To be sure, the telecom boom of the 1990s is not a done deal. Lawmakers and regulators could dampen the spending explosion by maintaining traditional barriers to competition among the various telecom players or by slowing spending on the Information Superhighway. But the lure of a new profit frontier and the fear of being left out are driving telecom companies to consider investment programs unthinkable a few months ago. That’s the best news the demand-starved U.S. economy has had in many a moon.
Predictor: Farrell, Christopher
Prediction, in context:In a 1993 article for BusinessWeek, Christopher Farrell and Michael Mandel look at the coming investment in networked communications. They write: ”To be sure, the telecom boom of the 1990s is not a done deal. Lawmakers and regulators could dampen the spending explosion by maintaining traditional barriers to competition among the various telecom players or by slowing spending on the Information Superhighway. But the lure of a new profit frontier and the fear of being left out are driving telecom companies to consider investment programs unthinkable a few months ago. That’s the best news the demand-starved U.S. economy has had in many a moon.”
Date of prediction: November 1, 1993
Topic of prediction: Economic structures
Subtopic: General
Name of publication: BusinessWeek
Title, headline, chapter name: What’s Arriving on the Information Highway? Growth
Quote Type: Partial quote
Page number or URL of document at time of study:
Page 40
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney