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Technology Stocks : AUTOHOME, Inc
ATHM 25.19+1.3%3:59 PM EST

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To: ahhaha who wrote (660)11/20/1997 12:42:00 AM
From: Bob Zacks  Read Replies (1) of 29970
 
Picked this up of another forum's post. It helps us to understand the growth rate of internet users . As areas are upgraded and @home becomes available this growth rate is key to @homes success. ------------------------------------------------------------

AUSTIN, Texas--(BUSINESS WIRE)--Nov. 19, 1997--IntelliQuest Information Group, Inc.
(Nasdaq:IQST), a leader in providing information-based marketing services to the technology industry, today announced the results of its latest survey of the United States population's use of the Internet and online services, showing 56 million adults, or 27% of
the U.S. population age 16 and older are online as of the third quarter of 1997. This represents 4.9 million new users of the Internet/online services within the past three months. IntelliQuest's study also found an additional 16 million adults intend to begin
accessing the Internet or online services within the next year. If these people follow through with their intentions, the number of wired U.S. residents could approach 72 million within a year. This would amount to a doubling of the online population from when IntelliQuest began studying the medium in Q2 1996. Among the more remarkable results of the latest wave is how the medium is increasingly becoming a mainstream factor in users' lives. For example, over 23 million people (42% of the online population) reported accessing the Internet or online services from multiple locations in the third quarter -- more than double the number found doing so fifteen months earlier. Also, the average amount of time a user spent online has grown from an average of 6.9 hours per week online in Q2 1996 to a current mean level of 9.8 hours per week. And commerce has grown rapidly from a base of 2.6 million online purchasers in Q2 1996 to
8.7 million people in Q3 1997, and their projected spending is $7 billion online annually.These results announced today are from the most recent wave of IntelliQuest's Worldwide Internet/Online Tracking Service (WWITS(TM)), the most comprehensive study of its kind. The study generates in-depth profiles of Internet and online user demographics, usage patterns, brand awareness, satisfaction rates and growth trends. IntelliQuest's WWITS study provides leading technology and online companies such as CNET, Compaq, Netscape and Sprint with consistent, longitudinal and highly accurate tracking of the online population. Additional highlights of the findings for the third quarter of 1997 include:
-- Consistent with the continuing growth of the medium, people new to the Internet still represent a large contingent of the online population. Nearly 13 million people, or 23% of current users first began accessing in 1997. These new users reflect a growth in usage by
middle-America" -- they are from older age groups, less highly educated, and less frequently from the upper income groups typical of users who have been wired for several years.
-- Those planning to get online also represent a slice of mainstream America. Nearly 60% are age 35 or older, 47% have a high school education or less, and 65% have household incomes less than $50,000.

-- There are a significant number of Americans who have been online and discontinued its use. Over 10 million people reported that they no longer accessed the Internet or online services despite having done so in the past. Major reasons for lapsing include changes in
circumstances or availability (left school or no longer have access to a computer), and lack of interest or usefulness.
-- Home was the most popular access location, with 66% of users accessing from home. Work followed, with 46% of the online population accessing from work at least some of the time.
-- Users perform a variety of personal and work-related activities online no matter where they access from, with the most popular activities including sending/receiving e-mail, obtaining information about hobbies, researching products or services and accessing
gene
-- The medium continues to grow as a commercial channel. Over half of all users shop online, and 16% of users have purchased products or services online, with the most frequently purchased items including books, software and computer hardware. "The thousands of users we have interviewed over the course of this study are telling us that the medium is becoming more mainstream in their lives," said Tom Fornoff, managing director of Internet services for IntelliQuest. "They are getting online from more locations, spending more time online, performing a wider variety of activities, and finding it to be a
highly useful channel for shopping and buying."

Rigorous Methodology, Unique Focus

The study employs a rigorous random-digit dial (RDD) methodology to develop projectable estimates of both user and non-user populations. IntelliQuest's investments in screening
techniques, interviewer skills, and expert methodology design (including participation from market research industry experts and a consultant to the U.S. Census Bureau), have allowed the creation of a study that can estimate the size of the adult Internet and online
user population with sampling reliability of +/-1.5%.
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