"Eric Schmidt, chief technical officer of Sun Microsystems, is one of the few men who have measured this coming tide and mastered some of its crucial implications. His key insight is that the onrush of bandwidth abundance overthrows Moore's Law as the driving force of computer progress. Until now progress in the computer industry has ridden the revelation in 1979 by Intel co-founder Gordon Moore that the density of transistors on chips, and thus the price-performance of computers, doubles every 18 months. Soon, however, Schmidt ordains, bandwidth will be king.

Bandwidth is communications power--the capacity of an information channel to transmit bits without error in the presence of noise. In fiber optics, in wireless communications, in new dumb switches, in digital signal processors, bandwidth will expand from five to 100 times as fast as the rise of microprocessor speeds. With the rapid spread of national networks of fiber and cable, the dribble of kilobits (thousands of bits) from twisted-pair telephone lines is about to become a firehose of gigabits (billions of bits). But the PC is not ready. Attach the firehose to the parallel port of your personal computer and the stream of bits becomes a blast of data smithereens."

https://www.discovery.org/a/35

https://en.wikipedia.org/wiki/Eric_Schmidt