Ascend Communications-News Only!!! (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sector Investor who wrote (565)	11/18/1997 8:11:00 PM
From: blankmind	Read Replies (1) of 1629

Cisco CEO Eyes E-Commerce Boom techweb.com (11/18/97; 2:35 p.m. EST) By John Borland, TechWeb LAS VEGAS -- Cisco CEO John Chambers said Tuesday electronic commerce will top $1 trillion by 2001. Chambers, giving the keynote speech at Comdex/Fall, said e-commerce was accelerating and should easily outpace projections of $300 million by 2001. The networking giant alone estimates sales of $15 billion to $30 billion by 2001, said Chambers. "I think this is going to happen at a much faster pace if we stay on our growth curve," he said. Chambers, who was heckled at the beginning of his speech by a labor representative, said companies both large and small face a stark choice: adopt Internet technologies or die. "The companies who deploy these technologies will win," he said. "Those who don't will be left behind." Business-to-business sales will drive e-commerce and companies that take advantage of their networks will thrive, said Chambers, who was stumping for Cisco products. Cisco conducts 39 percent of its business via the Internet. The company, based in San Jose, Calif., has grown from annual revenue of $70 million in 1991 to $6.4 billion in 1997 making it the largest networking company. Chambers was mum on market share or projections for the next quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next