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I remember the difficulty we had in the beginning replacing magnetic cores in memories and eventually we had both cost and performance advantages. But it wasn't at all clear in the beginning.
The technology at the leading edge changes so rapidly that you have to keep current after you get out of school. I think probably the most important thing is having good fundamentals.
If you'd asked me in 1980 what the big impact of microprocessors would be, I probably would have missed the PC. If you asked me in 1990 what was important, I probably would have missed the Internet.