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To: Pete who wrote (23)	11/23/1999 6:17:00 PM
From: New Economy	Read Replies (1) of 169

John Chambers (CEO) of Cisco Systems summarised the Internet Economy in Four Layers. The greatest potential for investors will be in companies involved in the Application Infrastructure! Layer #1: Internet Infrastructure Layer #2: Application Infrastructure: Layer #3: Intermediary/Market Maker Layer #4: Internet Commerce: Internet Infrastructure accounted for the greatest revenue volume out of all four layers ($115B). Layer #1: Internet Infrastructure Companies that manufacture or provide products and services that make up the Internet network infrastructure includes: Internet backbone providers Internet service providers Networking hardware and software companies PC and Server manufacturers Security vendors Fiber optics makers Line acceleration hardware manufacturers Research conducted by University of Texas and other Internet research experts confirm my belief that there will be continued growth in companies that seek to improve the Internet Infrastructure. The greatest potential for investors will be in companies involved in the Application Infrastructure!

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