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Storage prices set to plummet

By Julian Goldsmith

Published: 18 June 1999 00:00 BST

Lucio Stanca, IBM's Europe, Middle East and Africa chairman, has predicted a massive drop in the cost of data storage.

Speaking in Copenhagen, Stanca said the price per megabyte of data storage has plummeted from $100 in the early 1980s to 10 cents today. In two years, the price will fall as low as two cents, he claimed.

Stanca also touched on the exponential growth of processing power in modern computers and the boundless expansion of communications bandwidth being opened up for use. He predicted that by 2000, a data rate of a trillion bits per second will be demonstrated.

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