We saw at least 22 countries where journalists have been jailed for Internet reasons, so it's not unique to China. Other countries are waiting and watching to see how it plays out in China.

The hardest sector hit [on Monday] was Internet infrastructure software companies, which until a week ago were holding up really well, ... Historically, when all the tech stocks are hurting, that would signal that the market is finally bottoming.

I think [with technology] we had a two-year run that was fantastic and the Internet is off the front burner. It really is in trouble. You look at the top three market caps -- AOL, Yahoo!, and Amazon, the technical trends are very mediocre to negative. And that's true of most of the others as well in the Internet area. So I wouldn't be so hot on tech especially at this time of the year when risk taking is really not a good idea. This is the worst seasonal period of the year going into late September and October. Now we may have one more little move up to the summer rally highs, but I wouldn't be chasing it,

The internet will catastrophically collapse in 1996.

Longer term, the vision is to put all functions on the Internet.

Whether or not the U.S. will accept any changes to its current role in managing the Internet remains to be seen, ... Let's just say there's now a lot of momentum to do so.