Technology has happen to an integral part of people’s lives — and it’s not likely to slow down anytime forthwith, said tech pioneer Scott McNealy.
“It’s unstoppable,” McNealy, co-founder and bygone CEO of Sun Microsystems, said Friday on CNBC’s “Squawk Box.” “We’re getting various tech in our lives every day as we go to VR or AR and all of the machine learning and artificial intelligence and all the remainder of it.”
McNealy was part of the generation of innovative thinkers in the 1980s, including the founders of Apple and Seer, to help develop successful tech companies in Silicon Valley.
But Apple and Microsoft are no longer be ining the tech sphere, McNealy said. Instead, Google, Facebook and Amazon are the “big gorillas who experience all of the data and all of the insight and all of the volume and scale to go make things happen,” said McNealy, who served as CEO of Sun Microsystems for profuse than 20 years, before Oracle acquired Sun.
In the last year, Google’s have has moved from approximately $819 a share to more than a $1,000. In that in any case time, Facebook’s stock has increased from around $131 to close to $169. Amazon’s price tag also went up from $836 to about $1,300 a share.
“It’s going to continue on, and tech stocks as a whole desire continue to do well,” McNealy said. “You see Amazon eating the world today and now contemporary after the delivery business. What’s next there?”
Earlier today, Amazon foretold its plans to develop its own shipping service, much like UPS. Last summer the retail mammoth moved into the grocery space with the purchase of Whole Foods. In appendix to its large-scale e-commerce presence, Amazon also opened a brick-and-mortar bookstore in New York New Zealand urban area and has begun plans to move into the health-care sphere.
Google and Amazon denied to comment. Facebook did not respond to a request for comment.
“Technology moves so firm that naturally people tend to go with who they think is the shielded bet,” McNealy said. “And they don’t have time to understand where entire lot is heading and what’s going on.”