On the one hand, it is being disintermediated by the internet (the internet is eating its lunch).

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Many people objected to me suggesting that Amazon could be disintermediated by social or mobile in the future.

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An information web, linked by a common language, makes that disintermediated model of finance a more realistic possibility.

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This disintermediated market has so far avoided both banana skins and lemons.

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And the success of this 19th century venture capital deal did what venture capital tries to do today, 150 years later--it "disintermediated" the incumbent industry.

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Eventually CFAO may be disintermediated as markets develop and big firms begin selling directly, but that will probably take generations, says a banker involved in the listing.

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The fear is that some risks ended up with those who least understood what they were getting into, and fear is a potent force in this disintermediated world.

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Companies will be disintermediated, will see the erosion of their market share as new entrants muscle in, and technology companies will threaten the position of incumbents in more and more industries, threatening profitability.

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