The home build-out will end up costing less than two thousand bucks per home.
Predictor: Gates, Bill
Prediction, in context:In a 1993 article for Red Herring magazine, Anthony B. Perkins interviews Microsoft CEO Bill Gates at the European Technology Roundtable Exposition. Gates says: ”I think that even when you include the converter box, the fiber infrastructure, and the switch, the home build-out will end up costing less than two thousand bucks per home. All you have to generate is $15 to $20 a month per subscriber, and you can easily make up for that expense. The revenues that will be generated by the initial interactive services, such as movies, shopping and video conferencing will justify the big capital investment. I think that the cable companies will be able to get as much debt financing as they need.”
Biography:Bill Gates, the most influential technology entrepreneur of the late 20th century, was the primary author of the prediction-packed 1995 book “The Road Ahead” and is the founder and CEO of Microsoft Corporation. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1993
Topic of prediction: Information Infrastructure
Subtopic: Cost/Pricing
Name of publication: Red Herring
Title, headline, chapter name: Bill Gates: An American Gladiator in the Digital Arena
Quote Type: Direct quote
Page number or URL of document at time of study:
http://www.redherring.com/mag/issue05/
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney