This is a great buying opportunity. How many times have you looked at the charts from last August - October and wished you'd ponied up some cash for Net Stocks? ...and that was right on the heels of the worst quarter for US Business in 8 years.
These days, the Dow is doing better, un-employment is lower, Asia is still in bad shape, but showing signs of recovery (compared to Sept 1998..) and the Web economy is growing by leaps and bounds.
Read the Internet World article about the new Univ. Texas study which is being regarded by the industry as a widely read barometer of the Web's growth.
eCommerce is un-stoppable - have a look and start accumulating your net stocks - especially the major brands with a REAL businesses like AMZN and EBAY, real QUALITY content like ZDZ, MLTX and CNET, and targeted "Portals" like BOUT, IVIL, and VERT. They will grow. Don't be caught sitting down to Thanksgiving dinner wishing you'd bought back in early summer when prices were at their 1999 low.
In under 10 years, the Net economy accounts for more than 1% of GNP..and still growing. Just because Wall Street over-reacts to a couple server crashes doesn't mean the whole sector is going down the tubes. It means that YOU have a buying opportunity.
=========================
June 14, 1999
Study: U.S. Net Industry Ranks As World's 18th Largest Economy
By Kathleen Murphy and Jason Feldman
The U.S. Internet economy now rivals such century-old sectors as energy and automobiles, having generated an estimated $301.4 billion in revenue in 1998.
That's the conclusion of a new study, "Internet Economy Indicators," performed by the University of Texas' [Austin] Center for Research in Electronic Commerce and financed by Cisco Systems.
Researchers also found that the Net was responsible for 1.2 million jobs in 1998, and that the average revenue per Internet worker was $250,534, or about 65 percent higher than their industrial-economy counterparts. The study also reported that if the U.S.-based Internet economy were a nation by itself, it would rank 18th worldwide, behind Switzerland and ahead of Argentina. ...
Full Article:
iw.com
Full Study can be found at:
internetindicators.com
P.S. - Note that the figures quoted are only for the USA Net Economy. How many international customers do you think are served by the majors? Yes, you're right -- boatloads.
Webfoot |
