Bill Gates Predicts The End of the Yellow Pages
According to the Seattle Post Intelligencer, Bill Gates said that society is set for a dramatic shift to digital media. He predicted that within five years, almost everyone younger than 50 will stop using the printed Yellow Pages. He also said, "Reading is going to go completely online. We believe that as we get the smaller form factor, the screen has gotten good enough. Why is reading online better? It's up to date, you can navigate, you can follow links." Click the link to read the whole article. There is also buzz that Microsoft is thinking of buying Yahoo which is continuing to struggle to with profitability. Today Yahoo announced that they are ending their online auction service for North America.
Google's advertising revenue of $10.5 billion last year dwarfed Microsoft's advertising of about $1.5 billion for its 2006 fiscal year. But Microsoft makes most of its revenue from licensing Vista software, not from advertising.