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Technology Stocks : All About Sun Microsystems
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To: Haim R. Branisteanu who wrote (17086)6/13/1999 2:39:00 PM
From: Marvin Mansky  Read Replies (1) of 64865
 
CISCO FINANCES SURVEY - FINDS INTERNET BIGGER THAN EXPECTED

The survey, performed by the University of Texas found that U.S. companies
generated $301 billion in revenue last year from online-related goods and
services. Sales by intermediaries, like stock trades and online travel agents,
totaled $58 billion in 1998, the study found. Nearly half the total came from
the hardware and software used to build the infrastructure of the Internet and
electronic commerce. The study found $56 billion was spent last year on
software, consulting and training to provide Internet services and another $115
billion was spent on hardware and software to run the lowest layers of the
global computer network.

Starting from almost no online commerce three years earlier, it was said that
the growth rate is nothing short astounding. The study also estimated that 1.2
million U.S. jobs were involved in Internet commerce. Lehman Brothers said the
study demolished an assumption by many analysts that Internet sales were
concentrated among a few big companies. What they found is that there are
thousands of companies selling on the Internet which argues for continued
growth. The figures also put the Internet portion of the economy on par with
other more established sectors like automobiles and telecommunications. The
conclusion: E-commerce has already achieved a status of great prominence in the
U.S. economy. Great news for SUNW!

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