Judging by CSCO's share price they like his CES speech......Never sell your winners is what they say, but I did....and bought some CUBE.
So if CUBE ever becomes a winner 'goona keep it. Now if he really meant what he said than we should see CSCO start to change its buying habits and move onward from Voice over IP to things closer to CUBE/DIVI.
NEWS FROM CES: Chambers Touts 'Net Revolution' During
Keynote - -January 9, 1999
By Cathy Ciccolella
The Internet will be "the major driver of change in the next millennium," having
as much impact on the way we live over the next 20 or 30 years as the
Industrial Revolution had on life in the late 1800s, says John Chambers,
president/CEO of Internet networking firm Cisco Systems.
In his technology keynote address yesterday, Chambers detailed how the
Internet will affect all aspects of life in the next few years: in business, in the
home and around the world. "Everyone and everything will be connected,"
Chambers declared. He predicted that in the next five years long-distance
phone calls "will be commoditized and become free," education will shift
strongly to Internet learning, and constraints of time and distance will
disappear.
"We will see globalization of businesses and people," Chambers said. "There
will be a level playing field for all companies and countries."
During his presentation, Chambers demonstrated how the Internet could be
used for such remote functions as turning on a home air conditioner from the
office, arming a home security system, or setting a romantic ambiance by
lowering the shades, turning on a gas fireplace and striking up a digital
piano/violin serenade -- all via an Internet connection.
He also predicted such futuristic products as a web-based microwave oven
with a web browser on its door panel??, or a rotating web screen built into a
car's dashboard.
Another major factor in the Internet revolution will be soaring growth in
e-commerce, Chambers said. Noting recent predictions that e-commerce will
be a $1.1 trillion business by the year 2002, he declared, "The Internet is
changing all kinds of shopping, by 2005 more than 50% of the cars sold will
be sold over the Internet.
"The Internet revolution will occur over the next two or three decades,
creating an Internet economy," Chambers said. He closed by asking his CES
audience, "Are you ready?" |
