To: PartyTime who wrote (69 ) 7/29/1999 4:14:00 PM From: Gutterball Respond to of 1556
Cicso Systems VP Tells StockHouse.com Voice Communication Will Absolutely Be Carried By IP; Forecasts Internet Telephony's 30-50% Growth Will Drive Telecom Industry SARASOTA, Fla., July 29 /PRNewswire/ -- ''Whether the (telecommunications) industry likes it or not, voice is absolutely going to be carried by IP (Internet telephony),'' to the tune of a 30-50% growth rate , predicts Gordon Astles, vice president for Cisco Systems (Nasdaq: CSCO) Americas/International. Commenting in a StockHouse.com interview on future industry trends and Cisco's role, Astles added that, ''IP being Cisco's focus means that the voice market is coming to Cisco, not the other way around. We have to learn voice, and everybody else has to learn IP.'' The Cisco executive told StockHouse that the Internet explosion -- especially in emerging countries -- should bring the IP market to $200 billion in the next five years from its current level of $130 billion to $150 billion. He noted that half of Cisco's future business is expected to come from service providers as the company positions itself ''to be the worldwide leader of networking for the Internet.'' View the entire interview online at stockhouse.com or, hyperlink to stockhouse.com . StockHouse Media Corporation owns leading online communities that cater to the Internet's affluent Netizens. Internet financial media service, StockHouse.com, provides breaking news about North American stocks. With over one million visitors per month, StockHouse.com has emerged as a premier, online, global financial content provider. StockHouse Australia stockhouse.com.au has been nominated the Investment/Financial Site for the Australian Financial Review/Telstra Australian Internet Awards (1999). The AFR/Telstra Awards is the premier competition for acknowledging and celebrating the achievements of Australian talent and expertise on the Internet. StockHouse Canada is the #1 Canadian financial website, where an estimated 21% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States of America, Canada, Australia, and Hong Kong. StockHouse Contact (Media Only): StockHouse Media Corporation EMAIL: media@stockhouse.com WEB: stockhouse.com SOURCE: StockHouse.com