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"They cannot make these drugs using the old technologies," said Mr. White of Monsanto's Integrated Protein Technologies.
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The current Everyme app is still using the old technology, Cameron says, for example in the way that it looks at your social network data to automatically sorts people from your address book into circles.
"The best people have learned to use the old technology and bring it into the digital realm," he says.Jan Vost, for 30 years the proprietor of Boekie Woekie, an artist bookshop in Amsterdam, has been watching it all unfold.
"It was such a fundamentally different technology that came in, so there was no way to use the old technology to meet the challenge".Kodak's blunder was not like the time when Digital Equipment Corporation, an American computer-maker, failed to spot the significance of personal computers because its managers were dozing in their comfy chairs.
The NYSE, which, like Merrill until this week, has long claimed that Wall Street's traditional methods are superior to new-fangled Internet-based alternatives may be contemplating a spot of cannibalism of its own.Its Big Board is now the only large stockmarket in the world that continues to use the old technology: a crowd of people on a floor shouting and jostling.
Using the older-process technology will also mean that the Dalian facility cannot make Intel's most advanced microprocessors.
Even 15 years later, much of the country has to rely mainly on DSL technology using the old copper network.
Cox already sells phone services to around a million customers using the older circuit switch technology.
Most of Micron's U.S.-based factories, or "fabs," are turning out memory chips with 0.15-micron-wide transistors (a micron is one-millionth of a meter), while most of its overseas fabs are still churning out chips using the older 0.18-micron technology.
The hitch is that many television sets still use an older technology called composite video whose image clarity is inferior to both S-video and high-definition television.
The Isis cancer drug, however, uses the older antisense technology.
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