"Thus, for example, 1 kbps (one kilobit per second) is equal to 103, or 1,000, bps (bits per second); 1 Mbps (one megabit per second) is equal to 106, or 1,000,000, bps. (The lowercase k is the technically correct symbol for kilo- when it represents 103, although the uppercase K is often used instead.) When binary data is stored in memory or fixed media such as a hard drive, diskette, ZIP disk, tap" . . . .