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Microcap & Penny Stocks : Cool Entertainment (CULE)
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To: burner who wrote (391)6/28/1999 5:56:00 PM
From: tobin sears  Read Replies (1) of 488
 
Neat! Look at all this money you can get CULE!! (;

Monday June 28 05:00 PM EDT

Net spending to hit $1 trillion
Margaret Kane, ZDNet

Internet commerce is poised to hit the trillion dollar mark as early as 2003, according to a new study from International Data Corp.
The Framingham, Mass.-based research firm said that the Web will also become less U.S.-centric, with an estimated 65 percent of Web users coming from other countries by 2003.

The online buying phenomenon will be driven by larger purchases, and more shoppers, IDC said. The number of Web buyers is expected to jump from 31 million in 1998 to more than 183 million in 2003.

IDC isn't the only one expecting big things from Internet commerce. Forrester Research of Cambridge, Mass. expects business-to-business hard goods sales online will hit $1.3 trillion by 2003 and Jupiter Communications predicts teenagers alone will spend $1.3 billion online by 2002.

Other information seems to support these studies. For instance, the Commerce Department recently released a report stating that electronic commerce and information technology were responsible for a third of the nation's real economic growth between 1995 and 1998.

In 1998 alone, the Internet economy generated $301.4 billion in revenue, according to a study released earlier this month by the University of Texas at Austin's Center for Research in Electronic Commerce
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