When I was a product manager for Intel in the early 1980s, Seagate Technology came out with a 20 megabyte hard drive and some people said, no one will ever need that much memory, which sounds ridiculous now, of course. The same thing is happening with bandwidth. In five years, we will be consuming bandwidth at unprecedented rates because we ll be doing things that you and I cannot even anticipate today. The reason we will consume it is because it s cheap, and it s going to be easy to access. As a result, voice communications, the way we re talking now over the circuit switched network is obsolete, like propeller airplanes at the time jet engines were invented.
Propeller planes work fine.
Clearly, people are going to fly on jet airplanes. So the circuit switched voice network is going to die, and it s going to die very quickly. As a result you re going to run all your voice and video communications over the data network. We, and our competitors, develop the technology to do that. There s this great shift, this battle of the giants going on.