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Technology Stocks : Open Market (OMKT)
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To: Batgirl who wrote (1468)4/18/1999 3:51:00 PM
From: steve poon  Read Replies (1) of 2004
 
E-commerce to Explode by 2005, says Cicso Chief (CBS Newswire)

from the bvsn board

LOS ANGELES (CBS.MW) -- Electronic commerce will rise 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, said Cisco (CSCO: news, msgs) Systems Chief
Executive John Chambers.

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 told attendees at the Spring Internet World in Los
Angeles.
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