IBM

Some sayings when brought to light later on seem downright strange. In 1943, Thomas Watson, the president of IBM said, "I think there's a market out there for about five computers." And who could forget the famous words of Charles Duell, the director of the American Patents Office in 1899 when he said, "All that could be invented has been invented." And finally, an internal memo going around the Western Union office in 1876 said that the telephone has too many imperfections for it to be taken seriously as a means of communication.