12 Worst Tech Predictions Of All Time
February 19, 2011 05:59 AM The epic history of technology is littered with some incredibly lousy prophecies, often made by some very smart, very successful -- and very wealthy -- executives. We trolled the timeline of technology to find the most misguided -- and in some cases just plain crazy --calls in the industry's storied past, from the telephone to television to YouTube. Sure, it's easy to call out the most foolish forecasts with the benefit of perfect hindsight. It's also a lot of fun -- there are some doozies. And though your own all-time list might look a little different, this much is fact: As technology continues to plow forward, it will undoubtedly leave more preposterous predictions in its wake.
Taking The High Road To China
"We are on a tear to be the undisputed winner in China." --Meg Whitman, former CEO of eBay
How quickly momentum -- and confidence -- can change. Less than a year later, the online auction giant announced it would shutter its Chinese business. Whitman, meanwhile, set her sights on the California Governor's Mansion without success.