptcy.
- In 2006, Palm CEO Ed Colligan said of the newly announce iPhone "They’re not going to just walk in." Just 2 years later, Palm stopped making PDAs.
- In 2011, Nintendo president Reggie Fils-Aime dismissed mobile games. Just 4 years later, mobile game revenue overtook console game revenue.
- In 1977, DEC founder Ken Olsen said "There is no reason anyone would want a computer in their home,". Just 4 years later, IBM introduced the PC. Once the 2nd largest computer company in the world, DEC is now a footnote.