May 6, 2001 10:33 AM

Bob Davis: "It's a mistake to look at the Internet as an industry. The Internet is a medium that enables hundreds of thousands of businesses across thousands of industries reach more customers, perform better services, and innovate product. To place Terra Lycos, Amazon.com, and Internet Capital Group in the same "Internet-industry bucket" is crazy. We have about as much in common as Revlon, Procter & Gamble, and Sears, Roebuck, and Co."

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