Textbites

"I think 90 per cent of Internet deals are going to fail. I'm not ignoring the fact that can happen any minute

"I think 90 per cent of Internet deals are going to fail. I'm not ignoring the fact that can happen any minute. That's why you've got to be very careful, you've got to be looking at infrastructure, you've got to cut your losses quick. That's what makes it exciting." - Joe Bloggs founder Shami Ahmed announcing plans to enter the e-commerce world with Legendary Investments, an Internet investment fund.

"More and more we are going to see a situation where a wire telephone hooked to a wall will become an object of some surprise." - Qualcomm CEO Irwin Mark Jacobs predicting the death of wired phones by 2005.

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