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Moody was one of the first commentators to write about the Internet and business. The column began as hyperlinks and the graphical version of the World Wide Web made it into a mass medium.
The initial public offering of Netscape in August 1995 for $3bn showed that there was money to be made from the Internet, Moody said.
Crazy schemes almost ruined it. The subsequent backlash has been used by old economy companies keen to recover lost ground, he said. Increasingly Draconian laws have compounded the effect.
The open source movement is the future of IT, says Moody.