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To: Cameron who wrote (21620)	4/16/1999 5:39:00 PM
From: SirVinny	Read Replies (2) \| Respond to of 37507

Therefore it is quite possible that although the approval is imminent, it may not have been finalized YET. Oh, Boy!!! Tough day Monday. :( SirVinny

To: Cameron who wrote (21620)	4/16/1999 5:41:00 PM
From: SirVinny	Read Replies (1) \| Respond to of 37507

To ALL NET NAYSAYERS: cbs.marketwatch.com Cisco CEO sees e-commerce in the trillions By Michael Stroud, CBS MarketWatch Last Update: 0:07 AM ET Apr 16, 1999 NewsWatch 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. With devices such as intelligent phones and quick, inexpensive access to information, small businesses will be as equipped to compete in the global marketplace as larger concerns, said Chambers, who heads up one of the world's leading networking concerns. "This levels the playing field between companies in a global way we haven't seen before," he said. The change to an Internet economy is happening at least seven times faster than previous economic transformations as companies with both computers and Web access are able to switch rapidly to e-commerce models for their business. The rapidity of that transformation is borne out by the experiences of other Spring Internet World attendees like Intel Corp., which Wednesday told CBS.MarketWatch.com that it now transacts about $1 billion of its business each month on the Internet - up from almost nothing last June. The company said it expects as much as 90 percent of its business to be transacted over the Internet in the next few years. As single networks carrying voice, video and data replace separate networks, the cost for these services will drop dramatically and voice fees will ultimately be offered for free - much as email is provided today some Web companies eager to attract new customers to their sites, Chambers said. Similarly, companies that offer the networks will make money from add-on services, Chambers said. Cisco has developed new products to capitalize on new all-in-one networks. Chambers demonstrated a new intelligent phone that plugs into a network jack rather than a traditional phone jack, and can move from node to node on a company's internal network while retaining the same extension.