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Article: New Economy prophets upbeat despite Wall Street's loss of faith THE WORLD ECONOMIC FORUM : Delegates seek to put a positive gloss on events, although storm clouds are hovering over the global economy
- Article from:
- The Independent (London, England)
- Article date:
- January 29, 2001
- Author:
CopyrightCopyright 2001 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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THE TECHNOLOGY boom is over, the US economy is stalling, and New
Economy share prices are in the doldrums, but nothing can dent the
optimism of those two titans of the digital age - Bill Gates of
Microsoft and John Chambers of Cisco.
Here in Davos yesterday, the two gave an impressively upbeat view
of the continuing power of information technology to transform our
lives and the efficiency of business.
"For the long term, I have never been more optimistic", said Mr
Chambers, president and chief executive of the networking products
company, Cisco Systems. "Yes, things are slowing down much more
swiftly than people thought they would, but I believe it is a couple
of quarters phenomenon.
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