LYCOS RETRIEVER 
Moore's Law: Decades
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Moore's Law is one measure of the pace of this "steady evolution." Its regularity is daunting. The invention of the transistor, and to a lesser degree the integrated circuit a decade later, represented significant scientific and technological breakthroughs, and are both classic examples of the Schumpeterian view of "creative destruction" effects of innovation. This is evidenced by the literal creation of an entire new semiconductor industry at the expense of the large electronics firms that dominated the preceding vacuum tube technological era. This period of transition from old technology to new technology is characterized by instability, and factors that underpin very irregular performance. This would be considered a shift in the economic and technological paradigm (Dosi 1984, 1988) similar to Constant's (1980) account of the "Turbojet Revolution" where the invention of the turbojet, along with co-evolutionary developments including advancements in airframe design and materials, enabled significant performance improvements in air speed and altitude.
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February 14, 2005 (Computerworld) -- Moore's Law has been going strong for decades. And for all that time, IT has kept sopping up the resulting compute power, on clients and servers alike. Not for nothing is it said, "Intel giveth and Microsoft taketh away."
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Probably no one over the last decade has been a greater beneficiary--or been more at the mercy--of Moore's law than Marc Andreessen. As the young cofounder of Netscape Communications, he was the Internet's first superstar, the poster boy of the Web's genesis. Netscape's 1995 IPO made Mr. Andreessen rich and set off the dot-com boom.
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