this comment will rival Gates' clueless comment that "The Internet Is A Fad".
There's no credible, sourced record of Gates ever saying "the internet is a fad" or anything to that effect.
The historical record actually points strongly in the opposite direction.
In May 1995, Gates wrote an internal memo to Microsoft's executive staff titled "The Internet Tidal Wave," in which he described the internet as something that "changes the rules" and pushed his team to aggressively expand Microsoft's online presence.
That same year, he appeared on the Late Show with David Letterman to promote Microsoft's newly launched Internet Explorer, touting the possibilities of the web.
In a 1997 New York Times article described Gates as having been "taken unawares by the internet's grassroots acceptance," suggesting he may have underestimated its speed of adoption by the general public — but that's quite different from dismissing it as a fad.