E-commerce: From billions to trillions (fwd)

[Michael Hoover]

> CBS Last Update: 8:48 PM ET Apr 16, 1999
> LOS ANGELES  -- The so-called Internet economy is looking awfully big.
> So big that -- if we're to believe John Chambers, chief  of Cisco
> Systems  -- 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.

forwarded by Michael Hoover