Knowledge and Information: a Discussion

Here's a dicussion about Knowledge and Information: a Discussion.
We also had a lots of discussion about knowledge and information, you can seldom get a conclusion that can be accepted by everyone. But whatever, it's a term, if any guys don't like KM, they have the right to use their own term. God Bless that others can know what they are discussing! Hunderds of new terms were generated per day on the internet.
The key point is that how you want your KM to do. If you begins from the end and then go back step by step, what will you find?
1. we need to avoid re-invent wheels
2. there's someone who knows how to make wheels
3. Whatever it's infomation or knowledge, when others come to him, they will know how to make wheels.
4. For others, he will spend less time and money to make a wheels
5. In general, we saved time or money.
That's all.
What's the key? The things(you can call it knowledge or information as you like) that teach guys to make wheels is what we need to managed.