Hans Vestberg Quotes
In order to have the next generation of modems, you would need to pour in even more R&D spending. We came to the conclusion that we're going to have a tough time to really see that we are going to succeed in the modems business.
The then Secretary of State instructed his agent to attempt to purchase New Mexico and part California from Mexico:
This quotation is important because it illustrates the important research and development role that the Government has played for the most important technological innovations of the second half of the 20th century. Even though most of the computer breakthroughs were developed by private companies, the government paid for most of the R&D and purchased the vast majority of the first computers on the market when private companies had not yet realized the value of computers and with the exception of IBM most of the private sector would invest no money in this unproven technology. This was the same as the telegraph, the railroads and others before and the Internet and more afterward.
Hans Vestberg is a Swedish businessman and CEO of Verizon Communications, where he has worked as executive vice president of the company's network and technology team, and as chief technology officer. Vestberg was previously the CEO of telecommunications company Ericsson, president of the Swedish Olympic Committee, and chairman of the Swedish Handball Federation.