It is his depiction, from 1974, of the future of telephony.

这是他在1974年关于电话的未来的设想。

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But the future of telephony probably lies in packet switching.

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Who will dominate the future of unified telephony?

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So his team is positioning the fund for the future by investing in telecommunications companies with good cash flow - likely candidates to benefit from the convergence of telephony and computers.

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