SAN FRANCISCO, March 2 — Next week Cisco Systems, a Silicon Valley heavyweight, plans to announce one of its most unusual deals: it is buying the technology assets of Tribe.net, a mostly forgotten social networking site, according to people close to the companies’ discussions.
This is an interesting move for Cisco, when have hardware makers ever excelled at software? It'll be interesting to see where this goes and if they can parlay this into a real service, or if it'll be so much hot air in the end.
Social networking to me sounds like the ".com" of the 2.0 age. So much hype, not enough profits. Not to say that myspace and youtube haven't made a few bucks, but really... does Nike really hope to attract us to start blogging on their site? Doens't it realize that it'll have to pay me to come blog for them and then no one would be interested in what they had to say (except maybe the odd 16 year old).
Social Networking for business? I guess LinkedIN would be the market leader there, why didn't they buy them. MAYBE I could see that going somewhere... but really, a bunch of old code from some ravers?
Download Rubyonrails, and set up your own in less time with better features - not that I know what they had, I'm totally blowing smoke out my ass, it's just the whole thing sounds so.... Fluff
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