E-commerce: From billions to trillions (fwd)

Margaret mairead at mindspring.com
Mon Apr 19 08:43:32 PDT 1999

Michael Hoover forwarded :

>> 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.

I wonder who he imagines will do the buying, once sales and support folk are thrown out of work by this.

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