[teddyh]

The problem is, what qualifies as a “last mile product”? AOL before 1991, and CompuServe before 1989 were complete packages, essentially entire Internets, provided by one company. Neither one of them probably liked the Internet to come into a position to replace a large part of their products. It’s the same everywhere – everybody want to commoditize their complements, but almost every product is a complement to somebody else’s product.