Excerpt from:
Internet Daily
Court to AOL: You've got no claim
By Frank Barnako, CBS MarketWatch
Last Update: 1:42 PM ET Aug 16, 1999
Listen to Internet Daily
Online stock traders could triple
As many as 16.28 million investors -- 3.2 times the number of current
online investors -- are poised to begin trading online, according to a
research report. Gomez Advisors Inc. and Harris Interactive also said
their research shows 5.1 million online investors have traded at least once
during the past six months. Gomez's Alex Stein said the online study of
20,119 adults showed a pool of investors waiting in the wings. "It's clear
those customers haven't heard what they want to hear from the online
brokers yet," he said.
Web surfing rises in July
Summer hasn't slowed down the Internet. The average time spent online
increased from 7 hours, 11 minutes to 7 hours, 45 minutes, from May to
July, an increase of 10 percent, according to Nielsen Media Research
(NMR: news, msgs). The report said kids and teens especially have been
spending more time online this summer. Time spent by teens (ages 12-17)
jumped from an average of 5 hours, 42 minutes in May to 7 hours, 4
minutes in July, an increase of 24 percent, while youngsters (2-11)
boosted their online usage 21 percent to 2 hours, 1 minute.
Frank Barnako is a reporter for CBS MarketWatch. He has owned
shares in America Online since April 1995. |
