"I think there is a world market for maybe five computers."
-- Thomas Watson, chairman of IBM, 1943
"There is no reason anyone would want a computer in their home."
-- Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977
"The concept is interesting and well-formed, but in order to earn better
than a 'C,' the idea must be feasible."
-- A Yale University management professor in response to Fred Smith's paper
proposing reliable overnight delivery service.
(Smith went on to found Federal Express Corp.)
"Heavier-than-air flying machines are impossible."
-- Lord Kelvin, president, Royal Society, 1895.
"Stocks have reached what looks like a permanently high plateau."
-- Irving Fisher, Professor of Economics, Yale University, 1929.
"Louis Pasteur's theory of germs is ridiculous fiction".
-- Pierre Pachet, Professor of Physiology at Toulouse, 1872
"640K ought to be enough for anybody."
-- Bill Gates, 1981
"The bomb will never go off. I speak as an expert in explosives."
-- Admiral William Leahy, U.S. Atomic Bomb Project.
I did come across an interesting letter that is not necessarily relevant to this discussion but might be worth reading:
There is no evidence for the Gates alleged quote. Same for the Watson alleged quote.
As far as Smith and FedEx goes, according to Smith himself he wrote one paper that touched on the idea while an undergraduate. He doesn't remember what his grade was. The "C" notion came about, he says, because a reported asked him what his grade was and he said "I don’t know, probably made my usual C". [1]
The Ken Olsen quote is taken way out of context. He was thoroughly aware of personal computers in 1977. He was referring to behemoth home automation systems:
Well, here he's not saying that its safe, and never going to have problems.. He's saying its a bad design.. which I think he's competent enough to recognize the physics of
