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Non-Tech : pamc
PAMC 46.54+1.8%Nov 5 4:00 PM EST
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To: Steven M. Kaplan who wrote (234)4/17/1999 1:50:00 PM
From: Steven M. Kaplan  Read Replies (1) of 570
 
E-COMMERCE: FROM BILLIONS TO TRILLIONS

LOS ANGELES (CBS.MW) -- The so-called Internet economy is looking
awfully big. So big that -- if we're to believe John Chambers, chief of Cisco Systems (csco) -- electronic commerce will boom to more than $3 trillion by 2005 and could account for as much as 25 percent of the world economy by 2010 as high-speed networks allow corporations and individuals to transact business at thousands of times the current rate. The growth will be propelled by productivity gains from widespread adoption of high-speed networks, which allow voice, video and data to be transmitted instantly around the world, Chambers said at the spring Internet World expo.

cbs.marketwatch.com
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