> 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
