An Opportunity Not to Be Missed
By David Kurapka
Senior Writer
3/31/00 6:07 PM ET
We all know that WAVC is concentrating its marketing efforts in developing countries. Here's validation of that strategy.
thestreet.com
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"It's easy to forget how far ahead the U.S. is with respect to the rest of the world when it comes to e-commerce and the Internet. Asia, Latin America, even Europe (with the rare exception like Finland) are just beginning to get connected to the Internet, but they are taking to it in a fury. In China, for example, Internet usage is doubling every six months. It is still only at around 8 million, a tiny fraction of China's one billion people. Of course, most Chinese are still years away from being able to afford a computer, not to mention having an interest in buying anything online. But even if only 10% of the Chinese do get online, that's 100 million people. And the story is the same in India, Brazil, Korea and elsewhere.
Meanwhile, cell phone usage is an enormous market around the world, especially in countries with unreliable telephone service or high rates due to government controlled monopolies, or both. And although B2B is in even greater infancy outside the U.S. than B2C, its potential for growth is equally great.
In short, the spectacular growth of tech stocks overseas is occurring for a reason. Strong companies providing Internet services or building the infrastructure of the Internet economy have considerable earnings potential. While the market is far from mature in the U.S, it is barely in its infancy in the rest of the world." |
