41.   Established companies, in turn, must stop deploying the Internet on a stand-alone basis and instead use it to enhance the distinctiveness of their strategies.

42.   Established companies hope that spinoffs, and their stock options, will help them compete for the scarce talent they need.

43.   For decades, the established companies have provided high-quality voice service that, for the consumer, is essentially transparent.

44.   For established companies, the Internet challenge is to adapt to an accelerated technological shift.

45.   For the established cellular companies, analysts said, this is a sobering taste of the intensified competition to come.

46.   For one, some people say Microsoft is less and less like a startup in the forefront of the computer age and more like an established company.

47.   Have the established companies won?

48.   He said several deals are available for established companies looking for cash to grow.

49.   He views the recent battering of the technology sector as a buying opportunity for more established companies with proven business models.

50.   He looks for established companies that need a capital infusion and management help to keep growing.