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Non-Tech : Amati investors

AMTX 1.450

-4.0%

3:59 PM EST

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To: Robert Page who wrote (17359)	5/11/1997 9:25:00 PM
From: pat mudge	of 31386

[LA Times' Flanigan on GTE] <<<"The future is as predictable as an on coming locomotive." "GTE has decided last week that it would try to get ahead of the locomotive rather than wait to be run over.">>> <<<I'm glad to see AMTX is on the cutting edge of this new "phenomenon".>>> Harly -- A great find! Having posted the "starting gun versus atomic blast" comment, I'm relieved to know my favorite business editor bar none came to the same conclusion. I was beginning to think I'd lost it. I checked the online edition: latimes.com and I think you hit most of the highlights. The following stats should add to our confidence, if the dollar amounts didn't. <g> <<<The field is so new that many people have only a vague notion of how business is done on the Internet. But it's a revolution. Electric utilities now swap supplies of electricity over the Internet every minute of the day. Newspapers are being visited for information; the Los Angeles Times Web site gets more than 6 million visits a month. Online banking is growing exponentially. Wells Fargo & Co. is adding 1,000 Internet customers a day. Net transactions cost roughly 1/40th that of traditional methods. Reductions of that magnitude indicate a historic shift. And the growth has only just begun. A new survey says that 31 million Americans--12% of the population--now use the Internet for some purpose. User percentages are lower in other countries. Many still find it complex and clumsy but are confident that software improvements will make usage easier. The future is as predictable as an oncoming locomotive: The Internet will grow. So no matter what your business or job or particular investments, take a fresh look and consider how Internet commerce and practice will affect them. Because you can be sure it will affect them. GTE decided last week that it would try to get ahead of the locomotive rather than wait to be run over. >>>> I should have known Flanigan wouldn't disappoint me. Cheers! Pat

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