Mobile Internet Wave Coming: Who Wins?

If a "fifth wave" of computing is about to break, as analysts at Morgan Stanley clearly believe, the issue is who the wave's new winners and leaders will be.

The history of computing suggests that the companies that lead the prior wave do not lead the new wave.

Morgan Stanley seems to think that as social networking and mobility combine, a company such as Facebook could wind up in the "Mobile Internet Computing" leaders category.

Morgan Stanley also is high on Apple making the cut, as well. Should Apple pull that off, it would make history.