This is an enormously exciting opportunity to grow content businesses that combine the unique capabilities of the internet with the art and science of traditional programming.

Many organizations were initially scared of the Internet and email. Now there's hardly a workplace on the planet that doesn't have an Internet connection.

More important is the opportunity to up-sell Comcast high-speed Internet access. You're getting this subscriber base to bring their own access, and Comcast can sell them cable-modem service pretty aggressively.

We think the high correlation between Internet users and mobile phone ownership suggests an opportunity for wireless services or applications that can link aspects of personalization across multiple Internet platforms. Still, it will be crucial for companies to let consumers know just how they can leverage personalization opportunities across multiple access devices to their benefit.

The window of opportunity for Internet startups to get in before the big guys is closed in most cases. There's a difference these days from the heady early days. The cost of entry is getting higher by the week, and the venture-capital firms are more rigorous about their funding decisions.

We tend to reduce it to something simple like the Internet is good or the Internet is bad,