Yahoo vs Kelkoo Pt 2
I recommend reading the Slashdot thread - lots of good stuff there (for a change).
The thread makes one point I agree with - the dominant design in this space has yet to be discovered by the market, so it's going to be one of the hot markets after search itself. Fairly obvious.
Henrik's comments to the left are quite cool - my point was that resources like these need to be both protectable and valuable for this valuation to work (if you agree with strategy orthodoxy). While I think these resources are defensible, I don't think they're inherently valuable - for the reasons I listed below. Make sense? Maybe not - because now we're up against one of the big questions in strategy: where do resources come from? Put another way, what are the mechanisms of resource creation?
You could take a look at this paper by Winter and others (PDF), which is shaping up to be the seminal answer.