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There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure.

The internet population is going up and up. I am confident that this will be a huge market.

Today we have 1 billion users on the Net. By 2010 we will have maybe 2 billion.

We are No. 1 worldwide by quite a margin on the client side and expanding, according to IDC and others, every single quarter. Our expectation is that the industry will consolidate and that more of our competitors will exit.

I myself saw Yahoo become a $100 billion company and then become a $10 billion company, so you always have to look at valuations with a grain of salt and understand it is a point-in-time measure.

I'm projecting somewhere between 100 million and 200 million computers on the Net by the end of December 2000, and about 300 million users by that same time.

Cisco projects that in 2020, now just five years away, there will be seven billion people on the earth and 50 billion devices connected to the Internet. Six-and-a-half devices on average per person. As a father of five young adults and teenagers, I think we are - in my household, we've exceeded the 6.5 number.

There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.

Eight billion people will have Internet access by 2020.

The future has already arrived. It's just not evenly distributed yet.