January 08, 2013, 2:26 PM —
If you're searching for a fountain of youth, the easiest way to get that feeling of continual rebirth is to hang around a few tech product launches. Every new rollout comes with the fresh, unabashed feeling that this has never been done before. Ever.
But it has. Apple has been bringing us "one more thing" for more than 30 years. Even the iconic commercial introducing the Macintosh is nearing 29 years old. Newness has never been so old.
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Hype notwithstanding, the computer industry has already been through a number of generations. IBM has roots in tabulating companies that began about 130 years ago. That's three 40-year generations of tabulation and computing work without overlap.
In practice, new generations overlap quite a bit. The Internet is easily more than 30 years old, but it wasn't widely open to nonresearchers until about 20 years ago. During those 20 years, there have been at least three different bubbles, each with a feeling all its own.