Patents and Inventions How to earn long run profits! Dr. Pantuosco

“Everything that can be invented has been invented.” Charles H Duell, Commissioner of the US Patent Office 1899

“I think there is a world market for maybe five computers.” Thomas Watson President of IBM, 1943

Executive at 20th Century Fox, 1946 “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” Darryl Zanuck Executive at 20th Century Fox, 1946

Robert Metcalfe Founder of 3Com, 1995 “Almost all of the many predictions now being made about 1996 hinge in the Internet’s continuing exponential growth. But I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.” Robert Metcalfe Founder of 3Com, 1995

Accidental Invention Percy Spencer, an engineer at Raytheon, was known as an electronics genius. In 1945, Spencer was fiddling with a microwave emitting magnetron – when he felt a strange sensation in his pants. A sizzling even. Spencer paused and found that a chocolate bar in his pocket started to melt. He realized that the microwave radiation of the magnetron was to blame. Spencer immediately set out to realize the culinary potential at work. The end result… a microwave oven. . http://www.nbcnews.com/id/38870091/ns/technology_and_science-innovation/t/greatest-accidental-inventions-all-time/#.WBYWvi0rKCh

Coca Cola was intended for medical purposes Now over 1.8 billion bottles are sold per day